Current Attempt in Progress Pharoah Company has the following balances in selected accounts on December 31, 2022 $0 0 Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable 12,320 0 Notes Payable 17,600 3,696 Prepaid Insurance Salaries and Wages Payable 0 Supplies 4,312 Unearned Service Revenue 52,800 All the accounts have normal balances. The following information has been gathered at December 31, 2022. 1 2. 3 4. Pharoah Company borrowed $17,600 by signing a 12%, one-year note on September 1, 2022. Interest will be paid when the note is repaid A count of supplies on December 31, 2022, indicates that supplies of $1,584 are on hand. Depreciation on the equipment for 2022 is $1,760. Pharoah paid $3,696 for 12 months of insurance coverage on June 1, 2022. On December 1, 2022, Pharoah collected $52,800 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023 Pharoah performed consulting services for a client in December 2022. The client will be billed $7,392. Pharoah pays its employees total salaries of $15,840 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022 5 6 7 Debit Credit No. Account Titles and Explanation 1. 2. 3. I 4. 5. 6. 7