Saved 2 As of December 31, Year 2, Moss Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100. During Year 3, Moss earned $33,000 of cash revenue paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, Year 2 b.& c. Create an accounting equation and record the beginning account balances, revenue, expense and dividend events under the appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3. 0 points eBook Complete this question by entering your answers in the tabs below. Print Reg A Red Band Reg D Determine the amount of retained earnings as of December 31, Year 2 References Retained earning Req Band C > 2 As of December 31, Year 2, Moss Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100 During Year 3 Moss earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockholders 10 points Required a. Determine the amount of retained earnings as of December 31 Year 2 b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31, Year 3. eBook Complete this question by entering your answers in the tabs below. Print Rega Reg Band Reg D References Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate headings of the accounting equation Enter any decreases to account balances with a minus sign.) MOSS COMPANY Effect of Year 3 Transactions on the Accounting Equation Assets Liabilities Stockholders' Equity Event Cash Notes Common Retained Payable Stock Earnings Beginning balances 1. Eanod revenue 2 Pald expenses 3 Pald dividend Ending balance 0 0- 2 As of December 31, Year 2. Moss Company had total cash of $153,000, notes payable of $85,300, and common stock of $52,100 During Year 3. Moss earned $33,000 of cash revenue, paid $18,500 for cash expenses, and paid a $2,700 cash dividend to the stockholders 10 Doints Required a. Determine the amount of retained earnings as of December 31, Year 2. b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under appropriate headings of the accounting equation d. Complete the equality of the accounting equation as of December 31. Year 3 eBook Complete this question by entering your answers in the tabs below. Print Reg A Reg B and C Rego Complete the equality of the accounting equation as of December 31, Year 3. References Assets Liabilities Stockholders Equity +
