The March bank statement showed the following for Pharoah Co$.$:

PHAROAH CO$.$

Bank Statement

March $31,2024$

Cheques and Other Debits

Date

Feb. $29$

Mar. $3$

$4$

$6$

$7$

$10$

$11$

$14$

$17$

$20$

$21$

$26$

$31$

$31$

$31$

Number

$3470$

$3471$

$3472$

$3473$

NSF

$3475$

$3477$

$3476$

$3474$

$3478$

LN

$3480$

sc

Amount

$$1,516$

$842$

$1,416$

$375$

$567$

$476$

$916$

$1,816$

$2,326$

$3,070$

$1,180$

$1,666$

$55$

Deposits

$$2,516$

$1,216$

$1,736$

$2,276$

$1,826$

$2,467$

IN $32$

Amount

$$12,716$

$13,716$

$12,874$

$12,674$

$12,299$

$11,732$

$12,992$

$12,076$

$12,536$

$14,362$

$12,036$

$11,433$

$10,253$

$8,587$

$8,564$

Additional information:

$1.$

$2.$

$3.$

The bank statement contained three debit memoranda:

An NSF cheque of $$567$ that Pharoah had deposited was returned due to insufficient funds in the maker's bank

account. This cheque was originally given to Pharoah by Mr$.$ Kenneth, a customer, in payment of his account. Pharoah

believes it will be able to collect this amount from Mr$.$ Kenneth.

A bank loan payment $($LN$),$ which included $$180$ of interest and a $$1,000$ payment on the principal. $($Hint: Use Notes

Payable.$)$

A service charge $($SC$)$ of $$55$ for bank services provided throughout the month.

The bank statement contained one credit memorandum for $$32$ of interest $($IN$)$ earned on the account for the month.

The bank made an error processing cheque #$3478.$ No other errors were made by the bank.

Pharoah's unadjusted cash balance per its general ledger on March $31$ is $$6,109.$ Pharoah's list of cash receipts and cash payments

showed the following for March:

Cash Receipts

Date

Mar. $5$

$10$

$14$

$20$

$25$

$31$

Total

Amount

$$1,216$

$1,736$

$2,276$

$1,826$

$2,476$

$1,026$

$$10,556$

Date

Mar. $3$

$4$

$6$

$7$

$13$

$14$

$19$

$21$

$28$

$31$

$31$

Total

Cash Payments

Cheque No$.$

$3472$

$3473$

$3475$

$3476$

$3477$

$3478$

$3479$

$3480$

$3481$

$3482$

Amount

$$1,416$

$735$

$2,326$

$476$

$1,816$

$916$

$3,570$

$157$

$1,666$

$861$

$1,126$

$$15,065$

The bank portion of the previous month's bank reconciliation for Pharoah Co$.$ at February $29,2024,$ was as follows:

PHAROAH CO$.$

Bank Reconciliation

February $29,2024$

Cash balance per bank

Add: Deposits in transit

Less: Outstanding cheques

$451$

#$3470$

#$3471$

Adjusted cash balance per bank

$$2,256$

$1,516$

$842$

$$12,716$

$2,516$

$15,232$

$4,614$

$$10,618$

Prepare a bank reconciliation at March $31.($List items that increase balance as per bank & books first.$)$The March bank statement showed the following for Pharoah Co$.$:

$\backslash$table$[[$Date$,\backslash$table$[[$PHAROAH CO$.],[$Bank Statement$],[$March $31,2024]],$Amount$],[$Cheques and Other Debits,Deposits$],[$Number$,$Amount$],[$Feb$.29,,,,$$$12,716$