On September 1, Pharoah Company has the following accounts and account balances: Cash $14,600, Accounts Receivable...

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On September 1, Pharoah Company has the following accounts and account balances: Cash $14,600, Accounts Receivable $1,680, Supplies $1,600, Accounts Payable $840, Unearned Revenue $1,340, Owner's Capital $13,440, Service Revenue $3,440, and Salaries Expense $1,180 During the month of September, the bookkeeper for Pharoah Company prepared the following journal entries: 1. 2. 3. 4. 5. 6. Cash Service Revenue (To record cash received from services performed.) Salaries Expense Cash (Paid salaries to date.) Accounts Payable Cash (Paid creditors on account.) Cash Accounts Receivable (Received cash in payment of account.) Unearned Revenue Service Revenue (Provided services.) Supplies Accounts Payable (To record supplies purchased on account.) 1,010 590 170 840 1,010 840 1,010 590 170 840 1,010 840 Your answer is partially correct. Create T accounts and post the opening balances. Sept. 1 Sept. 1 Sept. 1 Sept. 1 Sept. 1 Sept. 1 14600 1680 Accounts Receivable 1600 Cash Supplies 1180 (1) 840 (4) Salaries Expense 1340 Sept. 30 Bal. Accounts Payable (2) Sept. 30 Bal. Unearned Revenue (5) ✓ 15610 840 760 1770 1510 330 Sept. 1 Sept. 1 Sept. 1 Unearned Revenue 1340 Owner's Capital 13440 (5) 3440 Sept. 30 Bal. Service Revenue Sept. 30 Bal. 330 13440 5460 On September 1, Pharoah Company has the following accounts and account balances: Cash $14,600, Accounts Receivable $1,680, Supplies $1,600, Accounts Payable $840, Unearned Revenue $1,340, Owner's Capital $13,440, Service Revenue $3,440, and Salaries Expense $1,180 During the month of September, the bookkeeper for Pharoah Company prepared the following journal entries: 1. 2. 3. 4. 5. 6. Cash Service Revenue (To record cash received from services performed.) Salaries Expense Cash (Paid salaries to date.) Accounts Payable Cash (Paid creditors on account.) Cash Accounts Receivable (Received cash in payment of account.) Unearned Revenue Service Revenue (Provided services.) Supplies Accounts Payable (To record supplies purchased on account.) 1,010 590 170 840 1,010 840 1,010 590 170 840 1,010 840 Your answer is partially correct. Create T accounts and post the opening balances. Sept. 1 Sept. 1 Sept. 1 Sept. 1 Sept. 1 Sept. 1 14600 1680 Accounts Receivable 1600 Cash Supplies 1180 (1) 840 (4) Salaries Expense 1340 Sept. 30 Bal. Accounts Payable (2) Sept. 30 Bal. Unearned Revenue (5) ✓ 15610 840 760 1770 1510 330 Sept. 1 Sept. 1 Sept. 1 Unearned Revenue 1340 Owner's Capital 13440 (5) 3440 Sept. 30 Bal. Service Revenue Sept. 30 Bal. 330 13440 5460

Answer rating: 100% (QA)

SrNo1 Cash Date Particulars Amount Date Particulars Amount 01Sep Opening Balance 14600 Salaries Expe... View the full answer