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FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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C Home - my.centennialcollege.ca X DEL Chapter 4 Lab Assignment - 23W X
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Assignment (001 22F)
Question 5 of 7 <
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Salaries payable
Salaries expense
These financial statement items are for Pharoah Company at year end, July 31, 2024.
Utilities expense
Equipment
Accounts payable
Service revenue
Rent revenue
>
(a1)
$2,120
49,100
21,300
34.490
Notes payable (long-term)
62,200
Cash
Accounts receivable
Accumulated depreciation-equipment
4,030 D. Pharoah, drawings
Depreciation expense
8,800 D. Pharoah, capital (beginning of the year)
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$1,720
13,000
9,700
6,050
2,980
3,950
Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding
parentheses e.g. (45).)
49,600
Transcribed Image Text:Search C Home - my.centennialcollege.ca X DEL Chapter 4 Lab Assignment - 23W X //education.wiley.com/was/ui/v2/assessment-player/index.html?launchid=04b006d1-1c34-41d2-89b2-ce00ad6b400d#/que X Assignment (001 22F) Question 5 of 7 < View Policies Current Attempt in Progress Salaries payable Salaries expense These financial statement items are for Pharoah Company at year end, July 31, 2024. Utilities expense Equipment Accounts payable Service revenue Rent revenue > (a1) $2,120 49,100 21,300 34.490 Notes payable (long-term) 62,200 Cash Accounts receivable Accumulated depreciation-equipment 4,030 D. Pharoah, drawings Depreciation expense 8,800 D. Pharoah, capital (beginning of the year) NWP Assessment Builder Q Search J $1,720 13,000 9,700 6,050 2,980 3,950 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding parentheses e.g. (45).) 49,600
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