Exerclse 1-6A Effect of transactions on general ledger accounts LO 1-2\ At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and balances.\ \\\\table[[Event,Assets,\\\\table[[BETTER CORP.],[Accounting Equation]],\\\\table[[Accounting Titles],[for Retained Earnings]]],[

=

Liabilities +,\\\\table[[Stocknolders],[Equity]]],[Cash,Land,\\\\table[[Notes],[Payable]],\\\\table[[Common Retained],[Stock Earnings]]],[\\\\table[[Balance],[

(1)/(1)/2016

Exercise 1-6A Effect of transactions on general ledger accounts LO 1-2 At the beginning of 2016, Better Corp.'s accounting records had the following general ledger accounts and balances. Better Corp. completed the following transactions during 2016: 1. Purchased land for $5,000 cash. 2. Acquired $25,000 cash from the issue of common stock. 3. Received $75,000 cash for providing services to customers. 4. Paid cash operating expenses of $42,000. 5. Borrowed $10,000 cash from the bank. 6. Paid a $5,000 cash dividend to the stockholders