Question: The following errors were found when the controller at Pharoah Camping was doing the July 3 1 bank reconciliation . 1 . On July 9
The following errors were found when the controller at Pharoah Camping was doing the July bank reconciliation On July Pharoah recorded a deposit as $ The correct amount was $ The deposit was for the collection of an account receivable and the bank recorded it correctly On July Pharoah recorded a payment on account as $ The correct amount was $ It was correctly recorded by the bank On July Pharoah recorded a payment for the purchase of supplies as $ The correct amount was $ It was correctly recorded by the bank On July the bank recorded a deposit as $ The correct amount was $ This error was corrected by the bank on July Pharoah had correctly recorded thedeposit.On July Pharoah recorded a deposit as $ The correct amount was $ The deposit was for the collection of an account receivable. This deposit was correctly recorded by the bank on July On July the bank debited Pharoah's account $ for a cheque written by another company. Country Land, because the account number on the cheque had been damaged. The bank employee who looked up the account number made a mistake.Describe the impact of each of these items on the bank reconciliation.
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