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Mijka Company was started on January 1, Year 1 During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of

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Mijka Company was started on January 1, Year 1 During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and (3) paid a $1.500 cash dividend to its stockholders. These 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 dated December 31. Year 1, for Mljka Company Req A Req B Inc Req B Stmt of Reg B Bal Stmt Changes Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decrea account balances with a minus sign. Not all cells require input.) MIJKA COMPANY Accounting Equation for Year 1 Assets Liabilities + Stockholders' Equity Common Retained Cash Stock Earnings Event + 1 2 3 Ending balance 0 0 0 0 Prepare an income statement dated December 31, Year 1 for Mijka Company. MIJKA COMPANY Income Statement For the Year Ended December 31, Year 1 0 Prepare a statement of changes in stockholders' equity dated December 31, Year 1 for Mijka Company. MIJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Plus: Common stock issued Ending common stock $ Beginning retained earnings 0 Ending retained earnings Total stockholders' equity OO $ Prepare a balance sheet dated December 31, Year 1, for Mijka Company.. MIJKA COMPANY Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders equity $ 0

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