Reference no: EM133123217
Question - Majka Company was started on January 1, Year1. During Year 1, the company experienced the following accounting events:
(1) Issued 50.200 worth of common stock
(2) earned cash revenues of $32,800
(3) paid cash expenses of $14,600, and
(4) paid at $2.900 cash dividend to its stockholders. These were the only events that affected the company during Year 1.
Required -
a. Record the effects of each accounting event under the appropriate general ledger account headings.
b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, Year 1, for Majka Company.
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: Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, Year 1, for Majka Company
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