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Pharoah Company began operations on January 1,2017.The following information is available for Pharoah Company on December 31, 2017. Accounts payable 9,700 Notes payable 16,400 14,700
Pharoah Company began operations on January 1,2017.The following information is available for Pharoah Company on December 31, 2017. Accounts payable 9,700 Notes payable 16,400 14,700 Accounts receivable 6,700 Rent expense Advertising expense 4,160 Retained earnings Cash 7,800 Service revenue 34,400 Common stock 19,700 Supplies 6,600 7,200 Supplies expense 1,540 Dividends Equipment 31,500 Prepare an income statement for Pharoah Company. Pharoah Company Income Statement For the Year Ended December 31,2017 Expenses Income Prepare a retained earnings statement for Pharoah Company. (List items that increase retained earnings first.) Pharoah Company Retained Earnings Statement Prepare a balance sheet for Pharoah Company. (List assets in order of liquidity.) Pharoah Company Balance Sheet Assets Liabilities and Stockholders' Equity
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