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undefined On August 31, Pharoah Company had an unadjusted cash balance of $7,000. An examination of the August bank statement shows a balance of $5,940
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On August 31, Pharoah Company had an unadjusted cash balance of $7,000. An examination of the August bank statement shows a balance of $5,940 on August 31, bank service charges of $30. deposits in transit of $2,660, interest earned of $11, outstanding cheques of $1,769, and an NSF cheque of $150. Prepare a bank reconciliation at August 31. (List items that increase balance as per bank & books first.) Pharoah Company Bank Reconciliation August 31 Adjusted cash balance per bank Add : Deposits in transit Less Outstanding cheques Adjusted cash balance per bank $ $ $Step by Step Solution
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