The following is the balances of accounts for Roberto Merchandising Company for year ended December 31, 2021, in random order. Depreciation Expense $24 Salaries Payable $30 Accounts Receivable 90 Merchandise Inventory 210 Shipping Expense 12 Building 480 Cash 36 Dividends 60 Supplies Expense 18 Accumulated Dep.—Office Equip 54 Interest Revenue 15 Interest Expense 9 Office Equipment 225 Accounts Payable 130 Cost of Goods Sold 150 Rent Expense 42 Salaries Expense 105 Notes Payable (5-year bonds) 72 Sales 540 Accumulated Dep.—Building 120 Retained Earnings, Jan. 1 120 Common Stock (par $2) 510 Supplies 24 Land 60 Income Tax Expense 60 Income Tax Payable 14 Compute Roberto's Total Current Liabilities as of Dec. 31st Compute Roberto's Total Stockholders Equity as of Dec. 31st
The following is the balances of accounts for Roberto Merchandising Company for year ended December 31, 2021, in random order. Depreciation Expense $24 Salaries Payable $30 Accounts Receivable 90 Merchandise Inventory 210 Shipping Expense 12 Building 480 Cash 36 Dividends 60 Supplies Expense 18 Accumulated Dep.—Office Equip 54 Interest Revenue 15 Interest Expense 9 Office Equipment 225 Accounts Payable 130 Cost of Goods Sold 150 Rent Expense 42 Salaries Expense 105 Notes Payable (5-year bonds) 72 Sales 540 Accumulated Dep.—Building 120 Retained Earnings, Jan. 1 120 Common Stock (par $2) 510 Supplies 24 Land 60 Income Tax Expense 60 Income Tax Payable 14 Compute Roberto's Total Current Liabilities as of Dec. 31st Compute Roberto's Total Stockholders Equity as of Dec. 31st
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following is the balances of accounts for Roberto Merchandising Company for year ended December 31, 2021, in random order.
| $24 | Salaries Payable | $30 | ||
| 90 | Merchandise Inventory | 210 | ||
| Shipping Expense | 12 | Building | 480 | |
| Cash | 36 | Dividends | 60 | |
| Supplies Expense | 18 | Accumulated Dep.—Office Equip | 54 | |
| Interest Revenue | 15 | Interest Expense | 9 | |
| Office Equipment | 225 | Accounts Payable | 130 | |
| Cost of Goods Sold | 150 | Rent Expense | 42 | |
| Salaries Expense | 105 | Notes Payable (5-year bonds) | 72 | |
| Sales | 540 | Accumulated Dep.—Building | 120 | |
| 120 | Common Stock (par $2) | 510 | ||
| Supplies | 24 | Land | 60 | |
| Income Tax Expense | 60 | Income Tax Payable | 14 |
Compute Roberto's Total Current Liabilities as of Dec. 31st
Compute Roberto's Total
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