The following information pertains to Pharoah Company. 1. 2. 3. 4. 5. Cash balance per bank, July 31, $8,138 July bank service charge not recorded by the depositor $56. Cash balance per books, July 31, $8,174. Deposits in transit, July 31, $3,510. $2,826 collected for Pharoah Company in July by the bank through electronic funds transfer. The collection has not been recorded by Pharoah Company 6. Outstanding checks, July 31, $704 Prepare a bank reconciliation at July 31, 2017. (List itemsthat increase balance as per bank & books first) PHAROAH COMPANY Bank Reconciliation