***all of these pictures are from a single question***
At the beginning of Year 2. Better Corp's accounting equation showed the following accounts and balances: Accounting Titles for Retained Earnings Event Assets BETTER CORP Accounting Equation Liabilities Stockholders' Equity Notes Common Retained Payable Stock Earnings 12,800 25,400 Balance 1/1/Year 2 Cash Land 18,880 28,000 7,800 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. Pald 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? Event Assets + Accounting Equation Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Land Common Retained Payable Stock Earnings 28,000 12,800 7,800 + 25,400 Accounts Titles for Retained Earnings Cash + + Balance 1/1/Year 2 18,000 + + + 1. 2 + 3 4. 5 6. 7 Totals 18,000 28,000 - 12,800 + 7,800 25,400 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? Assets Liabilities Stockholders Equity b C