Question
The adjusted trial balance for Pharoah Golf Club at its October 31, 2021, year end included the following: Debit Credit Cash $7,500 Prepaid expenses 3,000
The adjusted trial balance for Pharoah Golf Club at its October 31, 2021, year end included the following: Debit Credit Cash $7,500 Prepaid expenses 3,000 Equipment 65,000 Accumulated depreciationequipment $15,000 Accounts payable 14,000 Unearned revenue 1,500 N. Pharoah, capital 65,200 N. Pharoah, drawings 45,700 Service revenue 130,700 Repairs expense 23,000 Rent expense 10,000 Salaries expense 72,200 Prepare closing entries. (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.)
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