Question: A B C Presented below are incomplete financial statements for Marta Communications 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on
A B C Presented below are incomplete financial statements for Marta Communications 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the indicating the relationship between the two statements. 7 MARTA COMMUNICATIONS 9 Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Wages Expense 15 Utilities Expense 4,800 16 Advertising Expense 800 17 Net income $4,100 18 19 20 MARTA COMMUNICATIONS 21 Statement of Owner's Equity 22 For the Month Ended March 31, 20X1 23 Marta, Capital, March 1, 20X1 SO 24 Add: Net incomeA B C D Subtract: Withdrawals by owner (500) larta, Capital, March 31, 20X1 MARTA COMMUNICATIONS Balance Sheet At March 31, 20X1 ssets Liabilities Cash $3,400 Accounts payable $20,800 Accounts receivable Office supplies 2,300 | Owner's Equity and 12,000 Marta, Capital tal Assets Total Liabilities and Owner's Equity
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