Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet 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 $30,100, (2) paid cash expenses of $13,700, and (3) paid 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. Complete this question by entering your answers in the tabs below. Req B Inc Req A Stmt Req B Stmt of Changes Req 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. Not all cells require input.) MIJKA COMPANY Accounting Equation for Year1 Assets Liabilities Event Cash = 1. = + Stockholders' Equity Common Retained + + Stock Earnings + + 2. = + + 3. = + + Ending balance = < Req A + Req B Inc Stmt > Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet 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 $30,100, (2) paid cash expenses of $13,700, and (3) paid 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. Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Stmt of 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 < Req A Req B Stmt of Changes > Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet 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 $30,100, (2) paid cash expenses of $13,700, and (3) paid 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. Complete this question by entering your answers in the tabs below. Req A Req B Inc Req B Stmt of Req B Bal Stmt 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 Ending retained earnings Total stockholders' equity < Req B Inc Stmt Req B Bal Sheet > Problem: Module 1 Textbook Problem 2 Learning Objective: 1-4 Prepare an income statement, a statement of changes in stockholders' equity, and a balance sheet 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 $30,100, (2) paid cash expenses of $13,700, and (3) paid 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. Complete this question by entering your answers in the tabs below. Req A Req B Inc Stmt Req B Stmt of Req B Bal Changes Sheet Prepare a balance sheet dated December 31, Year 1, for Mijka Company. Assets MIJKA COMPANY Balance Sheet As of December 31, Year 1 Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity < Req B Stmt of Changes Req B Bal Sheet >