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As of December 31, Year 2 Moss Company had total cash of $147,000, notes payable of $84,700, and common stock of $51.500. During Year 3,

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As of December 31, Year 2 Moss Company had total cash of $147,000, notes payable of $84,700, and common stock of $51.500. During Year 3, Moss earned $27000 of cash revenue, paid $15,500 for cash expenses, and paid a $2,100 cash dividend to the stockholders Required a. Determine the amount of retained earnings as of December 31, Year 2 b.& c. Create an accounting equation and record the beginning account balances, revenue, expense and dividend events under the appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3 Complete this question by entering your answers in the tabs below. 1 encen ROGA Red Band Reg D Determine the amount of retained earnings as of December 31, Year 2 Rotaled earning RARA Req Band C > Req A Reg Band ReqD Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation. (Enter any decreases to account balances with a minus sign.) MOSS COMPANY Effect of Year 3 Transitions in this Accounting Eruation AS Labilities Stockholders Equity Event Notes Comoon Retained Cash Payalile Stock Earning Beginning balances + + 1. Eamed revenue + 2 Paid expenses 3. Pald dividend + Ending balance 0 01 0 + 0 + aces Required a. Determine the amount of retained earnings as of December 31, Year 2 b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3. Complete this question by entering your answers in the tabs below. REGA Reg B and C Reg D Complete the equality of the accounting equation as of December 31, Year 3 Assets Liabilities Stockholders Equity Rog Band

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