Relationships among Financial Statements - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri -11 A A Alignment Number Conditional Format as Cell Formatting. Table Styles Paste BIU- Cells Clipboard G Font Styles . Presented below are incomplete financial statements for Marta Communications, A1 1 Tresented below are incomplete financial atatements for Marta Communications, Inc. tequired: olve for the missing amounts. NOTE: When on amount on one financial stotement is ogain shown on 5 inother stotement, you MUST reference the cell from the earlier stotement rather than calculate the omount, thus ndicoting the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20X1 11 ales Revenues 534,500
Relationships among Financial Statements - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign in Calibri -11 A A Alignment Number Conditional Format as Cell Formatting. Table Styles Paste BIU- Cells Clipboard G Font Styles . Presented below are incomplete financial statements for Marta Communications, A1 1 Tresented below are incomplete financial atatements for Marta Communications, Inc. tequired: olve for the missing amounts. NOTE: When on amount on one financial stotement is ogain shown on 5 inother stotement, you MUST reference the cell from the earlier stotement rather than calculate the omount, thus ndicoting the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20X1 11 ales Revenues 534,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
only the photo 1a. Thank you.

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

Transcribed Image Text:1. Solve for the missing amounts and understand how the financial statements are linked.
Relationships among Financial Statements - Excel
FILE
HOME
INSERT
PAGE LAYOUT
FORMULAS
DATA
REVIEW
VIEW
Sign In
Calibri
11
A A
%
Alignment Number Conditional Format as Cell
Formatting Table Styles
Paste
BIU-
Cells
Clipbaard G
Fant
Styles
A1
Presented below are incomplete financial statements for Marta Communications,
A
D
11
idies nevernues
12 ixpenses:
Rent Expense
Wages Expense
Utilities Expense
13
2,600
14
4,800
800
$4,100
15
16
Income Tax Expense
17 det income
18
19
MARTA COMMUNICATIONS, INC.
Statement of Retained Earnings
20
21
22
For the Month Ended March 31, 20x1
23 tetained Earnings, March 1, 20X1
50
24 Add: Net income
25 Subtract: Dividends
(500)
26 tetained Earnings, March 31, 20X1
27
28
MARTA COMMUNICATIONS, INC.
29
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