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Question 11 On July 9, 2021, Pharoah Enterprises Inc, discovered it had recorded the $69,000...

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Question 11 On July 9, 2021, Pharoah Enterprises Inc, discovered it had recorded the $69,000 purchase of land as legal expense on November 8, 2020. The company had reported retained earnings of 5527,500 at its previous year end. December 31, 2020 During 2021, Pharoah had profit of $170,000 and it declared and paid cash dividends of $190,000. Pharoah has a 25 income tax rate (a) Prepare the journal entry to correct the error. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. It ne entry is required to Entry for the account tities and enter for the amount) Det Credit Date Account Tities and Explanation (To record correction of me LINE TO TEXT By accessing this Question Assistance, you will leam while you can points based on the point Potential policy set by your instructor Attempts of 15 used SAVE POR LATER SUBMIT

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