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***all of these photos are part of a single question*** Mijka Company was started on January 1, Year 1 During Year 1, the company experienced
***all of these photos are part of a single question*** 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 $29,500, (2) paid cash expenses of $13,500, and (3) paid a $1,800 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 MIJKA COMPANY Accounting Equation for Year1 Liabilities + Assets Event Stockholders' Equity Common Retained Stock Earnings Cash 11 + + 1. 2 + 3. Ending balance MIJKA COMPANY Income Statement For the Year Ended December 31, Year 1 MIJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus: Common stock issued Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity MIJKA COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity
***all of these photos are part of a single question***
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