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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, March
Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, March 31, 2018 2018 Cash 183,700 311,800 Accounts receivable 104,100 119,600 Supplies 9,200 7,600 Accounts payable $47,100 $50,900 Common stock 130,000 130,000 Retained earnings ? ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Cash Accounts receivable Supplies Total assets Balance Sheet February 28, 2018 Assets Liabilities 183,700 104,100 9,200 297,000 Accounts payable 47,100 Stockholders' Equity Common stock $130,000 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 0 130,000 x 130,000 x henk
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