ACCT$125-$ Introductory Financial Accounting II

Assignment #$4$

Chapter $16$

$16$ marks

v$105$

Caronport Carpentry Shop Company's September $30,2023$ year$-$end presented the following information:

$\backslash$table$[[,2023,2022],[$cash$,$$$,247,853,S,68,376],[\backslash$table$[[$Cascounts receivable$],[$Accour$]],s,18,490,s,20,090],[$Merchandise inventory,$S,156,600,$s$,128,472],[$Long$-$term investments,$$,92,820,$S$,135,360],[$Equipment$,s,337,616,$s$,211,050],[$Accumulated depreciation, equipment,$-$$$,94,718,-$s$,30,341],[5,758,661,5,533,007],[$Accounts payable,$s,16,046,$S$,11,934],[$Income taxes payable,$$,20,340,s,20,874],[$Bonds payable,$s,62,740,s,74,240],[$Common shares,$$,173,880,s,145,080],[$Retained earnings,$$,485,655,s,280,879],[5,758,661,5,533,007],[$Income Statement,,$],[$Sales $($all on credit$),,,s,599,865],[$Cost of goods sold,$S,202,055,,],[$Depreciation expense,$$,87,198,,],[$Other operating expenses,$S,54,738,,],[\backslash$table$[[$Interest expense$]],$$$,10,185,,],[$Loss on sale of equipment,$S_{?},4,357,,],[,,,\frac{s}{s},\backslash$table$[[\frac{358,533}{241,332}$