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Question: Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry

Question: Prepare closing entries at June 30, 2022. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

image text in transcribedimage text in transcribed

WORD BANK:

  • Accounts Payable
  • Accounts Receivable
  • Accumulated Depreciation-Buildings
  • Accumulated Depreciation-Equipment
  • Accumulated Depreciation-Delivery Trucks
  • Advertising Expense
  • Buildings
  • Cash
  • Debt Investments
  • Delivery Trucks
  • Depreciation Expense
  • Equipment
  • Gasoline Expense
  • Income Summary
  • Income Tax Expense
  • Income Taxes Payable
  • Insurance Expense
  • Interest Expense
  • Interest Payable
  • Interest Receivable
  • Interest Revenue
  • Inventory
  • Land
  • Long-term Debt
  • Long-term Investments
  • Maintenance and Repairs Expense
  • Miscellaneous Expense
  • Mortgage Payable
  • No Entry
  • Notes Payable
  • Notes Receivable
  • Owner's Capital
  • Owner's Drawings
  • Patent Needs
  • Prepaid Advertising
  • Prepaid Insurance
  • Prepaid Rent
  • Rent Expense
  • Rent Revenue
  • Salaries and Wages Expense
  • Salaries and Wages Payable
  • Service Revenue
  • Short-Term Investments
  • Stock Investments
  • Supplies
  • Supplies Expense
  • Ticket Revenue
  • Unearned Rent Revenue
  • Unearned Service Revenue
  • Utilities Expense
Pharoah Company had the following adjusted trial balance. 490 Pharoah Company Adjusted Trial Balance For the Month Ended June 30, 2022 Adjusted Trial Balance Account Titles Debit Credit Cash $3,820 Accounts Receivable 4,040 Supplies Accounts Payable $1,800 Unearned Service Revenue Owner's Capital 4,180 Owner's Drawings 770 Service Revenue 5.990 Salaries and Wages Expense 1,500 Miscellaneous Expense 390 Supplies Expense 1,700 Salaries and Wages Payable 180 560 $12.710 $12,710 No. Account Titles and Explanation Debit Credit 1. (To close revenue account) 2. (To close expense accounts) 3. (To close net income / (loss) (To close drawings)

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