solve the missing amounts and how the financial statements are linked |日5Relationships among Financial Statements - ExcelFILEHOMEINSERTPAGE LAYOUTFORMULASDATAREVIEWVIEWSign InCalibri11AAlignment Number Conditional Format as CellFormatting Table StylesPasteBIU.CellsClipboard GFontStylesA1Presented below are incomplete financial statements for Marta Communications,A1 'resented below are incomplete financialstatements for Marta Communications, Inc.23 tequired:iolve for the missing amounts. NOTE: When on amount on one financial stotement is again shown oninother stotement, you MUST reference the cell from the earlier stotement rather than colculote the omount, thus4ces5.ndicoting the relationship between the two statements.MARTA COMMUNICATIONS, INC.Income Statement10For the Month Ended March 31, 20X111 iales RevenuesS34,50012 xpenses:Rent Expense14 Wages Expense132,60015Utilities Expense4,80016Income Tax Expense80017 det income54,100181920MARTA COMMUNICATIONS, INC.21Statement of Retained Earnings22For the Month Ended March 31, 20X123 letained Earnings, March 1, 20X15024Add: Net income

The income statement is known as one of the essential parts of the financial statement used for…

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Similar questions

Explain the difference between financial reporting and financial statements.
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What is the equation that shows the relationship between elements of financial data
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So, what exactly is the purpose of an accounting system?