Current Attempt in Progress prepare an equation analysis of the effects of the following transactions on the accounting equation for Pharoah Corp. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Purchased supplies on account, $250. Provided a service on account, $550. Paid salaries expense, $350. Issued common shares in exchange for cash, $4,500. Declared and paid $150 of dividends to shareholders. Received cash from a customer who had previously been billed for services provided, $550 (see item 2). Paid account owed to supplier on account, $250 (see item 1). Paid for insurance in advance, $150. Received cash in advance from a customer for services to be performed in the future, $350. Performed the service that the customer previously paid for (see item 9).

prepare an equation analysis of the effects of the following transactions on the accounting equation for Pharoah Corp. 1. Purchased supplies on account, $250. 2. Provided a service on account, $550. 3. Paid salaries expense, $350. 4. 1ssued common shares in exchange for cash, $4,500. 5. Declared and paid $150 of dividends to shareholders. 6. Received cash from a customer who had previously been billed for services provided, $550 (see item 2 ). 7. Paid account owed to supplier on account, $250 (see item 1 ). 8. Paid for insurance in advance, $150. 9. Received cash in advance from a customer for services to be performed in the future, $350. 10. Performed the service that the customer previously paid for (see item 9). Accounts saction Prepaid Insurance 1. 5 2. 3. 4. 5. 6. 7. 9