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Qekbte Compeny periented the foloring trevs eining Year 2 . 2. Acquircd $30,000 cash from the lssue of common stock. 2. Psic 510,00Dcah to purchase
Qekbte Compeny periented the foloring trevs eining Year 2 . 2. Acquircd $30,000 cash from the lssue of common stock. 2. Psic 510,00Dcah to purchase lanc. 3. Aorrowad \$10,000 cisl 4. Providad servica for $50,000 cash. 5 Prid $1,500 centi far utiltins meperan. 6 Ps $35.000 cash for other opersting esperses. 7. Psid a $10,000 cash drdidend bo the steckhalders. 8. Detenmincd tat the mariot 'alue of the lend purchased In Event 2is now 512,600. Required - The Jambry 1. Vear 2 geteral iedger axcount balances are sham in the folkraing screuting ecuation, Recard the eight eaents in the appopeiate general ledjer accoums. Record the smounts of revenue, expense. and chvidends in the Retared Eamings column. Provide the appropilate tikes for these acccurts in the last column of the tatie. The fret. cecrt is shown as an cxampie. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accourts Titles for Retained Eamings" column may' require an input - leave cells blank if there is no corresponding Retainsd Earnings input noeded. b.1. Prepara an incoma statamant far the Yeur 2 accaunting period
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