Pharoah Company compiled the following financial information as of December 31, 2025; Service revenue $846,000...
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Accounting
Pharoah Company compiled the following financial information as of December 31, 2025; Service revenue $846,000 Common stock 189000 Equipment 234000 Operating expenses 729000 Cash 206000 Dividends 56000 Supplies 35000 Accounts payable 108000 Accounts receivable 89500 Retained earnings 1/1/2025 206500
Pharoah's retained earnings balance on December 31,2025 is
A. $35000
B. $267500
C. $323500
D. $206500
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