BETTER CORPORATION Acting f lance 01/01/ A Cask 10.000 30.000 Better Corporation completed the following transactions during Year 2 1. Purchased land for $5,000 cash 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to customers. 4. Paid cash operating expenses of $42,000 5. Borrowed $10,000 cash from the bank. 6. Paid a $5,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event is $35,000. Required Al 3,000 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 tities for these accounts in the last column of the table b. As of December 31, Year 2, determine the total amount of assets, labilties, and stockholders' equity and present this information in the form of an accounting equation e. What is the amount of total assets, labilities, and stockholders' equity as of January 1, Year 27 Complete this question by entering your answers in the tals below. Requred Requir Record the transactions in the appropriate general ledger accounts. Record the amounts of revenus, expense, and dividends in the Retained Camins de the appropriate titles for these accounts in the last column of the tatie. (Enter any decreases to a belences with a minus got a BETTER CORPORATION Accounting Equation for Year 2 Event Next>>