Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

- / 10 Question 1 of 7 View Policies Current Attempt in Progress The adjusted trial balance for Pharoah Golf Club at its October 31,

image text in transcribed

image text in transcribed

image text in transcribed

- / 10 Question 1 of 7 View Policies Current Attempt in Progress The adjusted trial balance for Pharoah Golf Club at its October 31, 2021, year end included the following: Credit Cash Debit $7,500 3,000 65,000 Prepaid expenses Equipment Accumulated depreciation equipment Accounts payable Unearned revenue N.Pharoah, capital N. Pharoah, drawings Service revenue Repairs expense $15,000 14,000 1,500 65,500 45,500 130,500 Rent expense Salaries expense 23,000 10,000 72,500 - / 10 Question 1 of 7 Date Account Titles and Explanation Debit Credit Oct. 31 (To close revenue account) Oct. 31 (To close income summary) Oct. 31 Date Account Titles and Explanation Oct. 31 a Oct. 31 Accumulated Depreciation Equipment Accounts Payable Cash Equipment Income Summary Repairs Expense No Entry N. Pharoah, Capital N. Pharoah, Drawings Prepaid Expenses Rent Expense Salaries Expense Service Revenue Unearned Revenue Oct. 31

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Fundamental Principles Of Finance

Authors: Robert Irons

1st Edition

1138477524, 9781138477520

More Books

Students also viewed these Accounting questions