Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

US Kimmel, Accounting, 7e Help 1 System Announcements S CALCULATOR PRINTER VERSION 4 BACK Exercise 4-23 The adjusted trial balance for Pharoah Company is given

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
US Kimmel, Accounting, 7e Help 1 System Announcements S CALCULATOR PRINTER VERSION 4 BACK Exercise 4-23 The adjusted trial balance for Pharoah Company is given below: Dr. PHAROAH COMPANY Trial Balance August 31, 2022 Before Adjustment Dr. Cr. Cash $11,320 Accounts Receivable 8,310 Supplies 2,910 Prepaid Insurance 4,060 Equipment 16,000 Accumulated Depreciation-Equipment $3,600 Accounts Payable 5,180 Salaries and Wages Payable 0 Unearned Rent Revenue 1,860 Common Stock 15,460 Retained Earnings 5,050 Dividends 2,570 Service Revenue 33,620 Rent Revenue 13,620 Salaries and Wages Expense 16,170 After Adjustment Cr. $11,320 8,840 1,880 2,690 16,000 $4,800 5,180 1,280 1,050 15,460 5,050 2,570 34,150 14,430 17,450 Help System Announcements CALCULATOR PRINTER VERSION s Supplies Prepaid Insurance Equipment Accumulated Depreciation--Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense 2,910 4,060 16,000 $3,600 5,180 0 1,860 15,460 5,050 2,570 33,620 13,620 16,170 0 17,050 0 0 $78,390 $78,390 1,880 2,690 16,000 $4,800 5,180 1,280 1,050 15,460 5,050 2,570 34,150 14,430 17,450 1,030 17,050 1,370 1,200 $81,400 $81,400 ly Prepare the income statement for the year ended August 31. PHAROAH COMPANY Income Statement CALCULATOR PRINTER VERSION Prepare the income statement for the year ended August 31. PHAROAH COMPANY Income Statement PLUS Komel, Accounting, 76 Help System Announcements CALCULATOR PRINTER VERSION

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

identify current issues relating to equal pay in organisations

Answered: 1 week ago