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Financial information related to the corporation of Ebony Interiors for February and March 20Y3 is as follows: Line Item Description February 28, 20Y3 March 31,
Financial information related to the corporation of Ebony Interiors for February and March 20Y3 is as follows:
Line Item Description | February 28, 20Y3 | March 31, 20Y3 |
---|---|---|
Cash | $166,500 | $282,700 |
Accounts receivable | 94,400 | 108,500 |
Supplies | 8,300 | 6,900 |
Accounts payable | 42,700 | 46,100 |
Common stock | 130,000 | 130,000 |
Retained earnings | ? | ? |
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a. Prepare balance sheets for Ebony Interiors as of February 28, 20Y3.
b. Prepare balance sheets for Ebony Interiors as of March 31, 20Y3.
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