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Prepare the current assets section of the statement of financial position for Pharoah Retail, assuming that in addition to the receivables it has cash of
Prepare the current assets section of the statement of financial position for Pharoah Retail, assuming that in addition to the receivables it has cash of R$88,000, merchandise inventory of R$180,000, and supplies of R$14,000. (List Current Assets in reverse order of liquidity.) PHAROAH COMPANY Balance Sheet (Partial) Current Assets Cash R$ = Supplies Accounts Receivable R$ $ 450000 no la Less : Allowance for Doubtful Accounts 24600 i Inventory Total Current Assets R$ Prepare the current assets section of the statement of financial position for Pharoah Retail, assuming that in addition to the receivables it has cash of R$88,000, merchandise inventory of R$180,000, and supplies of R$14,000. (List Current Assets in reverse order of liquidity.) PHAROAH COMPANY Balance Sheet (Partial) R$ R$ 88000 14000 vable R$ R$ 450000 owance for Doubtful Accounts 24600 i 425400 180000 ssets
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