Pharoah Company began operations on January 1, 2017. The following information is available for Pharoah Company...

 

 

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Pharoah Company began operations on January 1, 2017. The following information is available for Pharoah Company on December 31, 2017. Accounts payable $9,700 Notes payable $16,400 Accounts receivable 6,700 Rent expense 14,700 Advertising expense 4,160 Retained earnings ? Cash 7,800 Service revenue 34,400 Common stock 19,700 Supplies 6,600 Dividends 7,200 Supplies expense 1,540 Equipment 31,500 Prepare an income statement for Pharoah Company. Pharoah Company Income Statement For the Year Ended December 31, 2017 Expenses Income 2$ $ $4 Prepare a retained earnings statement for Pharoah Company. (List items that increase retained earnings first.) Pharoah Company Retained Earnings Statement 2$ $ Prepare a balance sheet for Pharoah Company. (List assets in order of liquidity.) Pharoah Company Balance Sheet Assets 2$ $ Liabilities and Stockholders' Equity 2$ $ $ Pharoah Company began operations on January 1, 2017. The following information is available for Pharoah Company on December 31, 2017. Accounts payable $9,700 Notes payable $16,400 Accounts receivable 6,700 Rent expense 14,700 Advertising expense 4,160 Retained earnings ? Cash 7,800 Service revenue 34,400 Common stock 19,700 Supplies 6,600 Dividends 7,200 Supplies expense 1,540 Equipment 31,500 Prepare an income statement for Pharoah Company. Pharoah Company Income Statement For the Year Ended December 31, 2017 Expenses Income 2$ $ $4 Prepare a retained earnings statement for Pharoah Company. (List items that increase retained earnings first.) Pharoah Company Retained Earnings Statement 2$ $ Prepare a balance sheet for Pharoah Company. (List assets in order of liquidity.) Pharoah Company Balance Sheet Assets 2$ $ Liabilities and Stockholders' Equity 2$ $ $

Answer rating: 100% (QA)

Income Statement For the year ended December 312017 Revenues Service reven... View the full answer