Question: The adjusted trial balance for Pharoah's Animations is presented below. PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 Credit Cash Accounts receivable Prepaid expenses Equipment





The adjusted trial balance for Pharoah's Animations is presented below. PHAROAH COMPANY Adjusted Trial Balance December 31, 2021 Credit Cash Accounts receivable Prepaid expenses Equipment Accumulated depreciation-equipment $16,500 Accounts payable 5,300 Unearned revenue 10,000 M. Pharoah, capital 14,000 M. Pharoah, drawings Service revenue 65,600 Rent expense Salaries expense Supplies expense Depreciation expense $111,400 Debit $3,700 4,500 2,500 44,000 16,000 8.500 24.800 5,500 > Prepare a classified balance sheet at December 31, 2021 (List Current Assets in order of liquidity) PHAROAH COMPANY Balance Sheet Assets $ $ V 4 Liabilities and Owner's Equity e Textbook and Media Liabilities and Owner's Equity
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