At the beginning of 2018, Better Corp.'s accounting records had the following general ledger accounts and balances: BETTER CORP. Accounting Equation Event + Accounting Titles for Retained Earnings Liabilities Notes Payable 12,900 Cash Land 19.000 29.000 Stockholders' Equity Common Retained Stock Earnings 7,900 27,200 Balance 1/1/2018 Better Corp. completed the following transactions during 2018: 1. Purchased land for $9,500 cash, 2. Acquired $34,000 cash from the issue of common stock. 3. Received $73,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,100. 5. Borrowed $19,000 cash from the bank. 6. Paid a $9.500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $44,000. 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. Reg A Reg B and C 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 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 Event Assets BETTER CORPORATION Accounting Equation for 2018 - Liabilities + Stockholders' Equity Notes Common Retained Land = Payable 1 * Earnings 29,000 = 12,900 - 7.900 + 27,200 Accounts Titles for Retained Earnings Cash + Stock Balance 1/1/2018 19,000 + 3. Totals Reg Band C > Complete this question by entering your answers in the tabs below. Reg A Reg 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? Assets Liabilities Stockholders' Equity
