Weygandt, Financial and Managerial, 3e Help System Announcements Sales Taxes Payable Salaries and Wages Payable FICA Taxes Payable Interest Payable Bonds Payable Mortgage Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Rent Expense Bad Debt Expense Interest Expense Dividends Discount on Bonds Payable 2,600 2,800 500 1,400 13,500 11,000 19,500 13,400 216,900 120,000 44,000 10,000 6,000 2,000 400 500 800 $313,700 $313,700 The notes payable is due on January 10, 2021, and the mortgage notes payable matures in 2026. A principali (al) Your answer is correct. Prepare a multiple-step income statement for the year ending December 31, 2020. PHAROAH COMPANY Income Statement (a3) Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) PHAROAH COMPANY Balance Sheet December 31, 2020 Assets Current Assets Cash Accounts Receivable Add deo Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable (Part -OS 2-c (Part 10-01 10-02 09.(Video) 10.00 110.09 10-12 ew 10-03aa: Bonds Payable Long-term Liabilities Bonds Payable Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Part Total Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work idco). SHOW LIST OF ACCOUNTS LINK TO TEXT -12 Weygandt, Financial and Managerial, 3e Help System Announcements Sales Taxes Payable Salaries and Wages Payable FICA Taxes Payable Interest Payable Bonds Payable Mortgage Notes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold Salaries and Wages Expense Depreciation Expense Rent Expense Bad Debt Expense Interest Expense Dividends Discount on Bonds Payable 2,600 2,800 500 1,400 13,500 11,000 19,500 13,400 216,900 120,000 44,000 10,000 6,000 2,000 400 500 800 $313,700 $313,700 The notes payable is due on January 10, 2021, and the mortgage notes payable matures in 2026. A principali (al) Your answer is correct. Prepare a multiple-step income statement for the year ending December 31, 2020. PHAROAH COMPANY Income Statement (a3) Prepare a classified balance sheet as of December 31, 2020. (List Current Assets in order of liquidity.) PHAROAH COMPANY Balance Sheet December 31, 2020 Assets Current Assets Cash Accounts Receivable Add deo Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Notes Payable (Part -OS 2-c (Part 10-01 10-02 09.(Video) 10.00 110.09 10-12 ew 10-03aa: Bonds Payable Long-term Liabilities Bonds Payable Long-term Liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Part Total Liabilities and Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work idco). SHOW LIST OF ACCOUNTS LINK TO TEXT -12