23 ELaieu car ga, ViaILII , CUA Add: Net income Subtract: Dividends 26 letained Earnings, March 31, 20X1 24 4,100 (500) 25 $3,600 27 28 29 MARTA COMMUNICATIONS, INC. 30 Balance Sheet At March 31, 20x1 Liabilities 53,400 Accounts payable Stockholders' Equity 2,300 Common stock 12,000 Retained earnings 31 32 issets 33 Cash Accounts receivable 36,800 34 35 Office supplies 14,000 36 Land 37 otal Assets Total Liabilities and Stockholders' Equity

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Only 1c question. Thanks

23
eLaimeu car ng, ViarII 1, ZUAI
24
Add: Net income
4,100
(500)
25 Subtract: Dividends
26 letained Earnings, March 31, 20X1
$3.600
27
28
29
MARTA COMMUNICATIONS, INC.
30
Balance Sheet
31
At March 31, 20X1
32 Assets
Liabilities
35
Cash
$3,400 Accounts payable
$6,800
Accounts receivable
Stockholders' Equity
34
Office supplies
2,300 Common stock
12,000 Retained earnings
Total Liabilities and Stockholders' Equity
35
14,000
36
Land
37 otal Assets
38
39
40
41
Transcribed Image Text:23 eLaimeu car ng, ViarII 1, ZUAI 24 Add: Net income 4,100 (500) 25 Subtract: Dividends 26 letained Earnings, March 31, 20X1 $3.600 27 28 29 MARTA COMMUNICATIONS, INC. 30 Balance Sheet 31 At March 31, 20X1 32 Assets Liabilities 35 Cash $3,400 Accounts payable $6,800 Accounts receivable Stockholders' Equity 34 Office supplies 2,300 Common stock 12,000 Retained earnings Total Liabilities and Stockholders' Equity 35 14,000 36 Land 37 otal Assets 38 39 40 41
|日5
Relationships among Financial Statements - Excel
FILE
HOME
INSERT
PAGE LAYOUT
FORMULAS
DATA
REVIEW
VIEW
Sign In
Calibri
11
A
Alignment Number Conditional Format as Cell
Formatting Table Styles
Paste
BIU.
Cells
Clipboard G
Font
Styles
A1
Presented below are incomplete financial statements for Marta Communications,
A
1 'resented below are incomplete financialstatements for Marta Communications, Inc.
2
3 tequired:
iolve for the missing amounts. NOTE: When on amount on one financial stotement is again shown on
inother stotement, you MUST reference the cell from the earlier stotement rather than colculote the omount, thus
4
ces
5.
ndicoting the relationship between the two statements.
MARTA COMMUNICATIONS, INC.
Income Statement
10
For the Month Ended March 31, 20X1
11 iales Revenues
S34,500
12 xpenses:
Rent Expense
14 Wages Expense
13
2,600
15
Utilities Expense
4,800
16
Income Tax Expense
800
17 det income
54,100
18
19
20
MARTA COMMUNICATIONS, INC.
21
Statement of Retained Earnings
22
For the Month Ended March 31, 20X1
23 letained Earnings, March 1, 20X1
50
24
Add: Net income
Transcribed Image Text:|日5 Relationships among Financial Statements - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri 11 A Alignment Number Conditional Format as Cell Formatting Table Styles Paste BIU. Cells Clipboard G Font Styles A1 Presented below are incomplete financial statements for Marta Communications, A 1 'resented below are incomplete financialstatements for Marta Communications, Inc. 2 3 tequired: iolve for the missing amounts. NOTE: When on amount on one financial stotement is again shown on inother stotement, you MUST reference the cell from the earlier stotement rather than colculote the omount, thus 4 ces 5. ndicoting the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20X1 11 iales Revenues S34,500 12 xpenses: Rent Expense 14 Wages Expense 13 2,600 15 Utilities Expense 4,800 16 Income Tax Expense 800 17 det income 54,100 18 19 20 MARTA COMMUNICATIONS, INC. 21 Statement of Retained Earnings 22 For the Month Ended March 31, 20X1 23 letained Earnings, March 1, 20X1 50 24 Add: Net income
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Uses Of Excess Cash
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education