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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 - Bldg. 730,000 Prepaid Insurance 51,000 Supplies 42,000 Common Stock 1,225,000 Salaries and Wages Payable 32,000 Unappropriated Retained Earnings 260,000 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 months) 140,000 Accounts Payable 500,000 Income Taxes Payable 165,000 Additional Paid-in Capital 110,000 Preferred Stock 760,000 Appropriated Retained Earnings 270,000 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 $
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