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The following information relates to Pharoah Limiteds Cash account. The reconciled cash balance from Junes bank reconciliation is $17,390. During the month of July, Pharoah

The following information relates to Pharoah Limiteds Cash account. The reconciled cash balance from Junes bank reconciliation is $17,390. During the month of July, Pharoah recorded cash receipts of $22,770 and cash payments of $25,720 in the general ledger Cash account. At July 31, Pharoah Limited had an reconciled cash balance of $16,593. An examination of the companys July bank statement shows a balance of $19,533 on July 31; outstanding cheques $3,903; deposits in transit $1,723; EFT collections on account that were not yet recorded on the books $2,191; NSF cheque $1,249; NSF fee $71; and bank services charges $111. Prepare the necessary journal entries required on July 31 for Pharoah. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)image text in transcribed

Prepare the necessary journal entries required on July 31 for Pharoah. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit July 31 (To record EFT collections on account) (To record bank service charges) (To record NSF cheque and fee)

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