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The adjusted trial balance for Pharoahs Animations is presented below. PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 Debit Credit Cash $3,400 Accounts receivable 4,700

The adjusted trial balance for Pharoahs Animations is presented below.

PHAROAH COMPANY Adjusted Trial Balance December 31, 2021

Debit

Credit

Cash

$3,400

Accounts receivable

4,700

Prepaid expenses

2,700

Equipment

49,000

Accumulated depreciationequipment

$18,375

Accounts payable

6,000

Unearned revenue

10,800

M. Pharoah, capital

19,250

M. Pharoah, drawings

17,000

Service revenue

63,200

Rent expense

8,800

Salaries expense

23,600

Supplies expense

2,300

Depreciation expense

6,125
$117,625 $117,625

Prepare an income statement for the year. Mr. Pharoah invested $5,200 cash in the business during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

Prepare a statement of owners equity for the year. Mr. Pharoah invested $5,200 cash in the business during the year. (List items that increase owner's equity first.)

Prepare a classified balance sheet at December 31, 2021. (List Current Assets in order of liquidity.)

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