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retained earning statement and everything else please The Pharoah Company is located in midtown Madison. During the past several years, net income has been declining
retained earning statement and everything else please
The Pharoah Company is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022. the following accounts appeared in two of its trial balances. All accounts balances are normal. Unadjusted Adjusted Unadjusted $25,200 $25,200 Inventory $29,000 Adjusted $29.000 37,000 Accounts Payable Accounts Receivable Accumulated Depr.- Equipment 30,500 37.000 30,500 10,400 Notes payable Prepaid Insurance Property Tax Expense 3,100 34,500 44,000 Cash 2,500 26,000 26,000 Common Stock 35,500 35,500 2.500 Property Taxes Payable 15,000 506,500 15.000 506,500 Rent Expense Cost of Goods Sold 10,000 61,700 61,700 Retained Earnings 10,000 Dividends 6.300 6,300 Salaries and Wages Expense 95,700 95,700 147,000 147,000 11,000 Sales Commissions Expense 6.500 Freight-Out Equipment Depreciation Expense 9,500 4,500 Sales Commissions Payable 7,300 Sales Returns and Allowances 7200 7,200 Insurance Expense 700,000 6,300 700,000 6,300 Sales Revenue Interest Expense 8,500 11,000 8,500 Utilities Expense 11,000 Interest Revenue Step by Step Solution
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