Saved Help Save Determined that the market value the land purchased in Event 2 is now $27,500, Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting equation, Record the eight events 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. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding Retained Earnings input needed.) Assets Event DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders' Equity Land Notes Common Retained Payable Stock Earnings 20.000 0 + 10.000+ 15.500 25.000 Account Titles for Retained Earnings Balance 1/1/Year 2 1 2. Cash 5.500 + 25000+ = + + + 3 + + 4 5 6 7 8 Prev 2 of 5 il Next > Search 0 a Saved Help Save Determined that the market value the land purchased in Event 2 is now $27,500, Required a. The January 1, Year 2. general ledger account balances are shown in the following accounting equation, Record the eight events 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. The first event is shown as an example. (Enter any decreases to account balances with a minus sign. Not all cells in the "Accounts Titles for Retained Earnings" column may require an input - leave cells blank if there is no corresponding Retained Earnings input needed.) Assets Event DAKOTA COMPANY Accounting Equation for Year 2 Liabilities Stockholders' Equity Land Notes Common Retained Payable Stock Earnings 20.000 0 + 10.000+ 15.500 25.000 Account Titles for Retained Earnings Balance 1/1/Year 2 1 2. Cash 5.500 + 25000+ = + + + 3 + + 4 5 6 7 8 Prev 2 of 5 il Next > Search 0 a