Stunning Pharoah Company Balance Sheet
List Property Plant and Equipment in order of Land Buildings Equipment and Land Improvements.
Pharoah company balance sheet. During its first year of operations Pharoah Company had credit sales of 2751000 of which 366200 remained uncollected at year-end. The credit manager estimates that 19200 of these receivables will become uncollectible. Assume that 28300 of the note payable will be paid in 2021.
On June 1 2022 Pharoah Company was started with an initial investment in the company of 21450 cash. Assume that 9900 of the mortgage payable will be paid in 2023. Salaries and wages payable.
List Property Plant and Equipment in order of Land Buildings and Equipment. Pharoah Company 2017 Sunland Company 2017 Net sales 2628000 905200 Cost of goods sold 1715500 496400 Operating expenses 413180 143080 Interest expense 56348 13140 124 100 Income tax expense 52 560 197736 Current assets 455000 776720 Plant assets inet 204003 96835 49225 Current liabilities 158410 59399 201480 52560 Long-term liabilities Net cash provided by operating. List Current Assets in order of liquidity.
Pharoah Company issued 480000 15-year 6 bonds at 99. Pharoah Distributing Company Balance Sheet December 31 2020 Assets Current Assets Cash Accounts Receivable Inventory Supplies Total Current Asstes Property Plant and Equipment Equipment Less. Prepare a classified balance sheet.
Allowance For Doubtful Accounts 7180 86520 127280 Inventory 156960 Prepaid Expenses. PHAROAH COMPANY BALANCE SHEET PARTIAL DECEMBER 31 2017 Cash 40900 Accounts Payable 62500 Accounts Receivable 93700 Notes Payable 64780 Less. PHAROAH CORPORATION BALANCE SHEETS Net income of 46200 was reported and dividends of 34530 were paid in 2020.
Cash and cash equivalents. Prepare a classified balance sheet. A Prepare a statement of cash flows for the year 2020Show amounts that decrease cash flow with either a - sign eg.