Given the following account information for Pharoah Corporation. Equipment Interest Expense Interest Payable Retained Earnings Dividends Land Accounts Receivable Bonds Payable Notes Payable (due in 6 months) Common Stock Accumulated Depreciation - Equipment Prepaid Advertising Service Revenue Buildings 62,000 2,700 600 ? 56,540 139,000 101,000 76,000 28,000 69,000 12,000 4,800 350,000 79,000
Given the following account information for Pharoah Corporation. Equipment Interest Expense Interest Payable Retained Earnings Dividends Land Accounts Receivable Bonds Payable Notes Payable (due in 6 months) Common Stock Accumulated Depreciation - Equipment Prepaid Advertising Service Revenue Buildings 62,000 2,700 600 ? 56,540 139,000 101,000 76,000 28,000 69,000 12,000 4,800 350,000 79,000
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter8: Liabilities And Stockholders' Equity
Section: Chapter Questions
Problem 8.1.2MBA
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Question
![Supplies
Income Taxes Payable
Utilities Expense
Advertising Expense
Salaries and Wages Expense
Salaries and Wages Payable
Accumulated Depr.- Building
Cash
Depreciation Expense
1,700
3,000
1,500
1,500
50,000
940
14,500
46,000
8,300
Prepare a balance sheet in report form for the company as of December 31, 2025. All accounts have normal balances. (List Assets in
order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42077dd4-5a93-4885-bc7c-dca1203ecd7a%2F5786fa45-9001-4541-acb2-26c40bef6f35%2Fgk0gzjs_processed.png&w=3840&q=75)
Transcribed Image Text:Supplies
Income Taxes Payable
Utilities Expense
Advertising Expense
Salaries and Wages Expense
Salaries and Wages Payable
Accumulated Depr.- Building
Cash
Depreciation Expense
1,700
3,000
1,500
1,500
50,000
940
14,500
46,000
8,300
Prepare a balance sheet in report form for the company as of December 31, 2025. All accounts have normal balances. (List Assets in
order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)
![Given the following account information for Pharoah Corporation.
Equipment
Interest Expense
Interest Payable
Retained Earnings
Dividends
Land
Accounts Receivable
Bonds Payable
Notes Payable (due in 6 months)
Common Stock
Accumulated Depreciation - Equipment
Prepaid Advertising
Service Revenue
Buildings
62,000
2,700
600
?
56,540
139,000
101,000
76,000
28,000
69,000
12,000
4,800
350,000
79,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F42077dd4-5a93-4885-bc7c-dca1203ecd7a%2F5786fa45-9001-4541-acb2-26c40bef6f35%2Fe6uu7gk_processed.png&w=3840&q=75)
Transcribed Image Text:Given the following account information for Pharoah Corporation.
Equipment
Interest Expense
Interest Payable
Retained Earnings
Dividends
Land
Accounts Receivable
Bonds Payable
Notes Payable (due in 6 months)
Common Stock
Accumulated Depreciation - Equipment
Prepaid Advertising
Service Revenue
Buildings
62,000
2,700
600
?
56,540
139,000
101,000
76,000
28,000
69,000
12,000
4,800
350,000
79,000
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