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Question 6 of 6 View Policies Current Attempt in Progress Pharoah Company has the following balances in selected accounts on December 31, 2022 Accounts
Question 6 of 6 View Policies Current Attempt in Progress Pharoah Company has the following balances in selected accounts on December 31, 2022 Accounts Receivable Accumulated Depreciation-Equipment $0 0 Equipment 8,000 Interest Payable 0 Notes Payable 11.000 Prepaid Insurance 3,720 Salaries and Wages Payable 0 Supplies 2,700 Unearned Service Revenue 30,000 -/25 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid. 1. Pharoah Company borrowed $9.200 by signing a 9%, one-year note on September 1.2022. 2. A count of supplies on December 31, 2022, indicates that supplies of $900 are on hand. Unearned Service Revenue 30,000 All the accounts have normal balances. The information below has been gathered at December 31, 2022. Interest will be paid when the note is repaid 1. Pharoah Company borrowed $9.200 by signing a 9%, one-year note on September 1, 2022. 2 A count of supplies on December 31, 2022, indicates that supplies of $900 are on hand. 3. Depreciation on the exipment for 2022 is $1,600. 4. Pharoah paid $3.720 for 12 months of insurance coverage on June 1, 2022. 5. On December 1, 2022, Pharoah collected $30,000 for consulting services to be performed evenly from December 1.2022. through March 31, 2023 6. Pharoah performed consulting services for a client in December 2022. The client will be billed $4,200. 7. Pharoah pays its employees total salaries of $5,600 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022 Prepare adjusting entries for the
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