Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find the boxes that are empty Accounts receivable $2,300 Cash $6,210 Accounts payable 3,700 Supplies 3,790 Interest payable 640 Unearned service revenue 810 Salaries and

Find the boxes that are empty

image text in transcribedimage text in transcribed
Accounts receivable $2,300 Cash $6,210 Accounts payable 3,700 Supplies 3,790 Interest payable 640 Unearned service revenue 810 Salaries and wages expense 5,300 Salaries and wages payable 890 Notes payable 32,000 Depreciation expense 720 Common stock 60,900 Equipment (net) 110,500 Inventory 2,800 Using the information above, prepare a balance sheet as of December 31,2022. (Hint: Solve for the missing retained earnings amount after rst determining total assets and total liabilities.) (List assets in order of liquidity.) Pharoah Company Balance Sheet December 31, 2022 V Assets Cash 35 6,210 Accounts Receivable I 2,300 % Total Assets V $ Liabilities and Stockholders' Equity Liabilities V Notes Payable $ 32,000 Accounts Payable 3,700 Unearned Service Revenue 810 Salaries and Wages Payable 890 Interest Payable 640 Total Liabilities v $ 38040 Stockholders' Equity V Common Stock 60,900 Retained Earnings Total Stockholders' Equity V Total Liabilities and Stockholders' Equity V $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Core Concepts Of Accounting

Authors: Leslie Breitner, Robert Anthony

11th Edition

0133125947, 9780133125948

More Books

Students also viewed these Accounting questions