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Hello! dong some practice extra credit and in need of some help Thank you Accounting Titles for Retain Earnings BETTER CORP Accounting Equation Liabilities -

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Hello! dong some practice extra credit and in need of some help Thank you

Accounting Titles for Retain Earnings BETTER CORP Accounting Equation Liabilities - Stockholders' Equity Notes Payable Common Stock Retained Earnings 12,38e 7.300 16,488 Event Assets Land 23,00 Cash 1 3,889 Balance 01/01/Year 2 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $6,500 cash. 2 Acquired $28.000 cash from the issue of common stock. 3. Received $67,000 cash for providing services to customers. 4. Pald cash operating expenses of $41,700. 5. Borrowed $13.000 cash from the bank. 6. Pald a $6,500 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event is $38.000 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 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".) Event Assets Cash + as 13.000 - BETTER CORPORATION Accounting Equation for Year 1 = Liabilities + Stockholders' Equity Land = Notes + Common + Retained Land Payable Stock Earnings 23.000 = 12.300 + 7,300 16.400 6.500 = 1 28.000 + Accounts Titles for Retained Earnings Balance 1/1/Year 2 1. 2. 3. 87.0001 - 41.700 = 13.000 Totals 80.000 + 29,500 = 67.000 + 35,300 + 16.400

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