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Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (0) earned cash revenues of
Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (0) earned cash revenues of $34,300, (2) paid cash expenses of $15,100, and (3) paid a $3,400 cash dividend to its stockholders. T were the only events that affected the company during Year 1 Required a. Record the effects of each accounting event under the appropriate general ledger account headings. b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet Majka Company. Complete this question by entering your answers in the tabs below Required B Inc Stmt Required B Stmt ofRequired B Bal Required A Sheet hanges Required B Stmt of Changes Record the effects of each acc account balances with a minus sign.) ppropriate general ledger account headings. (Enter any decreases to MAJKA COMPANY Accounting Equation for Yea Assets Liabilities Stockholders' Equity Event Common Stock Retained Earnings Cash 2. 3
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