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please help At the beginning of 2008. Starr Company's accounting records had the general ledger accounts and balances shown in the table below. During 2008,
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At the beginning of 2008. Starr Company's accounting records had the general ledger accounts and balances shown in the table below. During 2008, the following transactions occurred: 1. received $80,000 cash for providing services to customers 2. paid rent expense, $10,000 3. purchased land for $9,000 cash 4. paid $5,000 on note payable 5. paid operating expenses, S52,000 6. paid cash dividend, $6,000 Required: a) Record the transactions in the appropriate general ledger accounts. 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. Start Company Accounting Equation Liabilities + Stockholders' Equity Event Assets Acct. Titles for RE Cash Land Notes Payable $10,000 Common Stock $32,000 Retained Eamungs $14,000 Balance 1/1/08 516,000 $40,000 2 6 Balances b) What is the amount of total assets as of December 31, 2008? c) What is the amount of total stockholders' equity as of December 31, 2008Step by Step Solution
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