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Current Attempt in Progress -/10 Pharoah & Associates records adjusting entries on an annual basis. The company has the following information available on accruals

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Current Attempt in Progress -/10 Pharoah & Associates records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for the year ended December 31, 2024: 1. 2. 3. 4. 5. Pharoah has a $13,200. 6% note receivable with a customer. The customer pays the interest on a monthly basis on the first of the month. Assume the customer pays the correct amount each month. Pharoah pays its employees a total of $6,200 every second Friday. Employees work a five-day week, Monday to Friday, and are paid for all statutory holidays. Assume December 31, 2024, is a Friday. Employees were last paid up to the Friday of the prior week. Pharoah has a contract with a customer where it provides services prior to billing the customer. On December 31, 2024, this customer owed Pharoah $3,330. Pharoah billed the customer on January 7, 2025, and collected the full amount on January 18, 2025. Pharoah received the $515 December utility bill on January 10, 2025. The bill was paid on its due date, January 23 2025. Pharoah has a $25,200, 6% note payable. Interest is paid every six months, on April 30 and October 31. Assume that Pharoah made the correct interest payments on April 30, 2024, and October 31, 2024. Type here to search 11:50 -1C ENG 20-12-

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