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feel in the blue table At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP

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At the beginning of Year 2, Better Corp.'s accounting records had the following general ledger accounts and balances. BETTER CORP Accounting Equation Accounting Titles for Retained Earnings Liabilities Notes Payable 13,200 Stockholders' Equity + Assets Event Retained Earnings 32,600 Common Stock Land Cash 8,200 32,000 Balance 01/01/Year 2 22,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Required a. Record the transactions 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. b. As of December 31, Year 2, determine the total amount of assets, lilabilities, and stockholders' equity and present this information in the form of an accounting equation c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the transactions 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. (Enter any decreases to account balances with a minus sign. Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".) Show less BETTER CORPORATION Accounting Equation for Year 1 Stockholders' Equity Event Liabilities Assets Accounts Titles for Retained Earnings Notes Payable Common Retained Cash Land + Earnings Stock a. Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earnings colulnn. Provide the appropriate titles for these accounts in the last column of the table. b. As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. Required A Required B Required C Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a m Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".) BETTER CORPORATION Accounting Equation for Year 1 Liabilities Stockholders' Equity Retained Earnings Event Assets + Accounts Titles for Retained Earnings Notes Payable 13,200 Common Stock Cash Land 22,000+ 8,200 Balance 1/1/Year 2 32,000 32,600 1 2. 3 4. 5 6 7. 8,200 32,600 13,200 22,000 32,000 Totals Required A Required B Accounting Retained Stockholders' Equity Liabilities Assets Event Retained Earnings 32,600 Common Stock Notes Payable 13,200 Cash Land 8,200 Balance 01/01/Year 2 22,000 32,000 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800 5. Borrowed $22,000 cash from the bank 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Required a. Record the transactions 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. b. As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. Reqlired B Required A Required C As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. Stockholders Equity Liabilities Assets Required A Required C > ework Saved Accounting Equation Accounting Retained Event Stockholders' Equity Assets Liabilities Retained Earnings Cash Land Notes Payable 13,200 Common Stock Balance 01/01/Year 2 22,000 32,000 8.200 32,600 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $11,000 cash. 2. Acquired $37,000 cash from the issue of common stock. 3. Received $76,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,800. 5. Borrowed $22,000 cash from the bank. 6. Paid a $11,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $47,000. Required a. Record the transactions 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. b. As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Complete this question by entering your answers in the tabs below. Required B Required C Required A What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? Stockholders' Liabilities Assets Equity nequired c Required B

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