Question: Current Attempt in Progress Selected financial information for Pharoah as at December 31, 2021, follows: Accounts payable $208,000 Land $103,000 Accounts receivable 190,000 Licences 58,000




Current Attempt in Progress Selected financial information for Pharoah as at December 31, 2021, follows: Accounts payable $208,000 Land $103,000 Accounts receivable 190,000 Licences 58,000 Accumulated depreciation-building 75.000 Long-term equity investments 47,000 Building 255,000 Mortgage payable 233,000 Cash 15,500 Notes payable 54,000 Goodwill 37,000 Prepaid expenses 6,900 Interest payable 17,000 Salaries payable 28,500 J. Chrowder, capital 81,400 Supplies 11,000 Unearned revenue 26,500 Additional information: 1. All accounts have normal balances. 2. $17,000 of the mortgage payable will be paid before December 31, 2022. 3. The notes payable are payable on May 17, 2022. (a) PHAROAH Balance Sheet December 31, 2021 Assets urrent Assets ash $ ccounts Receivable upplies > $ $ $ Liabilities and Owner's Equity $ > S > SC
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