The following items are taken from the financial statements of Pharoah Co. at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $197,300 23,400 10,900 12,690 84,100 262,900 46,630 7,000 14,300 76,700 498,400 34,300 11.200 95,300 20,420 5,300 16,400 48,400 73,200 5,800

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following items are taken from the financial statements of Pharoah Co. at December 31, 2022.
Land
Accounts receivable
Supplies
Cash
Equipment
Buildings
Land improvements
Notes receivable (due in 2023)
Accumulated depreciation-land improvements
Common stock
Retained earnings (December 31, 2022)
Accumulated depreciation-buildings
Accounts payable
Mortgage payable
Accumulated depreciation-equipment
Interest payable
Income taxes payable
Patents
Investments in stock (long-term)
Debt investments (short-term)
$197,300
23,400
10,900
12,690
84,100
262,900
46,630
7,000
14,300
76,700
498,400
34,300
11,200
95,300
20,420
5,300
16,400
48,400
73,200
5,800
Transcribed Image Text:The following items are taken from the financial statements of Pharoah Co. at December 31, 2022. Land Accounts receivable Supplies Cash Equipment Buildings Land improvements Notes receivable (due in 2023) Accumulated depreciation-land improvements Common stock Retained earnings (December 31, 2022) Accumulated depreciation-buildings Accounts payable Mortgage payable Accumulated depreciation-equipment Interest payable Income taxes payable Patents Investments in stock (long-term) Debt investments (short-term) $197,300 23,400 10,900 12,690 84,100 262,900 46,630 7,000 14,300 76,700 498,400 34,300 11,200 95,300 20,420 5,300 16,400 48,400 73,200 5,800
2:
21
PHAROAH CO.
Balance Sheet
Assets
Liabilities and Stockholders' Equity
Transcribed Image Text:2: 21 PHAROAH CO. Balance Sheet Assets Liabilities and Stockholders' Equity
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