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The accounting equation for Pharoah Company is as follows: Assets   Liabilities   Stockholders' Equity $119200 = $59600 + $59600 If Pharoah purchases office equipment on account for $26200, the accounting equation will change to   Assets Liabilities Stockholders' Equity       $145400 = $72700   + $72700   $119200 = $59600   + $59600   $145400 = $59600   + $85800   $145400 = $85800   + $59600

The accounting equation for Pharoah Company is as follows: Assets   Liabilities   Stockholders' Equity $119200 = $59600 + $59600 If Pharoah purchases office equipment on account for $26200, the accounting equation will change to   Assets Liabilities Stockholders' Equity       $145400 = $72700   + $72700   $119200 = $59600   + $59600   $145400 = $59600   + $85800   $145400 = $85800   + $59600

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter1: Accounting As A Form Of Communication
Section: Chapter Questions
Problem 1.5E: The Accounting Equation Using the accounting equation, answer each of the following independent...
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The accounting equation for Pharoah Company is as follows:

Assets   Liabilities   Stockholders' Equity
$119200 = $59600 + $59600


If Pharoah purchases office equipment on account for $26200, the accounting equation will change to

  Assets Liabilities Stockholders' Equity

 

 

 
$145400 = $72700   + $72700

 
$119200 = $59600   + $59600

 
$145400 = $59600   + $85800

 
$145400 = $85800   + $59600
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