(a) Prepare a correct bank reconciliation. (Hint: Deduct the amount of the theft from the adjusted balance per books.) (List items that increase balance as per bank & books first. Round answers to 2 decimal places, e.g. 52.50.) PHAROAH COMPANY Bank Reconciliation eeeeee $ $ $ $ $ Pharoah Company is a very profitable small business. It has not, however, given much consideration to internal control. For example, in an attempt to keep clerical and office expenses to a minimum, the company has combined the jobs of cashier and bookkeeper. As a result, Bret Turrin handles all cash receipts, keeps the accounting records, and prepares the monthly bank reconciliations. The balance per the bank statement on October 31, 2022, was $20,286.00. Outstanding checks were No. 62 for $166.00, No. 183 for $178.00, No. 284 for $291.00, No. 862 for $200.00, No. 863 for $275.00, and No. 864 for $212.00. Included with the statement was a credit memorandum of $203.00 indicating the collection of a note receivable for Pharoah Company by the bank on October 25. This memorandum has not been recorded by Pharoah. The company's ledger showed one Cash account with a balance of $23,744.00. The balance included undeposited cash on hand. Because of the lack of internal controls, Bret took for personal use all of the undeposited receipts in excess of $3,832.00. He then prepared the following bank reconciliation in an effort to conceal his theft of cash. Cash balance per books, October 31 $23,744.00 Add: Outstanding checks No. 862 No. 863 No. 864 $200.00 275.00 212.00 577.00 24,321.00 Less: Undeposited receipts 3,832.00 Unadjusted balance per bank, October 31 20,489.00 Less: Bank credit memorandum 203.00 Cash balance per bank statement, October 31 $20,286.00

Hello I do not know if I am doing this Bank Reconciliation correclty. I really need help solving this problem.

Using the following information, prepare a bank reconciliation. • Bank balance: $4,687 • Book balance: $5,690 • Deposits in transit: $1,546 • Outstanding checks: $956 • Interest income: $53 • NSF check: $466 Bank Reconciliation Bank Statement Balance at (date) Add: Less: Adjusted Bank Balance Book Balance at (date) Add: Less: Adjusted Book Balance

Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.