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Record the transactions in the appropriste general ledger accounts. Record the ameunts of revenue, expense, and devidends in the Provide the appropriate tities for these

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Record the transactions in the appropriste general ledger accounts. Record the ameunts of revenue, expense, and devidends in the Provide the appropriate tities for these accounts in the last column of the table. (Enter any decreases to account balances with an entry.) Exercise 1.14A (Algo) Missing information for determining net income LO 1.7 The December 31, Year 1 , bolance sheet for Deen Compary showed total stockholders' equity of $68,500. Total stockholders' equity increased by $32,500 between December 31 , Year 1 , end December 31, Year 2 . During Year 2, Deen Company accuired $13,000 cash from the issue of common stock. Deen Company paid a $6.500 cash dividend to the stockholders during Yeor 2 Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint Remember that stock. issues, net income, and dividends all change total stockholders' equity) Record the transactions in the appropriste general ledger accounts. Record the ameunts of revenue, expense, and devidends in the Provide the appropriate tities for these accounts in the last column of the table. (Enter any decreases to account balances with an entry.) Exercise 1.14A (Algo) Missing information for determining net income LO 1.7 The December 31, Year 1 , bolance sheet for Deen Compary showed total stockholders' equity of $68,500. Total stockholders' equity increased by $32,500 between December 31 , Year 1 , end December 31, Year 2 . During Year 2, Deen Company accuired $13,000 cash from the issue of common stock. Deen Company paid a $6.500 cash dividend to the stockholders during Yeor 2 Required Determine the amount of net income or loss Deen reported on its Year 2 income statement. (Hint Remember that stock. issues, net income, and dividends all change total stockholders' equity)

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