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Current Attempt in Progress The trial balance of Pharoah Fitness shows the following balances for selected accounts on November 30, 2022: Prepaid Insurance $11.200 $25,536
Current Attempt in Progress The trial balance of Pharoah Fitness shows the following balances for selected accounts on November 30, 2022: Prepaid Insurance $11.200 $25,536 Equipment 76,608 Unearned Fitness Revenue Note Payable Rent Receivable 36,000 Accumulated Depreciation 13,104 560 Using the additional information given below, prepare the appropriate monthly adjusting entries at November 30. (Use Fitness Revenue instead of Service Revenue.) (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) 1 2. 3. Revenue earned for fitness center fees, but not yet billed, totaled $3,024 on November 30. The note payable is a 9%, 1-year note issued October 1, 2022 The equipment was purchased on January 2, 2012. Pharoah Fitness has calculated annual depreciation as $6.720. An insurance policy was acquired on June 30, 2022, the premium paid for 1 year had a cost of $16,800. Pharoah Fitness received $25,536 in advance on November 1, 2022, from customers who paid for 3 months of prepaid fitness fees, 5. No. Account Titles and Explanation Debit Credit 1. 2. 4. 5
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