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need help with this accounting table The trial balance of Pharoah Company contained the following accounts at November 30, the end of the company's fiscal
need help with this accounting table
The trial balance of Pharoah Company contained the following accounts at November 30, the end of the company's fiscal year. Credit Pharoah Company Trial Balance November 30, 2020 Debit Cash $ 8,100 Accounts Receivable 28,300 Inventory 45.000 Supplies 6,000 Equipment 135,000 Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 10,000 Sales Revenue Sales Returns and Allowances 8,700 Cost of Goods Sold 497,200 Salaries and Wages Expense 140,000 Advertising Expense 24,300 Utilities Expense 13,600 Maintenance and Repairs Expense 11,800 Freight-Out 16,600 Rent Expense 24,100 Totals $968,700 $ 25,000 51,000 36,700 60,000 40.000 756,000 $968,700 Prepare a classified balance sheet as of November 30, 2020. Notes payable of $18,000 are due in January 2021. (List Current Assets in order of liquidity) Pharoah Company Balance Sheet For the Quarter Ended November 30, 2020 Assets Current Assets Cash $ 8,100 Accounts Recevable 28,300 Inventory 45000 Supplies 6,000 Total Current Assets $ Property, plant and Equipment Equipment 135,000 Less V Accumulated Depreciation-Equipment 37500 Total Assets $ Liabilities and Stockholders' Equity Current Llabilities Accounts Payable $ 36,700 Interest Payable 4,000 Notes Payable Total Current Liabilitles $ Long-term LlabilitlesStep by Step Solution
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