2 Exercise 1-6 Effect of transactions on general ledger accounts LO 1-4 At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: BETTER CORP Accounting Equation 1:11 Accounting Titles for Retained tarnings Event Liabilities Notes Payable Stockholders Equity Com Retained Stock Earnings 7.000 11,000 Land 10,900 20,000 Balance 1/1/2018 Better Corp.completed the following transactions during 2018: 1. Purchased land for $5,000 cam 2. Acquired $25,000 cash from the issue of common stock 3. Received $75,000 cash for providing services to astomers 4. Paid cash operating expenses of $42.000 5. Borrowed $10,000 cash from the bank 6. Pald a $5,000 cash dividend to the stockholders 7. Determined that the market value of the land purchased in events $15.000 Required a. Record the transactions in the appropriate general ledger accounts Record the amounts of revenue, expense, and dividends in the Retained Earnings column Provide the appropriate titles for these accounts in the last count of the table b. As of December 31, 2018, determine the total amount of stabilities, and stockholders equity and present this information in the form of an accounting equation 2 Required a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, 2018, determine the total amount of assets. liabilities, and stockholders' equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, 2019? ebook 2 Complete this question by entering your answers in the tabs below. Reg A Reg Band eBook Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense and dividends in the Retained Earnings column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a minus sign. If there is no effect on the Accounts Titles for Retained Eatings, leave the cell blank.) References Event Assets BETTER CORPORATION Accounting Equation for 2018 Liabilities Stockholders' Equity Land Notes Common Retained Payable Stock Earnings 20.000 12,000 7,000 11000 Cash Accounts Titles for Retained Earning Balance 1/1/2018 10.000 5 Tools ROLA Regand > Print Complete this question by entering your answers in the tabs below. References Reg Req Band As of December 31, 2018, determine the total amount of assets, liabilities, and stockholders' equity and present this Information in the form of an accounting equation. What is the amount of total assets, abilities, and stockholders' equity as of January 1, 2019? Assets Stockholders Equity b