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U W Calculator Balance Sheets, Net Income Financial Information related to the proprietorship of Ebony Interiors for February
259,500 7,600 Supplies 6,400 a. Prepare a balance sheet for Ebony Interiors as of February 29, 2019. Enter assets in order of
Una intormation related to the proprietorship of Ebony Interiors for February and March February 29, 2019 March 31, 2019 Acco
US March 31, 2019 Accounts receivable Cash $39,200 86,600 152,900 $42,300 99,600 259,500 Justin Berk, capital Supplies 7,600
Cash 86,600 152,900 Justin Berk, capital Supplies 7,600 a. Prepare a balance sheet for Ebony Interiors as of February 29, 201
7,600 6,400 a. Prepare a balance sheet for Ebony Interiors as of February 29, 2019. quickly they can be converted to cash), l
2,600 a. Prepare a balance sheet for Ebony Interiors as of February 29, quickly they can be converted to cash), listing Cash
Total assets Liabilities Owners Equity Total liabilities and owners equity Prepare a balance sheet for Ebony Interiors as o
Total assets Liabilities Owners Equity Total liabilities and owners equity s Prepare a balance sheet for Ebony Interiors as
Total assets Liabilities Owners Equity Total liabilities and owners equity s Prepare a balance sheet for Ebony Interiors as
Owners Equity Total liabilities and owners equity Prepare a balance sheet for Ebony Interiors as of March 31, 20. Ebony Int
Prepare a balance sheet for Ebony Interiors as of March 31, 2019 Ebony Interiors Balance Sheet March 31, 2019 Assets QO Total
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Answer #1
a. Ebony Interiors
Balance Sheet
February 29, 2019
Assets
Cash $152,900
Accounts receivable $86,600
Supplies $7,600
Total assets $247,100
Liabilities
Accounts payable $39,200
Owner's Equity
Justin Berk, capital $207,900
Total liabilities and owner's equity $247,100
Ebony Interiors
Balance Sheet
March 31, 2019
Assets
Cash $259,500
Accounts receivable $99,600
Supplies $6,400
Total assets $365,500
Liabilities
Accounts payable $42,300
Owner's Equity
Justin Berk, capital $323,200
Total liabilities and owner's equity $365,500
b. Net Income for march = $115,300
($323,200 - $207,900)
c. Net Income for march = $147,100
($323,200 + $31,800 - $207,900)
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