Question: *Exercise 7-9 (Part Level Submission) This information relates to the Cash account in the ledger of Pharoah Company. Balance September 1-$21,260; Cash deposited $64,000 Balance

*Exercise 7-9 (Part Level Submission) This information relates to the Cash

*Exercise 7-9 (Part Level Submission) This information relates to the Cash account in the ledger of Pharoah Company. Balance September 1-$21,260; Cash deposited $64,000 Balance September 30-$22,460; Checks written-$62,800 The September bank statement shows a balance of $21,360 at September 30 and the following memoranda. Credits Debits Collection of electronic funds transfer Interest earned on checking account NSF check: H. Kane Safety deposit box rent $1,070 70 $2,340 55 At September 30, deposits in transit were $5,258 and outstanding checks totaled $2,903. Prepare the bank reconciliation at September 30, 2017. (List items that increase balance as per bank & books first.) PHAROAH COMPANY Bank Reconciliation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Carol Brady lives at 461 Ocean Blvd, Savannah, GA, 31512. Ms. Brady's social security number is 256-74-8432, and she is 55 years old. Carol was widowed in 2020; her husband of many years, Mike, died...

Healthcare Budget Project. Please see attached instructions BUSI 523 BUDGET PROJECT GRADING RUBRIC Criteria Part 1: Financial Statement Analysis Part 1: Financial Statement Analysis Part 2: Budget...

I need help with this budget assignment, I have attached the instructions BUSI 523 BUDGET PROPOSAL INSTRUCTIONS Instructions: Complete each part of the following Case Study. You will need to use...

Need ONLY an answer to Part C, step 1, questions 1 and 3. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company Assigned to you Find the most...

filling out forms 940 and 941, you use the information taken from the payroll project chapter 7 file to fill out these forms Thanks. DEPARTMENT OCCUPATION WORKS IN (STATE) Plant Mixer Operator SEX M...

A report examine theprovisions and contingencies in two different company, one is Rheinmetall AG aapliesGerman local GAAP, another is GentrackGROUP LIMITED appliesInternational Financial Reporting...

Deposit Rules for Glo-Brite Paint Company The FICA taxes and FIT taxes must be deposited on or before the 15th of the month following the month in w Federal taxes were withheld. Since Glo-Brite is a...

d. AC in LC BRIEF EXERCISE 7.4 Mumford Corporation invested $30,000 in securities on 4 December. On 9 December, it sold some of these investments for $10,000, and on 18 December, it sold more of...

Only Need a the answer for STEP 1 of "PART C" Need a sample answer doesn't have to be extremely detailed or anything. Term Project Part A: Understanding Financial Statements Locate and use an annual...

Need the answer to Part C question only questions regarding the Step 2 - 7th question. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company...

Berrys Pet Store records purchase transactions in the general journal. The company is located in Boston, Massachusetts. In addition to a general ledger, Berrys Pet Store also uses an accounts payable...

Name five priority sequencing rules. Explain how each works to assign jobs.

Gitbs Corporation produces industrial robots for high precision mandacturing. The following information is given for Gibbs Corperation. \ table [ [ , Per Unit,Total ] , [ Direct materials, 5 9 8 0 ,...

Projects A and B are mutually exclusive and both have an initial cost of $88,000. Project A has annual cash flows for three years of $18,300, $34,500, and $52,300, respectively. Project B has annual...

4. What are the challenges posed by strategic information systems and how should they be addressed?

3. How do Porters competitive forces model, the value chain model, synergies, core competencies, and network economics help companies develop competitive strategies using information systems?

1. How is software adding value to automakers products? As the smartphone market continues to expand, another industry has begun getting smarter with software and apps: the automobile industry. Ford,...