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Please answer Sale of Building and Sale of Equipment SHOWING all steps so I know how to recreate it. Thanks so much. Preferably ASAP Pharoah

image text in transcribedimage text in transcribed Please answer Sale of Building and Sale of Equipment SHOWING all steps so I know how to recreate it. Thanks so much. Preferably ASAP

Pharoah Inc. is a private company reporting under ASPE. The following selected account balances were reported in Pharoah Inc.'s financial statements at year end: Additional information: 1. Purchased $85,500 of equipment for $11,400 cash and a note payable for the remainder. 2. Equipment was also sold during the year. 3. Sold a building that originally cost $57,000. 4. Used cash to purchase land and a building. 5. Mortgage payments and notes payable payments included interest and principal amounts. 6. Common shares were issued for cash. (a) - Your answer is partially correct. sistance Used

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