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 $31,000, (2) paid cash expenses of $14,000, and (3) paid a $2,300 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. Reg A Req B Inc Stmt Reg 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 Yeart Liabilities Assets + Event Stockholders' Equity Common Retained Stock Earnings Cash + 1 . . 2 3. Ending balance . 0 0 Regine Siml> 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 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 $31,000, (2) paid cash expenses of $14,000, and (3) paid a $2,300 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. Strnt Req Binc Req B Stmt of Req B Bal Reg A Changes Sheet Prepare an income statement dated December 31, Year 1, for Mika Company. MIJKA COMPANY Income Statement For the Year Ended December 31, Year 1 $ 0 Reg 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 $31,000, (2) paid cash expenses of $14,000, and (3) paid a $2,300 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. Reg B Inc Reg A Reg Stmt of Red B Bal Stmt Changes Sheet Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Miska Company MIJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Endod Docomber 31, Yoar 1 Beginning common stock Plus: Common stock issued Ending common stock 0 Beginning retained earnings $ 0 Ending retained earnings Total stockholders' equity $ 0 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 $31,000, (2) pald cash expenses of $14,000, and (3) paid a $2,300 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. Reg A Reg B Inc Stmt Reg B Stmt of Changes Reg B Bal Sheet Prepare a balance sheet dated December 31, Year 1, for Mijka Company, MUKA COMPANY Balance Sheet As of December 31, Year 1 Assets $ 0 Total assets Liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0
