1. Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,900, (2) paid cash expenses of $13,300, and (3) paid a $1,600 cash dividend to its stockholders. These were the only events that affected the company during Year 1. Required a. Record the effects of each accounting event under the appropriate general ledger account headings. b. Prepare an income statement, statement of changes in stockholders equity, and a balance sheet dated December 31, Year 1, for Mijka Company.

2.Holloway Company earned $7,100 of service revenue on account during Year 1. The company collected $6,035 cash from accounts receivable during Year 1.

Required

Based on this information alone, determine the following for Holloway Company.

1. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet.
2. The amount of net income that would be reported on the Year 1 income statement.
3. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows.
4. The amount of retained earnings that would be reported on the Year 1 balance sheet.