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1. Solve for the missing amounts and understand how the financial statements are linked Relationships among Financial Statements- Excel HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW
1. Solve for the missing amounts and understand how the financial statements are linked Relationships among Financial Statements- Excel HOME INSERT PAGE LAYOUT FORMULAS DATAREVIEW VIEW Sign In H Conditional Format as Cell Cells Editing Formatting" Table" Styles Paste Alignment Number Clipboard r Font Styles A1 x Presented below are incomplete financial statements for Marta Communications, 1 Presented below are incomplete financial statements for Marta Communications, Inc 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calulate the amount, thus 6 indicating the relationship between the two statements MARTA COMMUNICATIONS, INC Income Statement For the Month Ended March 31,20X1 10 11 Sales Revenues 12 Expenses: 13 Rent Expense 14 Wages Expense 15 Utilities Expense 16 Income Tax Expense 17 Net income 18 $34,500 2,600 4,800 S4,100
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