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

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

Name: Prepare an income statement for the year. The owner did not make any
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Description: Prepare an income statement for the year. The owner did not make any new investments duringthe year. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).)PHAROAH COMPANYIncome Statement$$$ These

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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