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Maksa Company was stocted on January 1, Yeal I During veos 1, the company expetienced the following occounting events (0) iswed 51,100 worth of common
Maksa Company was stocted on January 1, Yeal I During veos 1, the company expetienced the following occounting events (0) iswed 51,100 worth of common wtock (2) eaned cash revenues of $32,200. (3) padd cash expenses of $14,400, and (4) pad a $2700 cosh dividend to ats stockeldets. These were the ortly events that witected the company during Year I. Requlied a. Record the eftects of each accounting event under the soproptiate genelal ledget account headings b. Prepse ar income statement, statement of changes in stochholders equity, and a balance sheet dated December 31, Year 1, for Maka Comparty Q Answer is not complete. Complete this question by enterng your answers in the tabs below. Recard the effect of each accoumting event under the appropriake general ledger decrnater to sccount balancest with o minat iigh.) Prepare an income statement dated December 31 Prepare a statement of changes in stockholders' equity dated December 31, Yea Majka Company was started on January 1, Yeat 1. During Yeat 1, the company experienced the following accounting events: (1) Issued 51,100 worth of common stock (2) eaned cash revenues of $32,200, (3) paid cash expenses of $14,400, and (4) paid a $2,700 cash dividend to its stockholdets. These were the only events that affected the company during Year 1. Recquirecl a. Fecord the effects of each accounting event undet the approptiate genetal ledget account headings. b. Prepare an income statement, statement of changes in stockholdets' equity, and a balance sheet dated December 31 , Year 1 , for Majka Company * Answer is not complete. Complete this question by entering your answers in the tabs below. Prepare a balance sheet dated December 31. Year 1, for Majka Company
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