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Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December 3 1 , 2 0 2 2 .
Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December Purchased a year insurance policy on June for $ cash. Paid $ on August for months' rent in advance. On September received $ cash in advance from a corporation to sponsor a game each month for a total of months for the most improved students at a local school. Signed a contract for cleaning services starting December for $ per month. Paid for the first months on November Hint: Use the account Prepaid Cleaning to record prepayments. On December received $ in advance from a gaming club. Determined that on December $ of these games had not yet been played. a Record each of the above transactions in the tabular summary that follows. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
Pharoah Games Inc. adjusts its accounts annually. The following information is available for the year ended December
Purchased a year insurance policy on June for $ cash.
Paid $ on August for months' rent in advance.
On September received $ cash in advance from a corporation to sponsor a game each month for a total of months for the most improved students at a local school.
Signed a contract for cleaning services starting December for $ per month. Paid for the first months on November Hint: Use the account Prepaid Cleaning to record prepayments.
On December received $ in advance from a gaming club. Determined that on December $ of these games had not yet been played.
a
Record each of the above transactions in the tabular summary that follows. If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign or parentheses in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.
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