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The following information is for Pharoah Inc. for the year ended December 31, 2021: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $22,400 11,200 64,960 1,792 5,600 13,888 68,320 2,688 33,600 3,360

The following information is for Pharoah Inc. for the year ended December 31, 2021: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared Rent expense Service revenue Utilities expense Salaries expense Income tax expense $22,400 11,200 64,960 1,792 5,600 13,888 68,320 2,688 33,600 3,360

FINANCIAL ACCOUNTING
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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The following information is for Pharoah Inc. for the year ended December 31, 2021: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared i Rent expense Service revenue. Utilities expense Salaries expense Income tax expense $22,400 11,200 64,960 1,792 5,600 13,888 68,320 2,688 33,600 3,360
Transcribed Image Text:The following information is for Pharoah Inc. for the year ended December 31, 2021: Common shares, Jan. 1 Common shares issued during year Retained earnings, Jan. 1 Office expense Dividends declared i Rent expense Service revenue. Utilities expense Salaries expense Income tax expense $22,400 11,200 64,960 1,792 5,600 13,888 68,320 2,688 33,600 3,360
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