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I cannot figure out the boxes in RED I also do not know if my work is correct at the bottom. These items are taken
I cannot figure out the boxes in RED
I also do not know if my work is correct at the bottom.
These items are taken from the financial statements of Pharoah Company at December 31, 2017 Buildings Accounts receivable Prepaid insurance S135,424 16,128 4,096 15,155 105,472 8,336 Equipment Insurance expense 6,784 3,328 76,800 51,199 58,368 12,160 119,808 23,962 4,608 18,816 Interest expense Common stock Retained eanings (January 1, 2017) Accounts payable Notes payable Interest payable Service revenue Prepare a classified balance sheet. Assume that $17,408 of the note payable will be paid in 2018. (List current assets in order of liquidity and property plant and equipment in order of land, buildings and equipment.)Step by Step Solution
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