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The following accounts appeared on the trail balance of Pharoah Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $500,000 Accumulated Depreciation -

The following accounts appeared on the trail balance of Pharoah Company at December 31, 2020. Notes Payable (short-term) $185,000 Accounts Receivable $500,000 Accumulated Depreciation - 730,000 Prepaid Insurance 51,000 Bldg. Supplies 42,000 Common Stock 1,225,000 Unappropriated Retained Salaries and Wages Payable 32,000 260,000 Earnings Debt Investments (long-term) 250,000 Inventory 1,681,400 Cash 120,000 Land 450,000 Bonds Payable Due 1/1/2028 1,055,000 Trading Securities 76,000 Allowance for Doubtful Accts. 7,400 Interest Payable 6,000 Copyrights 195,000 Buildings 1,800,000 Notes Receivable (due in 6 140,000 Accounts Payable 500,000 months) Income Taxes Payable 165,000 Additional Paid-in Capital 110,000 Preferred Stock 760,000 Appropriated Retained Earnings 270,000 Compute each of the following: 1. Total current assets 2. Total property, plant, and equipment 3. Total assets 4. Total current liabilities 5. Total stockholders' equity A +A +A +A $ +A $

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