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Information for Pharoak Led follows: 1. On July 6, Pharoah acquired the plant assets of Desbury Company, which had discontinued operations. The property was appraised by a reliable, independent valutor on the date of acquisition as follows Land Bulding-structure Building-HVAC Machinery Total $ 595,000 2,710,000 178.000 727,000 $4,200,000 Pharoah gave 24,000 of its common shares in exchange. The most recent sale of Pharoah's common shares took place last month, when 5.100 shares were sold for Sper share 2. Pharoah had the fortowing cathexpense between Bay and December 15, the date when it first occupied the building Renovations and refurbishments of building $ 103,000 Construction of bases for machinery to be installed later 114.000 Drenays and parking 120.000 Hemodeling of office sa buong, Induding new partitions and was 66.100 Social ment by city on land 24,000 On December 20, Pharoah purchased any for $200,000, subject to the discount and paid height on the machinery of 516,100. The machine was dropped while being red in position, which suited in paying the supplier for repairs on 21.700. The company paid the supplier on the day that the machinery was received and recorded purchase of machinery net of any discount .) Prepare the entries for these transactions on the books of Pareon Lorem repared financiers temas.ccordance was dit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry required, select "No Entry for the accountitles and enter for the amounts) No. Account Titles and Explanation Credit Debit 1 + : . Prepare the entries for these transactions on the books of Pharoah Ltd. Pharoah prepares financial statements in accordance with IFRS. (Credi the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for the No. Account Titles and Explanation Credit Debit 1. 4 . 2. + + (To record purchase of property) 2 (To record purchase of machinery) Information for Pharoah Ltd. follows: 1. On July 6, Pharoah acquired the plant assets of Desbury Company, which had discontinued operations. The property was appraised by a reliable, independent valuator on the date of acquisition as follows: Land Huilding-structure Building-HVAC Machinery Tot $ 585,000 2,710,000 178,000 927.000 $ 4.200,000 Pharoah gave 24,000 of its common shares in exchange. The most recent sale of Pharoah's common shares took place last month, when 5,100 shares were sold for $180 per share 2. Pharoah had the following cash expenses between July 6 and December 15, the data when it first occupied the building: Renovations and refurbishments of building 5 103.000 Construction of bases for machinery to be installed later 134,000 Dways and parking lots 125,000 Hemodelling of office space in building, including new partitions and walls 56.100 Special assessment by city on and 24,900 On December 20, Pharosh purchased machinery for $260,000, subject to a 4 cash discount, and a freight on the machinery of $16, 100. The machine was dropped while being placed in position, which resulted in paying the supplier for mains costing $21,700. The company and the supplier on the day that the machinery was received, and recorded the purchase of machinery net of any discount ) Prepare the entries for these transactions on the books of Pharoah L. Para prepared financial statements in accordance with IFRS. (Credit account tles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, lectory for the account bites and enter for the amounts) No Account Tities and Explanation Debit Credit 1 . + on the day that the machiner (a) Prepare the entries for these transactions on the books of Pharoah Ltd. Pharoah prepares financial statements in accordance with IFRS. (Cre the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account tities and enter o for No. Account Titles and Explanation Debit Credit 1. D . 2 + : # . (To record purchase of property) wdy 2. (To record purchase of machinery) Atte