question archive Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 169,300 Cash March 31, 2018 287,300 110,200 95,900 8,500 7,000 Accounts receivable Supplies Accounts payable Common stock Retained earnings $46,900 $43,400 130,000 ? 130,000 ? a
Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 169,300 Cash March 31, 2018 287,300 110,200 95,900 8,500 7,000 Accounts receivable Supplies Accounts payable Common stock Retained earnings $46,900 $43,400 130,000 ? 130,000 ? a
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Balance Sheets, Net Income Financial information related to the corporation of Ebony Interiors for February and March 2018 is as follows: February 28, 2018 169,300 Cash March 31, 2018 287,300 110,200 95,900 8,500 7,000 Accounts receivable Supplies Accounts payable Common stock Retained earnings $46,900 $43,400 130,000 ? 130,000 ? a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets INI Total assets liabilition Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Prepare balance sheets for Ebony Interiors as of March 31, 2018. Ebony Interiors Balance Sheet March 31, 2018 Assets Total assets Liabilities Stockholders' Enuity Assets Total assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity b. Determine the amount of net income for March, assuming that no additional common stock was issued and no dividends were paid during the month. C. Determine the amount of net income for March, assuming that no additional common stock was issued, but dividends of $35,200 were paid during the month. S
