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The trail balance for Pharoah Company is shown below The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2020
The trail balance for Pharoah Company is shown below
The trial balance for Pharoah Company is shown below. Pharoah Company Trial Balance October 31, 2020 Debit Credit $14,000 Cash Supplies 2,900 Prepaid Insurance 500 Equipment 4,000 $4,200 Notes Payable Accounts Payable 2,000 Unearned Service Revenue 1,400 8,100 Common Stock Retained Earnings -0- Dividends 700 Service Revenue 11,500 Salaries and Wages Expense 4,200 900 Rent Expense $27,200 $27,200 Assume the following adjustment data. 1. Supplies on hand at October 31 total $700. Expired insurance for the month is $300. 2. Depreciation for the month is $80. 3. Services related to unearned service revenue in October worth $500 were performed 4. Services performed but not recorded at October 31 are $400. 5. Interest accrued at October 31 is $90. 6. Accrued salaries at October 31 are $1,30O. 7. Prepare the adjusting entries for the items above assuming financial statements are computed each month. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit Oct. 31 1 e l 2. Oct. 31 3. Oct. 31 4 Oct. 31 5. Oct. 31 6 Oct. 31 7. Oct. 31Step by Step Solution
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