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The answers need to be typed in equation form for excel Saved Help Save & Exit SL B26 X v be ces A B D
The answers need to be typed in equation form for excel
Saved Help Save & Exit SL B26 X v be ces A B D 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 calculate the amount, thus 6 indicating the relationship between the two statements. 7 8 MARTA COMMUNICATIONS, INC. 9 Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Wages Expense 22,200 15 Utilities Expense 4.800 16 Income Tax Expense 800 17 Net income $4,100 18 19 20 MARTA COMMUNICATIONS, INC 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 $0 24 Add: Net income 4,100 25 Subtract: Dividends (500) 26 Retained Earnings, March 31, 20X1 Sheet1 Prey 1 of 2 Next > SAVO B26 D B A 18 19 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 Retained Earnings, March 1, 20X1 $0 24 Add: Net income 4,100 25 Subtract: Dividends (500) 26 Retained Earnings, March 31, 20X1 27 28 29 MARTA COMMUNICATIONS, INC. 30 Balance Sheet 31 At March 31, 20X1 32 Assets Liabilities 33 Cash $3,400 Accounts payable 34 Accounts receivable Stockholders' Equity 35 Olice supplies 2,100 Common stock 36 Land 12.000 Retained earings 37 Total Assets Total Liabilities and Stockholders' Equity 38 39 40 41 Sheet1 $6,800 14.000 Step by Step Solution
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