Retained Earnings Notes Payable 12,600 Cash 16,000 Land 26,000 Balance 1/1/2018 Common Stock 7,600 21,800 Better Corp. completed the following transactions during 2018: 1. Purchased land for $8,000 cash, 2. Acquired $31,000 cash from the issue of common stock. 3. Received $70,000 cash for providing services to customers. 4. Paid cash operating expenses of $41,400. 5. Borrowed $16,000 cash from the bank. 6. Paid a $8,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $41,000. 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 the appropriate titles for these accounts in the last column of the table. b. As of December 31, 2018, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, 2019? Complete this question by entering your answers in the tabs below. RA Reg B and C Complete this question by entering your answers in the tabs below. Reg A Reg B and C Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retail column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) Event Assets Cash + 16,000 + BETTER CORPORATION Accounting Equation for 2018 - Liabilities - Stockholders' Equity Notes Land - Common Retained Payable Stock Earnings 26,000 - 12,600 + 7,600 + 21,800 Accounts Titles for Retained Earnings Balance 1/1/2018 2. L 3. 5 6. 7. Totals L Red Band > D. raud POUUU LOUIVienu uue ULKIRIUS 7. Determined that the market value of the land purchased in event 1 is $41,000. 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 the appropriate titles for these accounts in the last column of the table. b. As of Decembbr 31, 2018, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation. c. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, 2019? Complete this question by entering your answers in the tabs below. Reg A Reg B and C As of December 31, 2018, determine the total amount of assets, liabilities, and stockholders' equity and present this Information in the form of an accounting equation. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, 20197 Assets - Liabilities + Stockholders' Equity ( Reg A Regarde