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1 Purchucha ting for 55005cesh 2. Acourods 25000 couh from the issus of common mtodis 3. Alcconve 575000 cach for providing sences to cutgenert: 4.

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1 Purchucha ting for 55005cesh 2. Acourods 25000 couh from the issus of common mtodis 3. Alcconve 575000 cach for providing sences to cutgenert: 4. Pha cath goedaso erpontes of 542000 5. Bartoned $10000cmh from the bicik 6. Pild a {5,000 cats thindend to the siockicliden. 2 bererimed thet the maliet velue or the land purchsied in evert 1 is 336000 Requted the form of an accounthe equaber Compieten this question by mitaritg your anwers in the tabis below. vetter corporation comploted the following transactions during Year 2 : 1. Purchased land for 55,000 cash. 2. Acquired $25,000 cash from the is 5 ef of common stock. 3. Recelved 575,000 cash for providing services to customers. 4. Paid sash operating expenses of $42000. 5. Borrowed $10,000 cash from the bank. 6. Paid a $5,000 cash dividend to the stockholders. 7. Determined that the matket value of the land purchased in event is $35,000. Required a. Record the transactions in the approprate generat fedger accounts. Record the amounte of revenue, expense, and dividenas in the Rotained Earnings column. Provde the appropiate twes for these accounts in the last column of the table. b. As of December 31, Year 2 determine the total amount of assets. Habilves, and ctockholders' equity and present this information in the form of an accounting oquation. c. What is the amount of total assets, llabilites, and stockoidern' equity af of january w year 3 ? Complete this questid by entering your answers in the tabs below. As of December 31. Year 2. decermine the toral amount of assets. liabiliea, and stochholders' equity and present this information in the form of an accounting equation. Bother Corporation completed the followeng tensactors duing Year 2. 1. Purchaced land for $5.0000 cak 2 Acoured 525,000 cash from the testie of common siok 3 Recshed 57.000cash for prowling eemices to customers 4 Pald cash ogerating exporsoc of 542.000 5. Rorlowed 50000 cost from the bank 6. Paid a 55,000 cich divdegd to the vochholdere 7 Deterralfed thast the markat velue of the land ourchased in twertitis 535.000 Pequired a. Pocord the vancoctons in the appropridte goneral ledger accounts Focord wh amounts of revenve evpente and aldends in the tetomin of in sccountig equaton Cemplete this question by entering your anwwers in the tabs below

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