uestion 2 When Pharoah Holdings Ltd. received its bank statement for the month of October, it showed that the company had a cash balance of $14,849 as at October 31. Pharoah's general ledger showed a cash balance of $17,390 at that date. A comparison of the bank statement and the accounting records evealed the following information: 1. Bank service and credit card charges for the month were $7. 2. A cheque, in the amount of $520, from one of Pharoah's customers that had been deposited ding the last week of October was returned with the bank statement as "NSF. 3. Cheque #3421, which was a payment for utilities expenses, had been correctly written for $860 but had been incorrectly recorded in the general ledger as $680. 4. Pharoah had written and mailed out cheques with a value of $2,430 that had not yet ceared the bank account. 5. During the month, the bank collected a $2,400 note receivable plus the outstanding interest of $216 on behalf of Pharoah. The interest had already been accrued. 6. The cash receipts for October 31 amounted to $6,880 and had been deposited in the night drop slot at the bank on the evening of October 31. These were not reflected on the bank statement for October (a) Prepare the bank reconciliation at October 31. (List items that increase balance as per bank books first.) PHAROAH HOLDINGS LTD. Bank Reconciliation October 31 Cash balance per bank statement Less Financial Accounting, Seventh Canadian Edition by Kimmel, Weygandt, Kieso, Trenholm, Help System Announcements Prepare the bank reconciliation at October 31. (List items that increase balance as per bank & be PHAROAH HOLDINGS LTD. Bank Reconciliation October 31 Cash balance per bank statement 17390 Less Attempts: 0 of 2 used