Question: Additional Problem 5 The following information is taken from the partial trial balance of Pharoah Corporation for the year ended September 30, 2020: Accounts payable
Additional Problem 5
The following information is taken from the partial trial balance of Pharoah Corporation for the year ended September 30, 2020:
| Accounts payable | $ | 198,800 | ||
| Accounts receivable | 208,900 | |||
| Dividends payable | 11,400 | |||
| Accumulated other comprehensive income | 12,400 | |||
| Bonds payable | 2,480,000 | |||
| Contributed surplus | 32,200 | |||
| Gain on disposal of equipment | 4,500 | |||
| Income taxes payable | 24,700 | |||
| Prepaid expenses | 13,100 | |||
| Salaries and wages payable | 20,700 |
Prepare the current liabilities section of the statement of financial position.
| Pharoah Corporation Statement of Financial Position (Partial) For the Year Ended September 30, 2020As at September 30, 2020For the Month Ended September 30, 2020 | ||
| Total Intangible AssetsCurrent LiabilitiesTotal Current LiabilitiesTotal LiabilitiesLong-Term LiabilitiesProperty, Plant and EquipmentTotal AssetsTotal Long-Term InvestmentsTotal Long-Term LiabilitiesTotal Current AssetsTotal Liabilities and Shareholders' EquityTotal Property, Plant and EquipmentShareholders' EquityTotal Shareholders' EquityIntangible AssetsCurrent AssetsLong-Term Investments | ||
| $ | ||
| Total Liabilities and Shareholders' EquityTotal Long-Term InvestmentsTotal Current AssetsTotal Current LiabilitiesTotal LiabilitiesTotal Long-Term LiabilitiesCurrent LiabilitiesCurrent AssetsShareholders' EquityTotal Intangible AssetsIntangible AssetsLong-Term LiabilitiesTotal AssetsProperty, Plant and EquipmentTotal Property, Plant and EquipmentTotal Shareholders' EquityLong-Term Investments | $ | |
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