Exercise 4-07 a-b (Video) Pharoah Company had the following adjusted trial balance. Pharoah Company Adjusted Trial Balance For the Month Ended June 30, 2020 Adjusted Trial Balance Account Titles Debit Credit Cash $3,820 Accounts Receivable 4,040 Supplies 490 Accounts Payable $1,800 Unearned Service Revenue 180 Owner's Capital 4,180 Owner's Drawings 770 Service Revenue 5,990 Salaries and Wages Expense 1,500 Miscellaneous Expense 390 Supplies Expense 1,700 Salaries and Wages Payable 560 $12,710 $12,710 Prepare closing entries at June 30, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit 1. Service Revenue 5990 5990 Income Summary (To close revenue account) 2. Income Summary 3590 Salaries and Wages Expense 1500 Miscellaneous Expense 390 1700 Supplies Expense (To close expense accounts) Income Summary 3. 2400 Owner's Capital 2400 (To close net income / (loss)) Activate Windows Go to Settings to activate Windows, 4. Owner's Capital 770 770 Owner's Drawings (To close drawinas) earch 2 a W 10:12 AM 3/29/2021 1700 Supplies Expense (To close expense accounts) 3. Income Summary 2400 2400 Owner's Capital (To close net income / (loss)) Owner's Capital 770 770 Owner's Drawings (To close drawings) LINK TO TEXT VIDEO: SIMILAR EXERCISE Prepare a post-closing trial balance. PHAROAH COMPANY Post-Closing Trial Balance For the Month Ended June 30, 2020 Debit Credit Cash 3820 $ $ Accounts Receivable 4040 Supplies 490 Accounts Payable 1800 Unearned Service Revenue 180 Salaries and Wages Payable 560 Owner's Capital Totals Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT VIDEO: SIMILAR EXERCISE : Activate Windows Go to Settings to activate Windows. Question Attempts: Unlimited SAVE FOR LATER SUBMIT ANSWER search O 10:12 AM 3/29/2021