At the beginning of 2018, Better Corp's accounting records had the following general ledger accounts and balances: CORP Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders' Equity Notes Common Retained Payable S tock Earnings 8,300 34,400 Accounting Titles for Retained Earnings Balance 1/1/2018 Cash Land 23,000 33,000 13,300 Better Corp. completed the following transactions during 1. Purchased land for $11,500 cash. 2. Acquired $38,000 cash from the issue of common stock 3. Received $77,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,700. 5. Borrowed $23,000 cash from the bank 6. Pald a $11,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $48,000. 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, 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? Complete this question by entering your answers in the tabs below. W ram accounung 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. Req A Reg B and C Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in th column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balance there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) Event Assets BETTER CORPORATION Accounting Equation for 2018 Liabilities Stockholders' Equity Notes Common Retained Land Payable Stock Earnings 33,000 - 13,300 8,300 + 34,400 Accounts Titles for Retained Earnings Cash Balance 1/1/2018 23,000 6. 7. Totals Req B and C > U. PU . $11,50 Last UIVIUEN w ure DULKI TOIVEIS. 7. Determined that the market value of the land purchased in event 1 is $48,000. Required a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividen 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 informa 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. Req A Req B and C 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? Stockholders Assets Liabilities + Equity
