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

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

solve the missing amounts and how the financial statements are linked

|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
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Basic Accounting Terms
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.
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