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1 3 4. Pharoah Co provides music lessons to many clients across the city. The following information is available to be used in recording annual adjusting entries at the company's September 30,2021. year end: On October 1, 2020, the company had a balance of $2,180 in its supplies account. Additional supplies were purchased during the year totalling $1.880. The supplies inventory on September 30, 2021. amounts to $780. 2 On November 1, 2020, Pharoah purchased a one-year insurance policy for $3420 On January 2 2021. a clierit paid $1.620 for six months of lessons starting April 2. 2021. On February 1.2021, Pharoah purchased a grand piano (to be used in music lesson) for 25 200. The piano's estimated useful life is 14 years 5. On May 1, 2021. Pharoah borrowed $29,160 from the bank and signed a 10-month, 8% note payable Interest and principal are to be paid at maturity On August 1, 2021. Pharoah signed a contract with a neighbourhood school to provide weekly piano lessons to some of its students for a fee of $1,820 per month. The contract called for lessons to start on September 1, 2021. The school has not yet been sent an invoice for the month of September On August 15, 2021, the company paid $10.710 to Pinnacle Holdings to rent additional studio space for nine months starting September 1. Pharoah recorded the full payment as Prepaid Rent 6 7 2203 9. Pharoah's instructors have earned salaries of $3.000 for the last week of September 2021. This amount will be paid to the Instructors on the next payday, October 6, 2021 Music lessons were provided to a local church group for $1,320 on September 30,2021. Pharoah has not yet invoiced the group or recorded the transaction In early October 2021. Pharoah received an invoice for $840 from the utility company for September utilities. The amount has not yet been recorded or paid 10 Prepare the adjusting journal entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to the nearest whole dollardeg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts) Credit Date Debit Account Titles and Explanation No. 1 Sept 30 2204 TING

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