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Majka Company was started on January 1, 2016. During 2016, the company experienced the following three accounting events: (1) earned cash revenues of $32,200, (2)

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Majka Company was started on January 1, 2016. During 2016, the company experienced the following three accounting events: (1) earned cash revenues of $32,200, (2) paid cash expenses of $14,400, and (3) paid a $2,700 cash dividend to its stockhoiders. These were the only events that affected the company during 2016. Required a. Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, 2016, for Majka Company. MAJKA COMPANY Statement of Changes in Stockholders' Equity. For the Year Ended December 31, 2016 MAJKA COMPANY Batance Sheot As of December 31,2016 Assets Total assets Liabilities Stockholders' equity Total stockhoiders' equity b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, 2016, for Majka Company

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