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Question - Mijka Company was started on January 1, 2018. During 2018, the company experienced the following three accounting events: (1) earned cash revenues of $31,300, (2) paid cash expenses of $14,100, and (3) paid a $2,400 cash dividend to its stockholders.
These were the only events that affected the company during 2018.
Required -
1. Record the effects of each accounting event under the appropriate general ledger account headings.
2. An income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, 2018, for Mijka Company.
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