Prepare a comparative balance sheet of Pharoah Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e,g. 2.25%.) PHAROAH COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Assets 2021 2020 Cash $178,600 $274,000 Accounts 220,900 155,100 receivable (net) Short-term 272,700 150,900 investments Inventories 1,062,500 985,400 Prepaid 24,700 24,700 expenses Plant and 2,578,600 1,957,600 equipment Accumulated (995,300 ) (748,600 ) depreciation Total $3,342,700 $2,799,100 Liabilities and Stockholders' Equity Accounts $50,100 $74,600 payable Accrued 169,000 199,400 expenses Bonds payable 448,900 189,100 Capital stock 2,095,300 1,785,200 Retained 579,400 550,800 earnings Total $3,342,700 $2,799,100

Prepare a comparative balance sheet of Pharoah Company showing the percent each item is of the total assets or total liabilities and stockholders' equity. (Round percentages to 2 decimal places, e,g. 2.25%.) PHAROAH COMPANY Comparative Balance Sheet December 31, 2021 and 2020 December 31 Assets 2021 2020 Cash $178,600 $274,000 Accounts 220,900 155,100 receivable (net) Short-term 272,700 150,900 investments Inventories 1,062,500 985,400 Prepaid 24,700 24,700 expenses Plant and 2,578,600 1,957,600 equipment Accumulated (995,300 ) (748,600 ) depreciation Total $3,342,700 $2,799,100 Liabilities and Stockholders' Equity Accounts $50,100 $74,600 payable Accrued 169,000 199,400 expenses Bonds payable 448,900 189,100 Capital stock 2,095,300 1,785,200 Retained 579,400 550,800 earnings Total $3,342,700 $2,799,100

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Description: Prepare a comparative balance sheet of Pharoah Company showing the percent each item is of the total assets or totalliabilities and stockholders' equity. (Round percentages to 2 decimal places, eg. 2.25%.)PHAROAH COMPANYComparative Balance SheetDece

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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