Please complete everything in red. I provided all the material to answer the question.

complete the boxes highliged in red

Accounting Cycle Review 7-01 a1-f2 Pharoah Co. uses a perpetual inventory system and both an accounts receivable and an accounts payable subsidiary ledger. Balances related to both the general ledger and the subsidiary ledger for Pharoah are indicated in the working papers. Presented below are a series of transactions for Pharoah Co. for the month of January. Credit sales terms are 2/10, n/30. The cost of all merchandise sold was 60% of the sales price. GENERAL LEDGER Account Number 101 112 115 120 126 130 Account Title Cash Accounts Receivable Notes Receivable Inventory Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equip. Accounts Payable Owner's Capital January 1 Opening Balance $38,250 12.300 42,000 15,500 1,500 2,000 8,700 1,600 157 158 37,000 201 301 81,650 Schedule of Accounts Receivable (from accounts receivable subsidiary ledger) January 1 Customer Opening Balance R. Beltre $1,600 B. Santos 7,300 S. Mahay 3,400 Schedule of Accounts Payable (from accounts payable subsidiary ledger) January 1 Customer Opening Balance S. Meek $9.000 R. Moses 17,000 D. Saito 11,000 Jan. 3 5 8 9 9 10 11 12 13 15 15 16 17 Sell merchandise on account to B. Corpas $3,400, invoice no. 510, and to J. Revere $2,000, invoice no. 511. Purchase merchandise from S. Gamel $6,000 and D. Posey S2,900, terms n/30. Receive checks from S. Mahay $3,400 and B. Santos $2,000 after discount period has lapsed. Pay freight on merchandise purchased $225. Send checks to S. Meek for $9,000 less 2% cash discount, and to D. Saito for $11,000 less 1% cash discount. Issue credit of $300 to J. Revere for merchandise returned. Daily cash sales from January 1 to January 10 total $17,500. Make one journal entry for these sales. Sell merchandise on account to R. Beltre $1,600, invoice no. 512, and to S. Mahay $900, invoice no. 513. Pay rent of $1,400 for January, Receive payment in full from B. Corpas and J. Revere less cash discounts. Withdraw 5800 cash by M. Pharoah for personal use. Post all entries to the subsidiary ledgers. Purchase merchandise from D. Saito $14,000, terms 1/10, n/30; S. Meek $14,600, terms 2/10, n/30; and S. Gamel $1,600, terms n/30. Pay $400 cash for office supplies. Return $300 of merchandise to S. Meek and receive credit. Daily cash sales from January 11 to January 20 total $22,100. Make one journal entry for these sales. Issue $17,000 note, maturing in 90 days, to R. Moses in payment of balance due. Receive payment in full from S. Mahay less cash discount. Sell merchandise on account to B. Corpas $2,900, invoice no. 514, and to R. Beltre $2,500, invoice no. 515. Post all entries to the subsidiary ledgers. Send checks to D. Saito and S. Meek in full payment less cash discounts. Sell merchandise on account to B. Santos $3,900, invoice no. 516, and to 3. Revere 56,100, invoice no. 517. Purchase merchandise from D. Saito $15,000, terms 1/10, n/30; D. Posey $3,300, terms n/30; and S. Gamel $5,700, terms n/30. Post all entries to the subsidiary ledgers. Pay $200 cash for office supplies. Daily cash sales from January 21 to January 31 total $23,700. Make one journal entry for these sales. Pay sales salaries $4,900 and office salaries $3,800. 18 20 21 21 22 22 23 25 27 27 28 31 31 PHAROAH COMPANY Worksheet For the Month Ended January 31, 2020 V Adjusted Adjustments Trial Balance Dr. Cr. Dr. Cr Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr Dr. Cr. Cash 5352: 53521 53521 Accounts Receivable 23900 23900 23900 Notes Receivable 42000 42000 12000 Inventory 25029 25029 26029 Supplies 2100 1100 1000 1000 Prepaid insurance 2000 200 1800 1800 Equipment 8700 8700 8700 Accum. Depreciation-Equipment 1600 150 1750 1750 Notes Payable 17000 17000 17000 Accounts Payable 34500 31500 34500 Interest Payable 50 50 50 Owner's Capital 81650 81650 81650 Owner's Drawings 800 800 800 Sales Revenue 86600 86600 86600 Sales Returns and Allowances 300 300 300 Sales Discounts 120 120 120 Cost of Goods Sold 51280 51780 51780 Salaries and Wages Expense 8700 3700 8700 Rent Expense 1400 1400 1400 Totals 221350 221350 Supplies Expense 1100 1100 1100 Insurance Expense 200 200 200 Depreciation Expense 150 150 150 Interest Expense SO 50 SO Totals 1500 1500 221550 221550 63800 86600 157750 134950 Net Income 228001 22800 Totals 86600 86600 157750 157750 General Ledger Ref. Debit Credit Cash Date Explanation Jan. 1 Balance 31 31 Accounts Receivable Date Explanation Jan. 1 Balance 31 CR1 CP1 74,580 No. 101 Balance 38,250 112,830 53,521 No. 112 Balance 59,309 Debit Credit Ref. S1 CR1 23,300 31 11,400 G1 300 Ref. Debit Credit 9 Notes Receivable Date Explanation Jan. 1 Balance Inventory Date Explanation Jan. 1 Balance 31 Ref. Debit Credit 63,100 12,300 35,600 24,200 23,900 No. 115 Balance 42,000 No. 120 Balance 15,500 78,600 64,620 26,640 26,865 26,149 26,329 26,029 No. 125 Balance 1,500 2,100 P1 S1 CR1 CP1 31 13,980 37,980 31 8 225 31 CP1 716 180 G1 G1 300 9 18 Supplies Date Explanation Jan. 1 Balance 31 Adj. entry Ref. Debit Credit CP1 600 X 31 Adj. entry G1 Prepaid Insurance Date Explanation Jan. 1 Balance Ref. Debit Credit No. 130 Balance 2,000 31 Adj. entry G1 Ref. Debit Credit Equipment Date Explanation Jan. 1 Balance Accumulated Depreciation Equipment Date Explanation Jan. 1 Balance No. 157 Balance 8,700 No. 158 Balance 1,600 Ref. Debit Credit 31 Adj. entry G1 Debit Ref. G1 Credit 17,000 Notes Payable Date Explanation Jan. 21 Accounts Payable Date Explanation Jan. 1 Balance 31 Debit Credit No. 200 Balance 17,000 No. 201 Balance 37,000 100,100 51,800 51,500 34,500 No. 230 Balance Ref. P1 CP1 G1 G1 63,100 31 48,300 300 18 17,000 21 Interest Payable Date Explanation Ref. Debit Credit Jan. 31 Adj. entry G1 Owner's Capital Date Explanation Jan. 1 Balance Ref. Debit Credit No. 301 Balance 81,650 31 Clos. entry G1 31 Clos. entry G1 Owner's Drawings Date Explanation Jan 15 Ref. Debit Credit No. 306 Balance 800 CP1 800 X 31 Clos. entry G1 Income Summary Date Explanation No. 350 Balance Ref. Debit Credit Jan. 31 Clos. entry G1 ll 31 Clos, entry G1 JI 31 Clos. entry G1 Debit Credit Sales Revenue Date Explanation Jan. 31 31 Ref. S1 No, 401 Balance 23,300 86,600 23,300 63,300 CR1 X 31 Clos. entry G1 Sales Returns and Allowances Date Explanation Jan. 9 No. 412 Balance Ref. Debit Credit G1 300 300 x 31 Clos. entry G1 Sales Discounts Date Explanation Jan. 31 Debit Credit Ref. CR1 No. 414 Balance 120 120 31 Clos. entry G1 No. 505 Balance Ref. Debit Credit Cost of Goods Sold Date Explanation Jan. 31 31 S1 13,980 37,980 CR1 13,980 51,960 51,780 9 G1 180 31 Clos. entry G1 Salaries and Wages Expense Date Explanation Jan. 31 Ref. Debit Credit No. 627 Balance 8,700 CP1 8,700 X 31 Clos. entry G1 Depreciation Expense Date Explanation No. 711 Balance Ref. Debit Credit Jan. 31 Adj. entry G1 31 Clos. entry G1 Interest Expense Date Explanation Jan. 31 No. 718 Balance Debit Credit Ref. G1 50 50 X 31 Clos. entry G1 Insurance Expense Explanation Jan. 31 Ref. Debit Credit No. 722 Balance 200 G1 200 G1 31 Clos. entry Supplies Expense Date Explanation No. 728 Balance Ref. Debit Credit Jan. 31 Adj. entry G1 31 Clos. entry G1 Rent Expense Date Explanation Jan. 12 Ref. Debit Credit No. 729 Balance 1,400 CP1 1,400 31 Clos. entry G1 Prepare a post-closing trial balance. PHAROAH CO. Post-Closing Trial Balance January 31, 2020 Debit Credit Cash x Accounts Receivable Notes Receivable Inventory X Supplies Prepaid Insurance Equipment Ododddddddddd ulillitdidido Accumulated Depreciation Equipment Accounts Payable Owner's Capital Notes Payable Interest Payable Totals Your answer is partially correct. Try again. Determine whether the subsidiary ledgers agree with the control accounts in the general ledger. Accounts Receivable balance Accounts Receivable Subsidiary Ledger R. Beltre B. Santos citi B. Corpas J. Revere Accounts Payable balance Subsidiary account balances X D. Posey D. Saito IDI S. Gamel Your answer is partially correct. Try again. Determine whether the subsidiary ledgers agree with the control accounts in the general ledger. Accounts Receivable balance Accounts Receivable Subsidiary Ledger R. Beltre B. Santos citi B. Corpas J. Revere Accounts Payable balance Subsidiary account balances X D. Posey D. Saito IDI S. Gamel