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L. The January 1, Year 2, general ledger account balances are shown in the following accounting squation. Record the eight events in the appropriate general

image text in transcribed L. The January 1, Year 2, general ledger account balances are shown in the following accounting squation. Record the eight events in the appropriate general ledger accounts. Record the amounts of evenue, expense, and dividends in the Retained Earnings column. Provide the appropriate titles for hese accounts in the last column of the table. The first event is shown as an example. 1-1. Prepare an income statement for the Year 2 accounting period. 1-2. Prepare a statement of changes in equity for the Year 2 accounting period. 1-3. Prepare a year-end balance sheet for the Year 2 accounting period. 1-4. Prepare a statement of cash flows for the Year 2 accounting period. :-1. Determine the percentage of assets that were provided by retained earnings. :-2. How much cash is in the Retained Earnings account? The lanuary 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.) Prepare an income statement for the Year 2 accounting period. Show less A Prepare a statement of changes in equity for the Year 2 accounting period. Prepare a year-end balance sheet for the Year 2 accounting period. Prepare a statement of cash flows for the Year 2 accounting period. (Cash outflows should be indicated with a minus sign.)

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