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Milka 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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Milka Company was started on January 1 Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $30100, (2) paid cash expenses of $13,700, and (3) pald a $2,000 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 Mijka Company MIJKA COMPANY Accounting Equation for Year1 Llabilities Assets Event Stockholders Equity Common Retained Stock Earnings Cash 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 Strnt Changes Sheet Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Mljka Compan 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 0 Ending retained earings Total stockholders' equity $ 0 MIJKA COMPANY Balance Sheet As of December 31. Year 1 Assets $ 0 Total assets Llabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0

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