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At the beginning of Year 2. Better Corp's accounting equation showed the following accounts and balances: Event Annets DIETER COM Accounting Equation Stockholders Equity Motor

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At the beginning of Year 2. Better Corp's accounting equation showed the following accounts and balances: Event Annets DIETER COM Accounting Equation Stockholders Equity Motor Connon stained Payable stock Earning 13.400 8.400 35,200 Accounting title for baised tarnings Balance 1/1/Year 2 cash Land 24,000 34.000 Better Corp.completed the following transactions during Year 2: 1. Purchased and for $12,000 cash 2. Acquired $39.000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers 4. Pald cash operating expenses of $40,600 5. Borrowed $24,000 cash from the bank 6. Paid a $12.000 cash dividend to the stockholders 7. Determined that the market value of the land purchased in event is $49.000 Required 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 1 Year 3? Reg A Reg Band 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. (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. Not all cells require input) Event Assets Accounting Equation Accounting Equation for Year 2 Liabilities Stockholders' Equity Notes Common Retained Land Payable Stock Eaming 34,000 = 13,400 - 8,400 36,200 Accounts Titles for Retained Earnings Cash . Balance Year 2 24,000 1. 2 3 4 5 6 7 Total 24,000 34,000 = 13400 8.400 36,200 Reg A Reg B and C As of December 31, Year 2, determine the total amount of assets, labilities, and stockholders' equity and present this Information in the form of an accounting equation. What is the amount of total assets, labilities, and stockholders' equity as of January 1, Year 3? Assots Liabilities Stockholders Equity G

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