Question
Additional Problem 5 The following information is taken from the partial trial balance of Pharoah Corporation for the year ended September 30, 2020: Accounts payable
Additional Problem 5
The following information is taken from the partial trial balance of Pharoah Corporation for the year ended September 30, 2020:
Accounts payable | $ | 198,800 | ||
Accounts receivable | 208,900 | |||
Dividends payable | 11,400 | |||
Accumulated other comprehensive income | 12,400 | |||
Bonds payable | 2,480,000 | |||
Contributed surplus | 32,200 | |||
Gain on disposal of equipment | 4,500 | |||
Income taxes payable | 24,700 | |||
Prepaid expenses | 13,100 | |||
Salaries and wages payable | 20,700 |
Prepare the current liabilities section of the statement of financial position.
Pharoah Corporation Statement of Financial Position (Partial) For the Year Ended September 30, 2020As at September 30, 2020For the Month Ended September 30, 2020 | ||
Total Intangible AssetsCurrent LiabilitiesTotal Current LiabilitiesTotal LiabilitiesLong-Term LiabilitiesProperty, Plant and EquipmentTotal AssetsTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal Current AssetsTotal Liabilities and Shareholders' EquityTotal Property, Plant and EquipmentShareholders' EquityTotal Shareholders' EquityIntangible AssetsCurrent AssetsLong-Term Investments | ||
$ | ||
Total Liabilities and Shareholders' EquityTotal Long-Term InvestmentsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Long-Term LiabilitiesCurrent LiabilitiesCurrent AssetsShareholders' EquityTotal Intangible AssetsIntangible AssetsLong-Term LiabilitiesTotal AssetsProperty, Plant and EquipmentTotal Property, Plant and EquipmentTotal Shareholders' EquityLong-Term Investments | $ |
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