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These items are taken from the financial statements of Pharoah Corporation for the year ended...

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Accounting

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These items are taken from the financial statements of Pharoah Corporation for the year ended December 31, 2024: Additional information: 1. Pharoah started the year with $72,000 of common shares and issued $24,000 of common shares during the year. 2. Pharoah must pay $8,800 of the bank loan payable in 2025 . Prepare a statement of financial position at December 31, 2024. (List Current Assets in order of liquidity. List Property, Plant, and Equipment in order of Land, Buildings and Equipment.) PHAROAH CORPORATION Statement of Financial Position Year Ended December 31, 2024 Assets $ $ $ $ Liabilities and Shareholders' Equity $ $ > >> >> >> >>

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