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Question 10 of 55 < > Presented below is the trial balance of Pharoah Corporation at December 31, 2025. Debit Credit Cash $201,180 Sales
Question 10 of 55 < > Presented below is the trial balance of Pharoah Corporation at December 31, 2025. Debit Credit Cash $201,180 Sales Revenue $8,104,150 Debt Investments (trading) (at cost, $145,000) 157,150 Cost of Goods Sold 4,800,000 Debt Investments (long-term) 303,180 Equity Investments (long-term) 281,180 Notes Payable (short-term) 94,150 Accounts Payable 459,150 Selling Expenses 2,004,150 Investment Revenue 67,230 Land 264,150 Buildings 1,044,180 Dividends Payable 140,180 Accrued Liabilities 100,150 Accounts Receivable 439,150 Accumulated Depreciation-Buildings 152,000 Allowance for Doubtful Accounts 29,150 Administrative Expenses 904,230 Interest Expense 215,230 Inventory 601,180 Gain 84,230 Notes Payable (long-term) 904,180 Equipment 604,150 Bonds Payable 1,004,180 Accumulated Depreciation-Equipment 60,000 Franchises 160,000
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