Question: solve for the missing amounts ( no need to make a excel sheet just state the line # and answer ) t Calibri B I

solve for the missing amounts ( no need to make a excel sheet just state the line # and answer )

t

 solve for the missing amounts ( no need to make a

excel sheet just state the line # and answer ) t Calibri

Calibri B I - 11 - - A A . - A - Alignment Number Paste U - Cells Editing Conditional Format as Cell Formatting" Table Styles Styles Clipboard Font A1 Presented below are incomplete financial statements for Marta Communications, 1 Presented below are incomplete financial statements for Marta Communications, Inc. 3 Required: 4 Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 5 another statement, you MUST reference the cell from the earlier statement rather than calculate the amount, thus 6 indicating the relationship between the two statements. MARTA COMMUNICATIONS, INC. Income Statement For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 12 Expenses: 13 Rent Expense 2,600 14 Salaries Expense 15 Utilities Expense 4,800. 16 Income Tax Expense 800 17 Net income $4,100 MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnings Total Presented below are incomplete financial statements for Marta Communications MARTA COMMUNICATIONS, INC. Statement of Stockholders' Equity For the Month Ended March 31, 20X1 Common Stock Retained Earnings Total $0 SO $14,000 23 Beginning Balance (March 1, 20X1) 24 Issuance of common stock 25 Add: Net income for March 26 Less: Dividends 27 Ending Balance (March 31, 20X1) SO $14,000 4,100 (500) $17,600 (500) $14,000 MARTA COMMUNICATIONS, INC. Balance Sheet At March 31, 20X1 Liabilities $3,400 Accounts payable Stockholders' Equity 2,300 Common stock 12.000 Retained earnings Total Liabilities and Stockholders' Equity 32 Assets 33 Cash 34 Accounts receivable 35 Supplies 36 Land 37 Total Assets $6,800 14,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!