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the balances of accounts for Rose Merchandise Company for year ended December 31, 2022 in alphabetic order are as follows. the balances of accounts for
the balances of accounts for Rose Merchandise Company for year ended December 31, 2022 in alphabetic order are as follows.
the balances of accounts for Rose Merchandising company for year ended December 31, 2022, in alphabetic order are as follows.
\begin{tabular}{|l|c|} \hline Accounts Payable & 640 \\ \hline Accounts Receivable & 405 \\ \hline Accumulated DepreciationBuild & 750 \\ \hline Accumulated DepreciationEquip & 390 \\ \hline Building & 17,500 \\ \hline Bonds Payable (due in 10 year) & 3,000 \\ \hline Cash & 900 \\ \hline Common Stock & 15,000 \\ \hline Cost of Goods Sold & 3,750 \\ \hline Depreciation Expense & 100 \\ \hline Dividends & 600 \\ \hline Equipment & 225 \\ \hline Income Tax Expense & 175 \\ \hline Income Taxes Payable & 130 \\ \hline Interest Expense & 100 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline Land & 800 \\ \hline Long-term Investment & 600 \\ \hline Loss on disposal of assets & 200 \\ \hline Merchandise Inventory & 600 \\ \hline Notes Payable (5-year note) & 1,750 \\ \hline Patent & 120 \\ \hline Retained Earnings, as of Jan. 1 st & 4,020 \\ \hline Salaries and Wages Expense & 2,100 \\ \hline Salaries and Wages Payable & 100 \\ \hline Sales & 150 \\ \hline Sales Discount & 200 \\ \hline Sules Returns & 100 \\ \hline Shipping Expense & 250 \\ \hline Supplies & 1,500 \\ \hline \end{tabular} Provide answer to the questions asked. Example of Answer: 4000 No comma, space, decimal point, or $ sign. Show loss with a -. Example: 4000 No comma, space, decimal point, or \$sign. Rose's Gross Profit for the year = Rose's Total Operating Expenses (selling & administrative) for the year = 4 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= Rose's Total Current Liabilities as of Dec. 31st= Rose's Total Property, Plant, and Equipment as of Dec. 311st= Rose's Total Liabilities as of Dec. 31st= A ASSUME NET INCOME FOR THE YEAR WAS \$300. Compute Rose's Total Stockholders Equity as of Dec. 31st= A/Step by Step Solution
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