1.Acquired $30,000 cash from the issue of Common stock

2.Paid $12,000 cash to purchase land

3.Borrowed $10,000 cash

4.Provided services for $20,000 cash

5.Paid $1000 cash for utility expenses

6.Paid $15,000 cash for other operating expenses

7.Paid $2,000 cash dividend to the stockholders

8. Determined that the market value of the land purchased in event you is now $12,700

2. Prepare an income statement for the year to accounting period?

3. Prepare a statement of changes in Equity for the year to accounting period?

4. Prepare a year and balance sheet for the year to accounting period?

5. Prepare a statement of cash flows for the year to accounting period?

6. Determine the percentage of assets that were provided by retained earnings?

7. Based on the December 31, year cute, balance sheet, what is the largest cash dividend to go to could pay?

a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation. Record the eight events in the s in the Retained Earnings column. e titles for these accounts in the last column of the table. The first event is shown as an example. (Enter any 2000 8,000 6,000+ 30,000 2,000+ NA 30,000+ 32,000 + 12.0001