The bank portion of the bank reconciliation for Pharoah Company at October 31,2017, is shown below PHAROAH COMPANY Bank Reconciliation October 31,2017 Cash balance per bank $12,627.90 1,530.20 14,158.10 Add: Deposits in transit Less: Outstanding checks Check Number 2451 2470 2471 2472 2474 Adjusted cash balance per bank Check Amount $1,260.40 684.20 844.50 435.65 1,050.00 4,274.75 $9,883.35 The adjusted cash balance per bank agreed with the cash balance per books at October 31. The November bank statement showed the following checks and deposits. Bank Statement Checks Deposits Date Number Amount 11-1 2470 11-2 2471 11-5 2474 11-4 2475 11-8 2476 11-10 2477 11-15 2479 11-18 2480 11-27 2481 11-30 2483 11-29 2486 Date Amount $684.20 11-1 1,530.20 844.5011-41,211.60 990.10 1,640.70 11-13 2,575.00 2,830.00 11-18 1,472.70 600.00 11-21 2,945.00 1,730.00 11-25 2,567.30 11-28 1,650.00 11-30 1,186.00 Total 16,127.90 1,050.00 11-8 1,330.00 695.40 575.50 940.00 $12,920.30 Total The cash records per books for November showed the following Cash Receipts Journal Cash Payments Journal Date Date Number Amount Date Number Amount 11-1 2475$1,640.70 11-20 2483 11-2 2476 11-2 2477 11-42478 11-8 2479 11-10 2480 11-15 2481 11-18 2482 Amount 575.50 11-3 820.65 974.80 940.00 398.00 800.00 $1,211.60 990.10 2,575.00 1,472.70 2,954.00 2,567.30 1,650.00 1,186.00 1,564.00 Total$16,170.70 2,830.00 11-22 2484 600.00 11-23 2485 538.20 11-24 2486 1,703.00 11-292487 1,330.00 11-30 2488 11-7 11-12 11-20 11-24 11-27 11-29 11-30 695.40 Total $14,458.25 612.00 The bank statement contained two bank memoranda: 1. 2. A credit of $2,422.00 for the collection for Pharoah Company of an electronic funds transfer. A debit for the printing of additional company checks $93.85. At November 30, the cash balance per books was $11,595.80 and the cash balance per bank statement was $18,163.65. The bank did not make any errors, but Pharoah Company made two errors. Using the steps in the reconciliation procedure, prepare a bank reconciliation at November 30,2017.(List items that increase balance as per bank and books first.) Prepare the adjusting entries based on the reconciliation. (Note: The correction of any errors pertaining to recording checks should be made to Accounts Payable. The correction of any errors relating to recording cash receipts should be made to Accounts Receivable.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Accounts Receivable.) (Credit