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Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) PHAROAH COMPANY Balance Sheet Assets $ Liabilities and Stockholders' Equity 16

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Prepare a balance sheet at June 30, 2022. (List assets in order of liquidity.) PHAROAH COMPANY Balance Sheet Assets $ Liabilities and Stockholders' Equity 16 Liabilities and Stockholders' Equity $ 40 On June 1,2022, Pharoah Company was started with an initial investment in the company of $21,250 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2022, and the revenues and expenses for the month of June, its first month of operations: Cash $5,600 Notes payable $14,000 Accounts receivable 4,400 Accounts payable 900 Service revenue 8,500 Supplies expense 1,125 Supplies Maintenance and repairs expense 2,342 690 Advertising expense 400 Utilities expense 210 Equipment 26,800 Salaries and wages expense 1,400 Common stock 21,250 During June, the company issued no additional stock but paid dividends of $1,683

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