Deller Corporation began operations 1. Acquired $7,000 cash from the issue of common stock. 2. Borrowed $12,000 cash from the State Bank. 3. Collected $47,000 cash as a result of providing services to customers. 4. Paid $30,000 for operating expenses. 5. Paid an $8,000 cash dividend to the stockholders. 6. Paid $20,000 cash to purchase land. January 1, Tedi 1. During real 1, DC experienced the following accounting events. Required: a. Record the events in an accounting equation like the one shown next. 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. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. Event Beginning Balance 1. Issued stock 2. Borrowed Loan 3. Provided Service 4. Paid operating expenses 5. Paid dividend 6. Land purchase Totals Cash Assets 0 + + + + t + + + + Land BETTER CORPORATION Accounting Equation for Year 1 Liabilities Pray = = = = = Notes Payable 8 of 8 www 0 + + + + + + + + + Common Stock Next + Retained Earnings 0 + + + + + + Stockholders' Equity + 0 Account Titles for Retained Earnings

1. Acquired 57,000 cash from the issue of common stock. 2. Borrowed $12,000 cesh from the State Bank 3. Collected 547,000 cash as a result of prowding services to customen. 4. Paid $30,000 for operating oxpensos: 5. Paid an $8,000 cosh dividend to the stockholders. 6. Paid $20,000 cash to purerase land. Required: a. Record the events in an sccounting equation like the one shown next. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Prowide the appropriate stied for these accounts in the lost column of the tabilo. The firnt event is shown as an example. Note: Enter any decreases to account balances with a minus sign. Not all cells require input