Accountable Common stock Tot assets February 28, 2018 131,000 Liabilities a. Prepare balance sheets for Ebony Interiors

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Accountable Common Stock Tot Assets February 28 2018 131 000 Liabilities A Prepare Balance Sheets For Ebony Interiors 1 (36.54 KiB) Viewed 38 times

Accountable Common stock Tot assets February 28, 2018 131,000 Liabilities a. Prepare balance sheets for Ebony Interiors as of February 28, 2018. Ebony Interiors Balance Sheet February 28, 2018 Assets Total stockholders equity Tots and stock 74,300 6,600 Stockholders' Equity $31,600 130,000 Liabilities Tutal stockholders equity Prepare balance sheets for Ebony Interiors as of March 31, 2018. Ebony Interiors Balance Sheet March 31, 2018 Assets March 31, 2018 222,400 15.300 1,400 $36,300 130,000 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 $27,200 were paid during the month. Ⓒ