Pharoah Ltd. has the following selected transactions: 1. 2. 3. 4. 5. Issued common shares to shareholders in exchange for $5,000. Paid rent in advance for two months, $2,400. Paid administrative assistant $400 salary. Billed clients $1.600 for services provided. Received $900 in partial payment from clients for services provided in item 4 above. Purchased $500 of supplies on account. Paid supplier amount owing on account, $500. Borrowed $1,000 cash from the bank. 6. 7. 8. Journalize the transactions for Pharoah Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Sr. No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6. 7. 8