Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Milka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: 0 earned cash revenues of $29,800, (2)
Milka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: 0 earned cash revenues of $29,800, (2) paid cash expenses of $13.600. and (3) paid a $1,900 cash dividend to its stockholders. These were the only events that affected the company during 2018. 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, 2018, for Mijka Company. Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Chg Se Reg B Bal Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) Event MIJKA COMPANY Accounting Equation for 2018 Assets Liabilities - Stockholders' Equity Common Retained Cash Stock Earnings + + + + + Ending balance Req Inc Stmt> Mika Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: 0 earned cash revenues of $29,800, (2) paid cash expenses of $13.600, and (3) paid a $1,900 cash dividend to its stockholders. These were the only events that affected the company during 2018. 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, 2018, for Mijka Company. Complete this question by entering your answers in the tabs below. below. Req A Req B Inc Stmt Req B Chg SE Red B Bal Sheet Prepare an income statement dated December 31, 2018, for Mijka Company MIJKA COMPANY Income Statement For the Year Ended December 31, 2018 available un earu Last revenues UI 43,0v, 12) poiu LOS AND VIDIOU. were the only events that affected the company during 2018. LUIS SIULRITU, be 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, 2018, for Mijka Company. Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Cho Se Req B Bal Sheet Prepare a statement of changes in stockholders' equity dated December 31, 2018, for Mika Company MIJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Plus: Common stock issued Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity ( Regine Stmt Rag & Bal Sheet > comeu Lasteveres UI 43,, 14) Paru can expenses UI DISOUV, 110 were the only events that affected the company during 2018. polu a PLJUU LASI UIVI IL SUCRIEI E 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, 2018, for Mijka Company. Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Chg Se Reg B Bal Prepare a balance sheet dated December 31, 2018, for Mijka Company MIJKA COMPANY Balance Sheet As of December 31, 2018 Assets Total assets Llabilities Stockholders' equity Common stock Total stockholders' equity Total liabilities and stockholders' equity
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started