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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Only 1c question. Thanks

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

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
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