Exercise 4-22

The adjusted trial balance for Pharoah Company is given below:

PHAROAH COMPANY Trial Balance August 31, 2017
		Before Adjustment				After Adjustment
		Dr.		Cr.		Dr.		Cr.
Cash		$10,160				$10,160
Accounts Receivable		8,550				9,130
Supplies		2,750				1,740
Prepaid Insurance		4,250				2,830
Equipment		16,130				16,130
Accumulated DepreciationEquipment				$3,629				$4,829
Accounts Payable				5,160				5,160
Salaries and Wages Payable				0				1,350
Unearned Rent Revenue				2,100				1,200
Common Stock				13,650				13,650
Retained Earnings				5,470				5,470
Dividends		2,870				2,870
Service Revenue				34,880				35,460
Rent Revenue				12,620				13,520
Salaries and Wages Expense		16,750				18,100
Supplies Expense		0				1,010
Rent Expense		16,049				16,049
Insurance Expense		0				1,420
Depreciation Expense		0				1,200
		$77,509		$77,509		$80,639		$80,639

Create a Income Statement, Retained Earnings Statement, Balance Sheet