Accounting

Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity dated December 31 , Year 1, for Mijka Company. Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $34,000, (2) paid cash expenses of $15,000, and (3) paid a $3,300 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 Mijka Company. Complete this question by entering your answers in the tabs below. Prepare an income statement dated December 31, Year 1, for Mijka Company. Problem: Module 1 Textbook Problem 1 Learning Objective: 1-3 Show how business events affect the accounting equation At the beginning of Year 2, Better Corp.'s accounting equation showed the following accounts and balances: Better Corp. completed the following transactions during Year 2: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock. 3. Received $72,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,200. 5. Borrowed $18,000 cash from the bank. 6. Paid a $9,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $43,000. Required a. Record the transactions in the accounting equation for Year 2. 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, Year 2, 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, Year 3 ? Complete this question by entering your answers in the tabs below. Record the transactions in the accounting equation for Year 2. 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 Earnings, leave the cell blank. Not all cells require input.) Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $34,000, (2) paid cash expenses of $15,000, and (3) paid a $3,300 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 Mijka Company. Complete this question by entering your answers in the tabs below. Prepare a balance sheet dated December 31 , Year 1, for Mijka Company. Problem: Module 1 Textbook Problem 1 Learning Objective: 1-3 Show how business events affect the accounting equation At the beginning of Year 2, Better Corp.'s accounting equation showed the following accounts and balances: Better Corp. completed the following transactions during Year 2: 1. Purchased land for $9,000 cash. 2. Acquired $33,000 cash from the issue of common stock. 3. Received $72,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,200. 5. Borrowed $18,000 cash from the bank. 6. Paid a $9,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $43,000. Required a. Record the transactions in the accounting equation for Year 2. 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, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information i the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. As of December 31, Year 2, 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, liabilities, and stockholders' equity as of January 1 , Year 3? Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $34,000, (2) paid cash expenses of $15,000, and (3) paid a $3,300 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 Mijka Company. Complete this question by entering your answers in the tabs below. Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign. Not all cells require input.)