Pharoah Company has the following balances in selected accounts on December 31, 2022. Accounts Receivable Accumulated Depreciation-Equipment Equipment Interest Payable Notes Payable Prepaid Insurance Salaries and Wages Payable Supplies Unearned Service Revenue $0 0 7,000 0 10,000 2,760 O 2,200 32,000

Pharoah Company has the following balances in selected accounts on December 31, 2022. Pharoah Company has the following balances in selected accounts on December 31, 2022. All the accounts have normal balances. The information below has been gathered at December 31,2022. Interest will be paid when the note is repaid. 1. Pharoah Company borrowed $10,000 by signing a 9%, one-year note on September 1,2022. 2. A count of supplies on December 31,2022 , indicates that supplies of $990 are on hand. 3. Depreciation on the equipment for 2022 is $1,200. 4. Pharoah paid $2,760 for 12 months of insurance coverage on June 1,2022. 5. On December 1,2022 , Pharoah collected $32,000 for consulting services to be performed evenly from December 1,2022 , through March 31, 2023. 6. Pharoah performed consulting services for a client in December 2022. The client will be billed $4,100. 7. Pharoah pays its employees total salaries of $5,200 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