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At the beginning of Year 2 Better Corps accounting equation showed the following accounts and balances Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders!

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At the beginning of Year 2 Better Corps accounting equation showed the following accounts and balances Event Assets BETTER CORP. Accounting Equation Liabilities + Stockholders! Equity Notes Common Retained Payable Stock Earnings 13,000 8,000 29,000 Accounting Titles for Retained Earnings Cash Land Balance 1/1/Year 2 20,800 30,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $10,000 cash. 2. Acquired $35,000 cash from the issue of common stock 3. Received $74,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,000. 5. Borrowed $20,000 cash from the bank. 6. Paid a $10,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $45,000. 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 t. Year 3? Complete this question by entering your answers in the tabs below. Req A Reg Band Complete this question by entering your answers in the tabs below. Reg A Req Band C 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 Re

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