Question: Exercise 1-21 Name: Section: Score: 0% Key Code: 2 Instructions Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected
Exercise 1-21
Name:
Section:
Score:
0%
Key Code:
2
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells.
a.
EBONY INTERIORS
Balance Sheet
February 29, 2016
Assets
Liabilities
Owner's Equity
Total liabilities and
Total assets
owner's equity
EBONY INTERIORS
Balance Sheet
March 31, 2016
Assets
Liabilities
Owner's Equity
Total liabilities and
Total assets
owner's equity
b.
Owner's equity, March 31
Owner's equity, February 29
Net income
c.
Owner's equity, March 31
Owner's equity, February 29
Increase in owner's equity
Withdrawals
Net income
Exercise 1-21
Name:
Section:
Score:
0%
Key Code:
2
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
An asterisk (*) will appear next to or below an incorrect entry only in the outlined cells.
a.
EBONY INTERIORS
Balance Sheet
February 29, 2016
Assets
Liabilities
Owner's Equity
Total liabilities and
Total assets
owner's equity
EBONY INTERIORS
Balance Sheet
March 31, 2016
Assets
Liabilities
Owner's Equity
Total liabilities and
Total assets
owner's equity
b.
Owner's equity, March 31
Owner's equity, February 29
Net income
c.
Owner's equity, March 31
Owner's equity, February 29
Increase in owner's equity
Withdrawals
Net income
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