Testbank Multiple Choice Question 147 The trial balance for Pharoah Company appears as follows: Pharoah Company Trial Balance December 31, 2022 $370 637 100 220 4880 Cash Accounts Receivable Prepaid Insurance Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Common Stock Retained Earnings Service Revenue Salaries and Wages Expense Rent Expense $730 468 1460 1710 3669 1220 610 $8037 $8037 If, on December 31, 2022, the insurance still unexpired amounted to $24, the adjusting entry would contain O debit to Insurance Expense for $76. debit to Prepaid Insurance for $24. O credit to Prepaid Insurance for $24. O debit to Prepaid Insurance for $76. Click if you would like to Show Work for this question: Qen Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy CA