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The following information is for Pharoah Ltd. in July: 1. 2. 3. 4. Cash balance per bank, July 31, $10,750. Cash balance per books, July
The following information is for Pharoah Ltd. in July: 1. 2. 3. 4. Cash balance per bank, July 31, $10,750. Cash balance per books, July 31, $8,854. Bank service charge, $50. Deposits in transit, $1,988. Electronic receipts from customers in payment of their accounts, $1,196, not previously recorded by the company. Outstanding cheques, $2,378. Cheque #373 was correctly written in the amount of $590 but was incorrectly recorded by the company's bookkeeper as $950. The cheque was written to buy office supplies. 5. 6. 7. (a) Prepare the bank reconciliation at July 31. (List items that increase balance as per bank & books first.) PHAROAH LTD. Bank Reconciliation July 31 $ $ $ $ e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit
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