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Mika 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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Mika Company was started on January 1 Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28.900.(2) paid cash expenses of $13,300, and (3) paid a $1,600 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 Mika Company Req A Req B Inc Stmt Req B Stmt of Req B Bal 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 Yeart Assets + Liabilities Stockholders' Equity Event Cash Common Stock Retained Earnings 1. + + ## - + 2 3 . Ending balance 0 0 0 RAGA Req B Inc Stmt > nces Complete this question by entering your answers in the tabs below. Req A Req B Inc Req B Stmt of Stmt Changes Req B Bal Sheet 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 Req A Req B Inc Stmt Reg B Stmt of Req B Bal Changes Sheet 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 S 0 0 Ending retained earnings Total stockholders' equity $ 0 Req A Req B Inc Req B Stmt of Stmt Changes Req B Bal Sheet Prepare a balance sheet dated December 31, Year 1, for Mijka Company. MIJKA COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets $ 0 Liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0

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