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Dakota Company experienced the following events during 2018: 1. Acquired $20,000 cash from the issue of common stock. 2. Paid $22.500 cash to purchase land.

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Dakota Company experienced the following events during 2018: 1. Acquired $20,000 cash from the issue of common stock. 2. Paid $22.500 cash to purchase land. 3. Borrowed $10,000 cash 1. Provided services for $30,000 cash. 5. Paid $2.000 cash for utilities expense. 5. Paid $20,000 cash for other operating expenses. 7. Paid $1,000 cash dividend to the stockholders. 3. Determined that the market value of the land purchased in Event 2 is now $25,000 Required a. The January 1, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. 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. The first event is shown as an example, b-1. Prepare an income statement for the 2018 accounting period. b-2. Prepare a statement of changes in equity for the 2018 accounting period. b-3. Prepare a year-end balance sheet for the 2018 accounting period, b-4. Prepare a statement of cash flows for the 2018 accounting period. c. Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. REGA Req B1 Req B2 Req B3 Req B4 Reqc The January 1, 2018, general ledger account balances are shown in the following accounting equation. Record the eight events in the appropriate general ledger accounts. 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. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Account Titles for Retained Earnings".) Show less Event DAKOTA COMPANY Accounting Equation for 2018 - Liabilities - Stockholders' Equity Notes Common Retained Payable Stock Earnings 15,000 17.500 Account Titles for Retained Earnings Assets Cash + 10,000 20,000 Land 22,500 12018 20.000 Totals Reg 0 > points Complete this question by entering your answers in the tabs below. % 02:13:30 Req A Req B1 Req B2 Req B3 Reg B4 Reqc eBook Prepare an income statement for the 2018 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, 2018 ints Complete this question by entering your answers in the tabs below. 8 02:13:17 Req B2 Reg A Reg B1 Reg B4 Req B3 ReqC eBook Prepare a statement of changes in equity for the 2018 accounting period. DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Print Ending common stock Beginning retained earnings References Ending retained earnings Total stockholders' equity Reg 01 Req 03 > Complete this question by entering your answers in the tabs below. Reg A Req B1 Req B2 Req B3 Req B4 Reqc Prepare a year-end balance sheet for the 2018 accounting period. 02:13:04 DAKOTA COMPANY Balance Sheet As of December 31, 2018 eBook Assets 1 1 Total assets Liabilities Print References Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Req A Req B1 Req B2 Reg B3 Req B4 Reqc Prepare a statement of cash flows for the 2018 accounting period. (Amounts to be deducted should be indicated with a minus sign.) 8 02:12:45 DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities: eBook Not cash flow from operating activities Cash flows from investing activities: Net cash flow from investing activities Cash flows from financing activities References Not cash flow from financing activities Ending cash balance ( Req33 Regc > #3 a. The January 1, 2018, general ledger account balances are shown in the following accounting equation Record th the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retaine column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown b-1. Prepare an income statement for the 2018 accounting period. b-2. Prepare a statement of changes in equity for the 2018 accounting period. b-3. Prepare a year-end balance sheet for the 2018 accounting period. b-4. Prepare a statement of cash flows for the 2018 accounting period. c. Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in rete Complete this question by entering your answers in the tabs below. REGA Req B1 Req B2 Reg B3 Req B4 Reqc Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained earnings? (Round your answer to 1 decimal place.) Percentage of assets Can you determine the cash in retained earnings? 3 4 5 6 7 8

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