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Posted: **Thu May 19, 2022 11:46 am**

: Pharoah Lakes Park Is A Private Camping Ground Near The Mount Miguel Recreation Area It Has Compiled The Following Hina 1 (16.82 KiB) Viewed 57 times

: Pharoah Lakes Park Is A Private Camping Ground Near The Mount Miguel Recreation Area It Has Compiled The Following Hina 2 (29.47 KiB) Viewed 57 times

: Pharoah Lakes Park Is A Private Camping Ground Near The Mount Miguel Recreation Area It Has Compiled The Following Hina 3 (33.08 KiB) Viewed 57 times

: Pharoah Lakes Park Is A Private Camping Ground Near The Mount Miguel Recreation Area It Has Compiled The Following Hina 4 (29.05 KiB) Viewed 57 times

Pharoah Lakes Park is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following hinancial information as of December 31, 2022. $137.700 Dividends $10,080 Service revenue (from camping fees) Sales revenue (from general store) Accounts payable 24,300 56,000 12,320 Notes payable Expenses during 2022 Supplies 127.280 Cash 9.520 6,160 Equipment 127,680 Common stock 44.800 Retained earnings (1/1/2022) 5,600
Prepare a retained earnings statement for Pharoah Lakes Park year ended December 31, 2022. (List items that increase retained earnings first.) PHAROAH LAKES PARK Retained Earnings Statement For the Month Ended December 31, 2022 • Retained Earnings, January 1 $ 5600 Add Net Income /(Loss) 34720 29120 Less : Expenses 127280 Net Income/(Loss) 34720
Prepare a balance sheet for Pharoah Lakes Park as of December 31, 2022. (List assets in order of liquidity.) PHAROAH LAKES PARK Balance Sheet For the Year Ended December 31, 2022 Assets Liabilities and Stockholders' Equity Current Assets cash 9520
Liabilities and Stockholders' Equity Current Assets cash 9520 supplies 6160 Total Current Assets 15680 Intangible Assets Equipment 127680 Intangible Assets 127680 Total Assets $ bo