Score:
Key Code:
An asterisk (*) will appear to the right of an incorrect entry.
a.
Assets Liabilities
Stockholders’ Equity
Total stockholder’s equity
Total liabilities and
Total assets stockholders‘ equity
Assets Liabilities
Stockholders’ Equity
Total stockholder’s equity
Total liabilities and
Total assets stockholders‘ equity
b.
Stockholders’ equity, March 31
c.
Stockholders’ equity, March 31
Exercise 1-21
Name:
Section:
Net income
Dividends
Increase in stockholders’ equity
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February 28, 2014
Stockholders’ equity, February 28
Stockholders’ equity, February 28
EBONY INTERIORS
0%
[Key code here]
Instructions
Net income
Balance Sheet
EBONY INTERIORS
Balance Sheet
March 31, 2014
Score:
a.
Assets Liabilities
Cash 320,000$ Accounts payable 310,000$
Assets Liabilities
Cash 380,000$ Accounts payable 400,000$
Exercise 1-21
Name:
Solution
Section:
An asterisk (*) will appear to the left of an incorrect entry.
ON
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Enter the appropriate amounts/formulas in the answer cells, or select from the drop-down list.
EBONY INTERIORS
EBONY INTERIORS
Balance Sheet
February 28, 2014
Balance Sheet
March 31, 2014