The balances of accounts for Rose Merchandising Company for year ended December 31, 2022, in alphabetic...
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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 Provide answer to the questions asked. Example of Answer: 4000 No comma, space, decimal point, or $ sign. Show loss or negative amount with a -. Example: -4000 No comma, space, decimal point, or $ sign. Net cash flows from operating activities = A/ Net cash flows from investing activities = A/ Net cash flows from financing activities = A/ Cash balance at the end of the first year = A/ Total revenues for the first year of operations = Total expenses for the first year of operations = A/ Net income or loss for the first year of operations = A/ 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 Provide answer to the questions asked. Example of Answer: 4000 No comma, space, decimal point, or $ sign. Show loss or negative amount with a -. Example: -4000 No comma, space, decimal point, or $ sign. Net cash flows from operating activities = A/ Net cash flows from investing activities = A/ Net cash flows from financing activities = A/ Cash balance at the end of the first year = A/ Total revenues for the first year of operations = Total expenses for the first year of operations = A/ Net income or loss for the first year of operations = A/
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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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