These financial statement items are for Pharoah Company at year-end, July 31, 2020.Salaries and wages payable$1,700Notes payable (long-term)$1,700Salaries and wages expense51,800Cash13,400Utilities expense22,500Accounts receivable9,500Equipment29,100Accumulated depreciation-equipment6,300Accounts payable4,500Owner's drawings3,800Service revenue61,100Depreciation expense4,500Rent revenue8,700Owner's Capital (beginning of the year)50,600 PHAROAH COMPANYBalance SheetAssets$Liabilities and Owner's Equity$e Week 4 - Homework: Chapter 44 of 5>-/ 5.6I!!

Balance sheet which States the Financial Health of the company, If the Financial Health is Stronger…

Answered: PHAROAH COMPANY Balance Sheet Assets

Business

Accounting

PHAROAH COMPANY Balance Sheet Assets

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

These financial statement items are for Pharoah Company at year-end, July 31, 2020.
Salaries and wages payable
$1,700
Notes payable (long-term)
$1,700
Salaries and wages expense
51,800
Cash
13,400
Utilities expense
22,500
Accounts receivable
9,500
Equipment
29,100
Accumulated depreciation-equipment
6,300
Accounts payable
4,500
Owner's drawings
3,800
Service revenue
61,100
Depreciation expense
4,500
Rent revenue
8,700
Owner's Capital (beginning of the year)
50,600

PHAROAH COMPANY
Balance Sheet
Assets
$
Liabilities and Owner's Equity
$
e Week 4 - Homework: Chapter 4
4 of 5
>
-/ 5.6
I!!

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