Utilities Expense Advertising Expense Salaries and Wages Expense Salaries and Wages Payable Accumulated Depr.- Building Cash reciation Expense 1,200 1,400 52,000 950 16,500 46,000 7,600 Prepare a balance sheet in report form for the company as of December 31, 2025. All accounts have normal balances. (List Asse order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)
Utilities Expense Advertising Expense Salaries and Wages Expense Salaries and Wages Payable Accumulated Depr.- Building Cash reciation Expense 1,200 1,400 52,000 950 16,500 46,000 7,600 Prepare a balance sheet in report form for the company as of December 31, 2025. All accounts have normal balances. (List Asse order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:Utilities Expense
Advertising Expense
Salaries and Wages Expense
Salaries and Wages Payable
Accumulated Depr.- Building
Cash
preciation Expense
1,200
1,400
52,000
950
16,500
46,000
7,600
Prepare a balance sheet in report form for the company as of December 31, 2025. All accounts have normal balances. (List Assets.
order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings, and Equipment.)

Transcribed Image Text:Given the following account information for Pharoah Corporation.
Equipment
Interest Expense
Interest Payable
Retained Earnings
Dividends
Land
ccounts Receivable.
Bonds Payable
Notes Payable (due in 6 months)
Common Stock
Accumulated Depreciation - Equipment
Prepaid Advertising
Service Revenue
Buildings
Supplies
Income Taxes Payable
Utilities Expense
60,000
2,300
550
?
41,300
138,000
101,000
76,000
30,000
68,000
12,000
5,100
330,000
79,000
2,000
2,900
1,200
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