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Better Corporation cimpleted the following transactions during Year 2 : Purchased land for $ 1 2 , 0 0 0 cash. Acquired $ 3 9
Better Corporation cimpleted the following transactions during Year :
Purchased land for $ cash.
Acquired $ cash from the issue of common stock.
Received $ cash for providing services to customers.
Paid cash operating expenses of $
Borrowed $ cash from the bank.
Paid a $ cash dividend to the stockholders.
Determined that the market value of the land purchased in event is $
Required
a Record the transactions in the accounting equation for Year 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 Year 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 Year
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