Question
Post to the ledger accounts. ({Use T accounts.) Selected fnancial information for Pharoah Enterprises as at Decermber 31, 2024, follows: Accounts payable $106,200 Land $106,200
Post to the ledger accounts. ({Use T accounts.) Selected fnancial information for Pharoah Enterprises as at Decermber 31, 2024, follows: Accounts payable $106,200 Land $106,200 Accounts receivable 186,100 Licences . 98,900 Accumulated depreciation-building 80,500 Long-term equity investments 46.400 Building 306,900 Mortgage payable 230,200 Cash 17,100 Notes payable 55,600 Goodwill 36,600 Prepaid expenses 7 ,500 Interest payable 17,100 Salaries payable 29,300 J Davis, capital 269,080 Supplies 10,280 Unearned revenue 28,000 Additional information: 1. All accounts have nornal balances. 2. $17 ,800 of the mortgage payable will be paid before December 31, 2025. 3. The notes payable are payable on May 17, 2025.
Prepare a classifned balance sheet.
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