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t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders

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t the beginning of Year 2, Better Corp's accounting records had the following general ledger accounts and balances. BETTER CORP. Accounting Equation . Liabilities+ Stockholders Equity stockR Event Assets Cash 24,000 Retained Earnings Land 34,000 Balance 01/01/Year 2 13,400 8,400 36,200 Better Corp. completed the following transactions during Year: 1. Purchased land for $12,000 cash. 2. Acquired $39,000 cash from the issue of common stock 3. Received $78,000 cash for providing services to customers. 4. Paid cash operating expenses of $40,600 5. Borrowed $24,000 cash from the bank. 6. Paid a $12,000 cash dividend to the stockholders. 7. Determined that the market value of the land purchased in event 1 is $49,000 Required Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Earn column. Provide the appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a minus s Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings".) R CORPORATION Accounting Equation for Year 1 Liabilities Equity Accounts Titles for Retained Retained Earnings Event Assets Notes + Cash Land. 24,000 34,000 13,400 8,400 36,200 Hint Print Required A Required B Required C As of December 31, Year 2, determine the total amount of assets, liabilities, and stockholders' equity and present this information in the form of an accounting equation.. Assets Liabilities+ Hint Print References Required A Required B Required C What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3? sets = Liabilities:+Stockholders Equity K Required B

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