CALCULATOR MESSAGE MYINSTRUCTOR FULL SCREEN PRINTER VERS Exercise 7-8 The following information pertains to Pharoah Company 1: Cash balance per bank, July 31, $8,138 2. July bank service charge not recorded by the depositor $56. 3. Cash balance per books, July 31, $8,174 4. Deposits in transit, July 31, $3,510. s. $2,826 collected for Pharoah Company in July by the bank through electronic funds transfer. The collection has not been recorded by Pharoah Company. 6. Outstanding checks, July 31, $704 Prepare a bank reconciliation at July 31, 2017. (List items that increase balance as per bank & books first.) PHAROAH COMPANY Bank Reconciliation