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will rate !! ( in the last colum state if its a dividen,operating expense or revenue) At the beginning ot 2018, better Corp s accounting
will rate !!
At the beginning ot 2018, better Corp s accounting records had the tollowing general ledger accounts and balances Accounting Equation Titles Event Asset Liabilities Stockholders' Equi Connon Notes Retained Balance 22,e00 32,eee 13,200 8,280 2,680 Better Corp. completed the following transactions during 2018: 1 Purchased land for $11,000 cash. 2 Acquired $37,000 cash from the Issue of common stock 3. Recelved $76,000 cash for providing services to customers 4. Pald cash operating expenses of $40,800 5. Borrowed $22,000 cash from the bank. 6. Pald a $11,000 cash dividend to the stockholders 7. Determined that the market value of the land purchased In event 1 ls $47,000 Required a Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends In the Retalned Earnings column. Provide the approprlate titles for these accounts In the last column of the table b. As of December 31, 2018, determine the total amount of assets, Iablitmes, and stockholders' equity and present this information in c What is the amount of total assets, Ilablities, and stockholders equity as of January 1, 2019? the form of an accounting equation. a Record the transactions In the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retalned Earmings column Provide the appropriate ttles for these accounts In the last column of the table. the form of an accounting equation b. As of December 31, 2018, determine the total amount of assets, lablirtes, and stockholders' equity and present this Information In C What is the amount of total assets,labililties, and stockholders' equity as of January 1, 2019 Complete this question by entering your answers in the tabs belovw Req A Req B and C 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. (Enter any decreases to account balances with a minus sign. there is no effect on the Accounts Titles for Retained Earnings, leave the cell blank.) Show less Accounting Equation for 2018 LiabilitiesStockholders Equity Accounts Titles for Retained Retained Earnings Event Assets Notes+ Cash Land Balance 1/1/2018 22.000+ 2,000 11.0001 = 3.200 200 32.600 (11,000) 2. 3. 39,000 39,000+ Operating expenses Revenue Tota's 2.600 Req B and C > ( in the last colum state if its a dividen,operating expense or revenue)
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