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The following information relates to Pharoah Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,080. During the month of July, Pharoah
The following information relates to Pharoah Limited's Cash account. The reconciled cash balance from June's bank reconciliation is $17,080. During the month of July, Pharoah recorded cash receipts of $19,510 and cash payments of $21,890 in the general ledger Cash account. An examination of the company's July bank statement shows a balance of $17,283 on July 31 ; outstanding cheques $3,250; deposits in transit $1,310; EFT collections on account that were not yet recorded on the books $1,940; NSF cheque $1,170; NSF fee $45; and bank service charges $82. Determine the cash balance per Pharoah Limited's books. Cash balance $
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