resented below are incomplete financialstatements for Marta Communications, Inc. 2 3 tequired: olve for the missing amounts. NOTE: When an amount on one financial statement is ogain shown on 5 inother stotement, you MUST reference the cell from the earlier stotement rather than calculate the amount, thus *ndicating the relationship between the two statements MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20x1 11 ales Revenues 534,500 12 xpenses: Rent Expense Wages Expense Utilities Expense Income Tax Expense 13 2,600 14 4,800 800 34,100 15 16 17 iet income 18
resented below are incomplete financialstatements for Marta Communications, Inc. 2 3 tequired: olve for the missing amounts. NOTE: When an amount on one financial statement is ogain shown on 5 inother stotement, you MUST reference the cell from the earlier stotement rather than calculate the amount, thus *ndicating the relationship between the two statements MARTA COMMUNICATIONS, INC. Income Statement 10 For the Month Ended March 31, 20x1 11 ales Revenues 534,500 12 xpenses: Rent Expense Wages Expense Utilities Expense Income Tax Expense 13 2,600 14 4,800 800 34,100 15 16 17 iet income 18
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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solve the missing amounts and how the financial statements are linked
Transcribed Image Text:|日5
Relationships among Financial Statements - Excel
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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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