1. 2. The following information pertains to Pharoah Company. 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. 5. $2,826 collected for Pharoah Company in July by the bank through electronic funds transfer. The collection has not been recorded by Pharoah Company. Outstanding checks, July 31, $704. 3. 4. 6. (a) Your answer is partially correct. Prepare a bank reconciliation at July 31, 2022. (List items that increase balance as per bank & books first.) PHAROAH COMPANY Bank Reconciliation July 31, 2022 Cash balance per bank statement Outstanding checks $ Less V Adjusted cash balance per bank $ Cash balance per books $ 8,174 Add : Electronic funds transfer received 2,826 Less V: Adjusted cash balance per books $