Answer:
A. Adjusted cash balance per bank	$13,545
Adjusted cash balance per books	$13,545
B. July 31	
Dr Cash	$2,520	
Cr Accounts Receivable $2,520
July 31
Dr Bank service charge	$63	
Cr Cash $63
Explanation:
A. Preparation of a bank reconciliation at July 31, 2010
PHAROAH COMPANY
Bank Reconciliation
31-Jul-10
Cash Balance per bank statement	$10,962
Add: Deposit in transit	$4,473
$15,435
Less: Outstanding checks	$1,890
Adjusted cash balance per bank	$13,545
Cash balance per books	$11,088
Add: Electronic fund transfer received	$2,520
$13,608
less; Bank service charge	$63
Adjusted cash balance per books	$13,545
B. Preparation of the adjusting entries at July 31 on the books of Sunland Company.
July 31	
Dr Cash	$2,520	
Cr Accounts Receivable $2,520
(To record electronic fund transfer received by bank) 
July 31
Dr Bank service charge	$63	
Cr Cash $63
(To record bank service charges )