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10 points As of December 31. Year 2. Moss Company had total cash of $155.000, notes payable of $85,500 and common stock of $52.300 During
10 points As of December 31. Year 2. Moss Company had total cash of $155.000, notes payable of $85,500 and common stock of $52.300 During Year 3, Moss earned $35.000 of cash revenue, paid $19,500 for cash expenses, and paid a $2.900 cash dividend to the stockholders Required a. Determine the amount of retained earnings as of December 31, Year 2 b.& c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend eyents under the appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3 Print Complete this question by entering your answers in the tabs below. Req Red Band Reg D Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation. (Enter any decreases to account balances with a minus sign) MOSS COMPANY Effect of Year 3 Transactions on the Accounting Equation Assets Liabilities Stockholders' Equity Event Notes Common Retained Payable Stock Earnings Beginning and Cash Reg A Reg B and C Reg D Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation. (Enter any decreases to account balances with a minus sign.) MOSS COMPANY Effect of Year 3 Transactions on the Accounting Equation Assets Liabilities Stockholders'Equity Event Notes Common Retained Cash Payable Stock Earnings Beginning balances 1. Eamed revenue 2. Paid expenses 3. Paid dividend Ending balance 0 0 0 As of December 31, Year 2. Moss Company had total cash of $155.000, notes payable of $85.500, and common stock of $52.300 During Year 3. Moss earned $35,000 of cash revenue, pald $19,500 for cash expenses, and paid a $2.900 cash dividend to the stockholders Required a. Determine the amount of retained earnings as of December 31, Year 2. b. & c. Create an accounting equation and record the beginning account balances, revenue, expense and dividend events under the appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3. Complete this question by entering your answers in the tabs below. Req A Red Band Reg D Complete the equality of the accounting equation as of December 31, Year 3. Stockholders Assets Liabilities Equity
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