1. Acquired $10,000 cash from the issue of common stock. 2. Paid $10.000 cash to purchase land. 3. Borrowed $10.000 cash. 4. Provided services for $25,000 cash. 5. Paid $1.500 cash for utilities expense. 6. Paid $15,000 cash for other operating expenses. 7. Paid a $3.000 cash dividend to the stockholders. 8. Determined that the market value of the land purchased in Event 2 is now $12,500. Required a. The January 1, 2018. general ledger account balances are shown in the following accounting equation. Record the eigh the appropriate general ledger accounts. Record the amounts of revenue, expense, and dividends in the Retained Ear column. Provide the appropriate titles for these accounts in the last column of the table. The first event is shown as an b-1. Prepare an income statement for the 2018 accounting period, b-2. Prepare a statement of changes in equity for the 2018 accounting period. b-3. Prepare a year-end balance sheet for the 2018 accounting period. b-4. Prepare a statement of cash flows for the 2018 accounting period. c. Determine the percentage of assets that were provided by retained earnings. Can you determine the cash in retained Complete this question by entering your answers in the tabs below. Han A Req HI Han HI Rog H4 Han C Determine the percentage of assets that were provided by retained earnings. Can you determine the cash In retained earnings? (Round your answer to 1 decimal place. )
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Acquired $10,000 cash from the issue of common stock.
- by Jared Walker