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The following information is for Pharoah's Burger Company: 1. Cash balance per bank, July 31,$6,185. 2. July bank service charge not recorded by the depositor,
The following information is for Pharoah's Burger Company: 1. Cash balance per bank, July 31,$6,185. 2. July bank service charge not recorded by the depositor, $17. 3. The bank erroneously charged another company's $590 cheque against Pharoah's Burger's account. 4. Cash balance per books, July 31,$7,379. 5. The bank charged Pharoah's Burger's account $290 for a customer's NSF cheque. This included a $7 service charge. The company policy is to pass on all NSF charges to the customer. 6. Deposits in transit, July 31,$1,850. 7. Pharoah's Burger recorded a cash receipt for a cash sale from a customer as $32. The bank correctly recorded it as $23. 8. The bank collected a $1,050 note for Pharoah's Burger in July, plus interest of $30, less a fee of $17. The collection has not been recorded by Pharoah's Burgl: and no interest has been accrued. 9. Outstanding cheques, July 31,$499. Question 3 of 6 Prepare a bank reconciliation for July 31. (List items that increase balance as per bank \& books first.) PHAROAH'S BURGER COMPANY Bank Reconciliation July 31 Cash balance per bank statement Question 3 of 6
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