Pharoah Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Pharoah Corporation Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2025 $17,300 21,400 20,000 $12,000 74,000 2024 29,100 $11,500 72,000 (15,600) (10,600) $115,100 $123,200 23,700 26,600 72,000 $31,600 68,000 23,600 $115,100 $123,200

Pharoah Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Pharoah Corporation Comparative Balance Sheets December 31 Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total 2025 $17,300 21,400 20,000 $12,000 74,000 2024 29,100 $11,500 72,000 (15,600) (10,600) $115,100 $123,200 23,700 26,600 72,000 $31,600 68,000 23,600 $115,100 $123,200

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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