A B 7 earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. 8 9 (All formulas must return positive values.) 10 11 12 13 14 Sales Revenues 15 Expenses: 16 Rent Expense 17 Wages Expense 18 Utilities Expense Income Tax Expense MARTA COMMUNICATIONS Company Income Statement For the Month Ended March 31 19 20 Net income 21 22 23 24 25 Marta, Capital, March 1 26 Add: Net income MARTA COMMUNICATIONS Company Statement of Owners' Equity For the Month Ended March 31 27 Subtract: Owner Withdrawals 28 Marta, Capital, March 31 29 Assets Cash 30 31 32 33 34 35 Accounts receivable 36 Office Supplies 37 Land 38 Total Assets 20 $34,500 2,600 4,800 800 $4,100 $0 (500) MARTA COMMUNICATIONS Company Balance Sheet At March 31 Liabilities $3,400 Accounts payable 2,300 Owners' Equity 12,000 Marta, Capital Total Liabilities and Owners' Equity D $20,800 E FL 12 G
A B 7 earlier statement rather than calculate the amount, thus indicating the relationship between the two statements. 8 9 (All formulas must return positive values.) 10 11 12 13 14 Sales Revenues 15 Expenses: 16 Rent Expense 17 Wages Expense 18 Utilities Expense Income Tax Expense MARTA COMMUNICATIONS Company Income Statement For the Month Ended March 31 19 20 Net income 21 22 23 24 25 Marta, Capital, March 1 26 Add: Net income MARTA COMMUNICATIONS Company Statement of Owners' Equity For the Month Ended March 31 27 Subtract: Owner Withdrawals 28 Marta, Capital, March 31 29 Assets Cash 30 31 32 33 34 35 Accounts receivable 36 Office Supplies 37 Land 38 Total Assets 20 $34,500 2,600 4,800 800 $4,100 $0 (500) MARTA COMMUNICATIONS Company Balance Sheet At March 31 Liabilities $3,400 Accounts payable 2,300 Owners' Equity 12,000 Marta, Capital Total Liabilities and Owners' Equity D $20,800 E FL 12 G
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Reference cells, instead of entering values.
Example: =B3+C3
![C18
7
8
9 (All formulas must return positive values.)
10
11
12
13
14 Sales Revenues
15 Expenses:
16 Rent Expense
17 Wages Expense
18
Utilities Expense
19
Income Tax Expense
X ✓ fx
A
B
с
earlier statement rather than calculate the amount, thus indicating the relationship between the two statements.
20 Net income
21
22
23
33
34
24
25 Marta, Capital, March 1
26
Add: Net income
27 Subtract: Owner Withdrawals
28 Marta, Capital, March 31
29
30
31
32
Assets
Cash
MARTA COMMUNICATIONS Company
Income Statement
For the Month Ended March 31
MARTA COMMUNICATIONS Company
Statement of Owners' Equity
For the Month Ended March 31
35
36
37
38 Total Assets
39
Accounts receivable
Office Supplies
Land
$34,500
2,600
4,800
800
$4,100
$0
(500)
MARTA COMMUNICATIONS Company
Balance Sheet
At March 31
Liabilities
$3,400 Accounts payable
2,300 Owners' Equity
12,000 Marta, Capital
Total Liabilities and Owners' Equity
D
$20,800
E
F
G
H
I
J
K
L
M
N
C](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F28cefb81-7cf9-48e6-bd36-6891739f4821%2F657524c7-8978-49ad-9023-cdd08588ce6b%2Flmdi56_processed.png&w=3840&q=75)
Transcribed Image Text:C18
7
8
9 (All formulas must return positive values.)
10
11
12
13
14 Sales Revenues
15 Expenses:
16 Rent Expense
17 Wages Expense
18
Utilities Expense
19
Income Tax Expense
X ✓ fx
A
B
с
earlier statement rather than calculate the amount, thus indicating the relationship between the two statements.
20 Net income
21
22
23
33
34
24
25 Marta, Capital, March 1
26
Add: Net income
27 Subtract: Owner Withdrawals
28 Marta, Capital, March 31
29
30
31
32
Assets
Cash
MARTA COMMUNICATIONS Company
Income Statement
For the Month Ended March 31
MARTA COMMUNICATIONS Company
Statement of Owners' Equity
For the Month Ended March 31
35
36
37
38 Total Assets
39
Accounts receivable
Office Supplies
Land
$34,500
2,600
4,800
800
$4,100
$0
(500)
MARTA COMMUNICATIONS Company
Balance Sheet
At March 31
Liabilities
$3,400 Accounts payable
2,300 Owners' Equity
12,000 Marta, Capital
Total Liabilities and Owners' Equity
D
$20,800
E
F
G
H
I
J
K
L
M
N
C
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