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Pharoah Corporation began operations on January 1, 2025. The following information is available for Pharoah on December 31, 2025. Accounts receivable Supplies expense Equipment Rent
Pharoah Corporation began operations on January 1, 2025. The following information is available for Pharoah on December 31, 2025. Accounts receivable Supplies expense Equipment Rent expense Dividends Service revenue Supplies $1,100 Net income /(loss) 2,480 12,880 6,980 2,260 23,100 1,900 Determine net income for 2025. Retained earnings Accounts payable Cash Insurance expense Notes payable Common stock Salaries expense $0 1,500 2,500 980 5,620 8,000 7,140
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