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Pharoah Corporation provides security services. Selected transactions for Pharoah are presented below. Oct. 1 Issued common stock in exchange for $71,300 cash from investors. 2
Pharoah Corporation provides security services. Selected transactions for Pharoah are presented below. Oct. 1 Issued common stock in exchange for $71,300 cash from investors. 2 Hired part-time security consultant. Salary will be $2,200 per month. First day of work will be October 15. 4 Paid 1 month of rent for building for $2,200. 7 Purchased equipment for $19,400, paying $4,300 cash and the balance on account. 8 Paid $2,000 for advertising. 10 Received bill for equipment repair cost of $450. 12 Provided security services for event for $3,500 on account. 16 Purchased supplies for $440 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $160. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,500. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Question 6 of 7 \langle angle 11ii Post the transactions to T-accounts and determine month-end balances. (Post entries in the order of journal entries presented in the previous part. For accounts with zero balance select "Bal." from the list and enter "0" on the normal balance side of the account or leave it blank.) Question 6 of 7 /133 Supplies Equipment 8 Common Stock Question 6 of 7 -11 Question 6 of 7\langle angle 113i= Maintenance \& Repairs Expense eTextbook and Media List of Accounts Prepare a trial balance at October 31, 2025. (Do not list those accounts that have zero ending balance.) Question 6 of 7 113i
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