Pharoah Company Trial Balance December 31, 2022 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $370 637 100 220 4880 $730 468 1460 1710 3669 1220 610 $8037 $8037 If, on December 31, 2022. the insurance still unexpired amounted to $24, the adjusting entry would contain a: debit to Prepaid Insurance for $76. O credit to Prepaid Insurance for $24. debit to Insurance Expense for $76. debit to Prepaid Insurance for $24 On July 1 the Kingbird, Inc. paid $27360 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was debited for the full amount. It financial statements are prepared on July 31, the adjusting entry to be made by the Kingbird, Inc. is: O debit Rent Expense, $27360;credit Prepaid Rent, $22800. O debit Rent Expense, $4560; credit Prepaid Rent, $4560 O debit Rent Expense, $27360;credit Prepaid Rent, $4560. O debit Prepaid Rent, $4560; credit Rent Expense, $4560. Current Attempt in Progress Vaughn Manufacturing compiled the following financial information as of December 31, 2022: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings. 1/1/22 $847000 180000 232000 727000 220000 63000 30000 104000 93500 450000 Vaughn's stockholders' equity on December 31, 2022 is: O $480000 O $687000 5657000 O $743000