At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders Equity Notes Common Retained Payable Stoek Earnings 12,200 7,200 14,600 Accounting Titles for Retained Earnings Balance 1/1/2018 Cash Land 12,000 22,000 Better Corp. completed the following transactions during 2018: 1. Purchased land for $6,000 cash. 2. Acquired $27,000 cash from the issue of common stock. 3. Received $66,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,800. 5. Borrowed $12,000 cash from the bank. 6. Paid a $6,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event is $37,000. Required a. Record the transactions in the appropriate general ledger accounts. 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, 2018, determine the total amount of assets, llabilities, 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, 2019? Complete this question by entering your answers in the tabs below. Reg A Reg B and C Req A Req B and C 24:13 Record the transactions in the appropriate general ledger accounts. 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.) Show less ok Event Assets nt BETTER CORPORATION Accounting Equation for 2018 Liabilities Stockholders' Equity Notes Common Land Retained Payable Stock Earnings 22.000 12.200 + 7.200 14.000 Accounts Titles for Retained Earnings Cash 12,000+ int + Balance 1/1/2018 1 2 3. 4 rences 5 G + 7. Totals Reg Band > Prev 1 of 9 Next > Required a. Record the transactions in the appropriate general ledger accounts. 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, 2018, 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, 2019? 2:24:01 ook Complete this question by entering your answers in the tabs below. Hint Req A Reg B and C Print As of December 31, 2018, 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, 2019? Herences Assets Liabilities Stockholders' Equity b. C ( Red A Regs and
