want assistance with my homework Give me a good explanation, please, and Support the following
At the beginning of Year 2, Better Corporation's accounting records had the following general ledger accounts and balances. Better Corporation completed the following transactions during Year 2: 1. Purchased land for $12,000cash. 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 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 tites for these occounts in the last column of the table. b. As of December 31, Year 2 , determine the total amount of assets, liobilities, 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, Year 3 ? Complete this question by entering your answers in the tabs below. 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 tities for these accounts in the last column of the table. (Enter any decreases to account balances with a minus sign. Not all cells require entry.) Complete this question by entering your answers in the tabs below. As of December 31, Year 2, determine the total amount of assets, liabilities, and stockhoiders' equity and present this information in the form of an accounting equation. Complete this question by entering your answers in the tabs below. What is the amount of total assets, liabilities, and stockholders' equity as of January 1, Year 3