. The balances of accounts for Rose Merchandising Company for year ended December 31, 2022, in...
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. The balances of accounts for Rose Merchandising Company for year ended December 31, 2022, in alphabetic order are as follows. Accounts Payable Accounts Receivable Accumulated Depreciation- Build Accumulated Depreciation- Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Equip Building 17,750 Bonds Payable (due in 10 year) 3,000 Cash Payable Interest 635 Expense Interest Revenue 400 750 390 900 15,000 3,750 600 225 4,880 175 130 100 175 Land Long-term Investment Loss on disposal of assets Merchandise Inventory Notes Payable (5-year note) Patent Retained Earnings, as of Jan. 1st Salaries and Wages Expense Salaries and Wages Payable Sales Sales Discount Sales Returns Shipping Expense Supplies Supplies Expense Utilities Expense 800 600 200 600 1,750 120 4,020 2,100 100 10,000 250 1,500 100 150 200 550 Example of Answer: 4000 No comma, space, decimal point, or $ sign. Show loss with a -. Example: -4000 Rose's Gross Profit for the year = Rose's Total Operating Expenses (selling & administrative) for the year = A/ Rose's Operating Income or Loss for the year = Rose's Net Income or Net Loss for the year Rose's Total Current Assets as of Dec. 31st = Rose's Total Assets as of Dec. 31st = W Rose's Total Current Liabilities as of Dec. 31st = Rose's Total Liabilities as of Dec. 31st = - 2 Rose's Total Property, Plant, and Equipment as of Dec. 31st = N P दो ASSUME NET INCOME FOR THE YEAR WAS $350. Compute Rose's Total Stockholders Equity as of Dec. 31st = . The balances of accounts for Rose Merchandising Company for year ended December 31, 2022, in alphabetic order are as follows. Accounts Payable Accounts Receivable Accumulated Depreciation- Build Accumulated Depreciation- Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Income Tax Expense Income Taxes Equip Building 17,750 Bonds Payable (due in 10 year) 3,000 Cash Payable Interest 635 Expense Interest Revenue 400 750 390 900 15,000 3,750 600 225 4,880 175 130 100 175 Land Long-term Investment Loss on disposal of assets Merchandise Inventory Notes Payable (5-year note) Patent Retained Earnings, as of Jan. 1st Salaries and Wages Expense Salaries and Wages Payable Sales Sales Discount Sales Returns Shipping Expense Supplies Supplies Expense Utilities Expense 800 600 200 600 1,750 120 4,020 2,100 100 10,000 250 1,500 100 150 200 550 Example of Answer: 4000 No comma, space, decimal point, or $ sign. Show loss with a -. Example: -4000 Rose's Gross Profit for the year = Rose's Total Operating Expenses (selling & administrative) for the year = A/ Rose's Operating Income or Loss for the year = Rose's Net Income or Net Loss for the year Rose's Total Current Assets as of Dec. 31st = Rose's Total Assets as of Dec. 31st = W Rose's Total Current Liabilities as of Dec. 31st = Rose's Total Liabilities as of Dec. 31st = - 2 Rose's Total Property, Plant, and Equipment as of Dec. 31st = N P दो ASSUME NET INCOME FOR THE YEAR WAS $350. Compute Rose's Total Stockholders Equity as of Dec. 31st =
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To fill out the requested financial information for Rose Merchandising Company well need to use the provided trial balance and apply accounting principles to compute the different components of the in... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
Posted Date:
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