This is the trial balance of Pharoah Company on September 30.PHAROAH COMPANYTrial BalanceSeptember 30, 2022 Debit CreditCash $ 23,830 Accounts Receivable 7,230 Supplies 5,040 Equipment 10,940 Accounts Payable $ 9,430Unearned Service Revenue 4,040Common Stock 19,630Retained Earnings 13,940 $ 47,040 $ 47,040The October transactions were as follows.Oct. 5 Received $ 1,440 in cash from customers for accounts receivable due.10 Billed customers for services performed $ 5,470.15 Paid employee salaries $ 1,260.17 Performed $ 590 of services in exchange for cash.20 Paid $ 1,970 to creditors for accounts payable due.29 Paid a $ 250 cash dividend.31 Paid utilities $ 350.Post to the ledger accounts. (Post entries in the order of information presented in the question.) Post to the ledger T-accounts. (Post entries in the order of journalentries presented in the question)Cash4/14/204,1864/21345/3022444/111.046448)Bal36,179Accounts ReceivableV102.840Bal.2840Supplies4/3Bal.1943Accounts Payable4/31.9431:30442BalUnearned Service Revenue4/111.046Bal.1046Common Stock4/126,910Bal.26.910Service Revenue4/102.8404/20186Bal7:026Salaries and Wages Expense4/302.244Bal.2244Rent Expense4/2 VBal V1345>>

The financial transactions are initially recorded in journal form and then posted in the edger…

Answered: This is the trial balance of Pharoah…

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 1.7C

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Question

This is the trial balance of Pharoah Company on September 30.

PHAROAH COMPANY Trial Balance September 30, 2022
	Debit	Credit
Cash	$ 23,830
Accounts Receivable	7,230
Supplies	5,040
Equipment	10,940
Accounts Payable		$ 9,430
Unearned Service Revenue		4,040
Common Stock		19,630
Retained Earnings		13,940
	$ 47,040	$ 47,040

The October transactions were as follows.

Oct. 5		Received $ 1,440 in cash from customers for accounts receivable due.
10		Billed customers for services performed $ 5,470.
15		Paid employee salaries $ 1,260.
17		Performed $ 590 of services in exchange for cash.
20		Paid $ 1,970 to creditors for accounts payable due.
29		Paid a $ 250 cash dividend.
31		Paid utilities $ 350.