Current Attempt in Progress Presented below is information related to Pharoah Co. owned by D. Davis, for the month of January 2024. Prepare the necessary adjusting entry for inventory. (Credit account tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts, List debit entry before credit entry) Prepare the necessary closing entries. D. Davis did not withdraw any cash during the month of January. (Credit occount tilles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the occount titles. and enter O for the amounts. List all debit entries before credit entries.) (To close income statement accounts with debit balances) sin31 (Toclose income Summary account.)