8 Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $32,800, (2) paid cash expenses of $14,600, and (3) paid a $2,900 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 Majka Company eBook Complete this question by entering your answers in the tabs below. Required B Inc Required B Required A Required B Bal Stmt Stmt of Changes Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) MAJKA COMPANY Accounting Equation for Year Liabilities Assets Event Cash Stockholders' Equity Common Retained Stock Earnings + + 1. - - 2. 3 + + + + Ending balance 0 0 + 0 0 8 Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $32,800, (2) paid cash expenses of $14,600, and (3) paid a $2,900 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 Majka Company. eBook Complete this question by entering your answers in the tabs below. Required A Required Inc Required B Stmt Required B Bai Stmt of Changes Sheet Prepare an income statement dated December 31, Year 1, for Majka Company. MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 $ 8 Mojka Company was started on January 1. Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $32,800, (2) paid cash expenses of $14,600, and (3) paid a $2,900 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 Majka Company ello Complete this question by entering your answers in the tabs below. Required B Required A Required Inc Required B Bal Stmt Stmt of Changes Sheet Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. MAJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings S 0 Ending retained earnings Total stockholders' equity 0 0 $ Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $32,800, (2) paid cash expenses of $14,600, and (3) paid a $2,900 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 Majka Company Complete this question by entering your answers in the tabs below. Required B Inc Required B Required A Stmt Changes Shed Prepare a balance sheet dated December 31, Year 1, for Majka Company. Strmt of Requiredya Bali MAJKA COMPANY Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities Stockholders' equity 15,300 Total stockholders' equity Total liabilities and stockholders' equity 15,300 15,300 $