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An analysis of transactions for Pharoah Company, a certified public accounting firm, for the month of August is as follows. Assume that August is
An analysis of transactions for Pharoah Company, a certified public accounting firm, for the month of August is as follows. Assume that August is the company's first month of business. Assets Liabilities + Stockh Accounts Accounts Common Cash + Receivable + Supplies + Equipment = Payable + Stock + Revenues Expen 1. +$15,300 +$15,300 2. -700 +$4,200 +$3,500 3. -850 +$850 4. +4,200 +$3,400 5. -1,100 +$7,600 -1,100 6. -2,400 7. -650 -$6 8. +450 -450 9. -3,800 -3,8 10. +450 -4
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