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Homework answers / question archive / 1) Solve for the missing amounts and understand how the financial statements are linked

1) Solve for the missing amounts and understand how the financial statements are linked

Sociology

1) Solve for the missing amounts and understand how the financial statements are linked. Relationships among Financial Statements - Excel ? - FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri + 11 - A A % Paste BIU BB- - A - Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard Font Styles A1 x v f Presented below are incomplete financial statements for Marta Communications A B C D 1 Presented below are incomplete financial statements for Marta Communications 3 Required: Solve for the missing amounts. NOTE: When an amount on one financial statement is again shown on 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. LD 00 MARTA COMMUNICATIONS Income Statement 10 For the Month Ended March 31, 20X1 11 Sales Revenues $34,500 2 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 Statement of Owner's Equity 22 For the Month Ended March 31, 20X1 23 Marta, Capital, March 1, 20X1 SO

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