Pharoah Company has the following balances in selected accounts on December $31,2027.$

$\backslash$table$[[$Accounts Receivable,$50],[$Accumulated Depreciation$-$Equipment,$0],[$Equigment$,8,000],[$Interest Payable,$0],[$Notes Payable,$11,000],[$Prepaid Insurance,$3,720],[$Salaries and Wages Payable,$2,700],[$Supplies$,30,000]]$

All the accounts have normal balances. The information below has been gathered at December $31,2027.$ ?Interest will be paid when the noteis repaid.

$1$ ?Pharoah Company borrowed $$9\mathrm{.}200$ ?by signing a $9\%,$ ?one$-$year note on September $1\mathrm{.}2027.$

$2$ ?A count of supplies on December $31,2027,$ ?indicates that supplies of $$900$ ?are on hand.

$3.$ ?Depreciation on the equipment for $2027$ ?is $$1,600.$

$4.$ ?Pharcah paid $$3,720$ ?for $12$ ?months of insurance coverage on June $1,2027.$

$5.$ ?On December $1,2027,$ ?Pharcah collected $$30,000$ ?for consulting services to be performed evenly from December $12027,$ ?through March $31,2023.$

$6.$ ?Pharcah performed consulting services for a client in December $2027.$ ?The client will be billed $54\mathrm{.}200.$

$7.$ ?Pharcah pays its employees total salaries of $$5,600$ ?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 $3$ ?dars of $2027.$

Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annually$-$ ?List all debit entries before credit entries. Credit account tides are outomatically indented when the arrount is entered. Do not indent monually$)$

No$.$ ?Account Titles and Explanation

Debit

Credit

Pharoah Company has the following balances in selected accounts on December $31,2027.$

$\backslash$table$[[$Accounts Receivable,$50],[$Accumulated Depreciation$-$Equipment,$0],[$Equigment$,8,000],[$Interest Payable,$0],[$Notes Payable,$11,000],[$Prepaid Insurance,$3,720],[$Salaries and Wages Payable,$2,700],[$Supplies$,30,000]]$

All the accounts have normal balances. The information below has been gathered at December $31,2027.$ ?Interest will be paid when the noteis repaid.

$1$ ?Pharoah Company borrowed $$9\mathrm{.}200$ ?by signing a $9\%,$ ?one$-$year note on September $1\mathrm{.}2027.$

$2$ ?A count of supplies on December $31,2027,$ ?indicates that supplies of $$900$ ?are on hand.

$3.$ ?Depreciation on the equipment for $2027$ ?is $$1,600.$

$4.$ ?Pharcah paid $$3,720$ ?for $12$ ?months of insurance coverage on June $1,2027.$

$5.$ ?On December $1,2027,$ ?Pharcah collected $$30,000$ ?for consulting services to be performed evenly from December $12027,$ ?through March $31,2023.$

$6.$ ?Pharcah performed consulting services for a client in December $2027.$ ?The client will be billed $54\mathrm{.}200.$

$7.$ ?Pharcah pays its employees total salaries of $$5,600$ ?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 $3$ ?dars of $2027.$

Prepare adjusting entries for the seven items described above. Devin Wolf prepares adjustments annually$-$ ?List all debit entries before credit entries. Credit account tides are outomatically indented when the arrount is entered. Do not indent monually$)$

No$.$ ?Account Titles and Explanation

Debit

Credit