Dakota Company experienced the following events during Year 2 1. Acquired S30,000 cash from the issue of common stock 2. Paid $12.000 cash to purchase land. 3. Borrowed $10,000 cash 4. Provided services for $20,000 cash 5. Paid $1,000 cash for utilities expense 6. Paid $15,000 cash for other operating expenses 7. Paid a $2,000 cash dividend to the stockholders 8. Determined that the market value of the land purchased in Event 2 is now $12.700. Required a. The January 1 Year 2. 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 Year 2 accounting period b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period b-4. Prepare a statement of cash flows for the Year 2 accounting period c-1. Determine the percentage of assets that were provided by retained earnings c-2. Can you determine the cash in retained earnings? Hint The January 1, Year 2. 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 there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells require input.) Show less Deferences Assets Event Cash Land 12,000 DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders'Equity Notes Account Titles for Retained Common Retained Earnings Payable Stock Earnings 6,000+ 8.000 30.000+ Operating expense 2000 30.000 1/1/Year 2 1 2 3 4 - (12.000) . 5 . 6 7 8 Total 32,000 36.000 8,000 Req 81 > 5 points Required a. The January 1, Year 2. general ledger account balances are shown in the following the appropriate general ledger accounts. Record the amounts of revenue, expense, Provide the appropriate titles for these accounts in the last column of the table. The b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? eBook Hint Complete this question by entering your answers in the tabs below. Print Req A Req B1 Reg B2 Req B3 Reg B4 Reg C1 References Prepare an income statement for the Year 2 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Me Graw 99 B 1 5 points Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividend Provide the appropriate titles for these accounts in the last column of the table. The first event is: b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? eBook Complete this question by entering your answers in the tabs below. Req A Reg B1 Reg B2 Req B3 Red B4 Reg C1 Reg C2 Print Prepare a statement of changes in equity for the Year 2 accounting period. References DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31. Year 2 Beginning common stock 0 Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity 0 0 $ Mc 1 b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. eBook Req A Req B1 Reg B2 Reg B3 Reg B4 Req C1 Reg C Prepare a year-end balance sheet for the Year 2 accounting period. Hint DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Print Assets ferences Total assets Liabilities $ 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 0 $ 11 B b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reg B3 Red B4 Reg C1 Reg C2 Prepare a statement of cash flows for the Year 2 accounting period. (Cash outflows should be indicated with DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance 5 0 Prey 1 of arning - FS prep Dakota Company experienced the following events during Year 2 1. Acquired $30,000 cash from the issue of common stock 2. Paid $12,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $20,000 cash. 5. Paid $1,000 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $2,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,700 Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting equation the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Re Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Req B1 Reg B2 Req B3 Reg 14 Red C1 Reg C2 Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimal pla Per fasts Prov x FS preprix D Connect https://ezto.mheducation.com/ext/map/index.html?_con-con&external browser=08 launchUrl=https%253 Adl Learning - FS prep A Sed 1. Acquired $30,000 cash from the issue of common stock 2. Paid $12,000 cash to purchase land. 3. Borrowed $10.000 cash 4. Provided services for $20,000 cash 5. Paid $1,000 cash for utilities expense 6. Paid $15,000 cash for other operating expenses 7. Paid a $2.000 cash dividend to the stockholders 8. Determined that the market value of the land purchased in Event 2 is now $12,700. Box HI Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation Record the appropriate general ledger accounts Record the amounts of revenue expense, and dividends in the Retained Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an exam b-1. Prepare an income statement for the Year 2 accounting period b-2. Prepare a statement of changes in equity for the Year 2 accounting period b-3. Prepare a year-end balance sheet for the Year 2 accounting period b-4. Prepare a statement of cash flows for the Year 2 accounting period c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Req B1 Reg 2 Red B3 Reg 34 Reg C1 Reg C2 Can you determine the cash in retained earnings? Can you in the cash in retained earrings? 5 points Required a. The January 1, Year 2. general ledger account balances are shown in the following the appropriate general ledger accounts. Record the amounts of revenue, expense, Provide the appropriate titles for these accounts in the last column of the table. The b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? eBook Hint Complete this question by entering your answers in the tabs below. Print Req A Req B1 Reg B2 Req B3 Reg B4 Reg C1 References Prepare an income statement for the Year 2 accounting period. DAKOTA COMPANY Income Statement For the Year Ended December 31, Year 2 Me Graw 99 B 1 5 points Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividend Provide the appropriate titles for these accounts in the last column of the table. The first event is: b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? eBook Complete this question by entering your answers in the tabs below. Req A Reg B1 Reg B2 Req B3 Red B4 Reg C1 Reg C2 Print Prepare a statement of changes in equity for the Year 2 accounting period. References DAKOTA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31. Year 2 Beginning common stock 0 Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity 0 0 $ Mc 1 b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. eBook Req A Req B1 Reg B2 Reg B3 Reg B4 Req C1 Reg C Prepare a year-end balance sheet for the Year 2 accounting period. Hint DAKOTA COMPANY Balance Sheet As of December 31, Year 2 Print Assets ferences Total assets Liabilities $ 0 Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 0 0 $ 11 B b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Req A Req B1 Req B2 Reg B3 Red B4 Reg C1 Reg C2 Prepare a statement of cash flows for the Year 2 accounting period. (Cash outflows should be indicated with DAKOTA COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities $ 0 Net cash flow from operating activities Cash flows from investing activities 0 Net cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Ending cash balance 5 0 Prey 1 of arning - FS prep Dakota Company experienced the following events during Year 2 1. Acquired $30,000 cash from the issue of common stock 2. Paid $12,000 cash to purchase land. 3. Borrowed $10,000 cash. 4. Provided services for $20,000 cash. 5. Paid $1,000 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $2,000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,700 Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting equation the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Re Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as b-1. Prepare an income statement for the Year 2 accounting period. b-2. Prepare a statement of changes in equity for the Year 2 accounting period. b-3. Prepare a year-end balance sheet for the Year 2 accounting period. b-4. Prepare a statement of cash flows for the Year 2 accounting period. c-1. Determine the percentage of assets that were provided by retained earnings c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Req B1 Reg B2 Req B3 Reg 14 Red C1 Reg C2 Determine the percentage of assets that were provided by retained earnings. (Round your answer to 1 decimal pla Per fasts Prov x FS preprix D Connect https://ezto.mheducation.com/ext/map/index.html?_con-con&external browser=08 launchUrl=https%253 Adl Learning - FS prep A Sed 1. Acquired $30,000 cash from the issue of common stock 2. Paid $12,000 cash to purchase land. 3. Borrowed $10.000 cash 4. Provided services for $20,000 cash 5. Paid $1,000 cash for utilities expense 6. Paid $15,000 cash for other operating expenses 7. Paid a $2.000 cash dividend to the stockholders 8. Determined that the market value of the land purchased in Event 2 is now $12,700. Box HI Required a. The January 1, Year 2, general ledger account balances are shown in the following accounting equation Record the appropriate general ledger accounts Record the amounts of revenue expense, and dividends in the Retained Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an exam b-1. Prepare an income statement for the Year 2 accounting period b-2. Prepare a statement of changes in equity for the Year 2 accounting period b-3. Prepare a year-end balance sheet for the Year 2 accounting period b-4. Prepare a statement of cash flows for the Year 2 accounting period c-1. Determine the percentage of assets that were provided by retained earnings. c-2. Can you determine the cash in retained earnings? Complete this question by entering your answers in the tabs below. Reg A Req B1 Reg 2 Red B3 Reg 34 Reg C1 Reg C2 Can you determine the cash in retained earnings? Can you in the cash in retained earrings?