mit View History Bookmarks People Tab Window Help des 16-3 X Connect 94% We M MHE Reader heducation.com exmandech? ConsConexternal browserstaunchurahttp%253A%252F%252Fnewe in Terms Of Hoo Coun Get Homework Help inment 3 & Chp 2-Assignment1 NP Sowed Help Save & Exit Submit Check my work 1. Acquired an additional $24,000 from the issue of common stock 2. Received $95,000 for providing services in Year 2. 3. Paid $15,000 to reduce notes payable. 4. Paid expenses amounting to $71,500. 5. Paid a $3,000 dividend to the stockholders. 6. Determined that the market value of the land is $47000 Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 and in Year 2 ore recorded. Complete this question by entering your answers in the tabs below. Red Req Reg 1 Reg 3 Reg 14 Regc Reg Prov 1 of 2 Next > 1) 7 5 3 U mit View History Bookmarks People Tab Window Help des 16-3 X Connect 94% We M MHE Reader heducation.com exmandech? ConsConexternal browserstaunchurahttp%253A%252F%252Fnewe in Terms Of Hoo Coun Get Homework Help inment 3 & Chp 2-Assignment1 NP Sowed Help Save & Exit Submit Check my work 1. Acquired an additional $24,000 from the issue of common stock 2. Received $95,000 for providing services in Year 2. 3. Paid $15,000 to reduce notes payable. 4. Paid expenses amounting to $71,500. 5. Paid a $3,000 dividend to the stockholders. 6. Determined that the market value of the land is $47000 Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 and in Year 2 ore recorded. Complete this question by entering your answers in the tabs below. Red Req Reg 1 Reg 3 Reg 14 Regc Reg Prov 1 of 2 Next > 1) 7 5 3 U
