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Complete this question by entering your answers in the tabs below. Req A Req B and C Record the transactions in the accounting equation
Complete this question by entering your answers in the tabs below. Req A Req B and C 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.) Show less Accounting Equation Accounting Equation for Year 2 Event Assets Liabilities + Stockholders' Equity Accounts Titles for Cash Land Notes Payable + Common Stock + Retained Earnings Retained Earnings Balance 1/1/Year 2 14,000 + 24,000 = 12,400 + 7,400 + 18,200 1. + 2. 3. 4. 5 6. 7. Totals 14,000 + 24,000 = 12,400 + 7,400 + 18,200 Req A Req B and C >
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