Required information [The following information applies to the questions displayed below.) Mark's Consulting experienced the following transactions for 2018, its first year of operations, and 2019. Assume that all transactions involve the receipt or payment of cash. Transactions for 2018 1. Acquired $80.000 by issuing common stock 2 Received $130,000 cash for providing services to customers. 3. Borrowed $21.000 cash from creditors 4. Paid expenses amounting to $54,000 5. Purchased land for $40,000 cash. Transactions for 2019 Beginning account balances for 2019 are: Cash Land Totes payable Common stock Retained earnings $137,000 40,000 21,000 30,000 76,000 Check my w Part 1 of 6 1. Acquired an additional $26,000 from the issue of common stock 2 Received $136.000 for providing services 3. Paid $16,000 to creditors to reduce loan 4. Paid expenses amounting to $69.000. 5. Paid a $12,000 dividend to the stockholders. 6. Determined that the market value of the land is $50,000 points Skipped ebook Required a. Record the effects of each accounting event under the appropriate headings for each year. 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 Complete this question by entering your answers in the Reg A 2018 Reg A 2019 the amounts of revenue expense, and the last column of the table, Enter any decreases Record the effects of each accounting event under the app dividends in the Retained Earnings column. Provide appropriate Help Seve & Exit Submit 12 Required information Check my work Req A 2018 Req A 2019 rt 1 of 6 Record the effects of each accounting event under the appropriate headings for the year 2018. 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. (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells will require input.) Show less Sints Skipped Assets MARK'S CONSULTING Accounting Equation for 2018 Llabilities Stockholders' Equity Notes Common Retained Earnings Payable Account Titles for Retained Earnings Event Cash + Land Reg A 2013 1293 M LK 1 Homework Problems Help Seve & Exit Check Required information Req A 2018 Reg A 2019 Part 1 of 5 Record the effects of each accounting event under the appropriate headings for the year 2019. 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 (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells will require input.) Show less points Spoed MARK'S CONSULTING Accounting Equation for 2019 Liabilities Stockholders' Equity Common Retained Assets Account Titles for Retained Earnings Cash 33 4 13