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Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following accounting events: (1) Issued 52,100 worth of common stock (2) earned cash revenues of $29,800, (3) paid cash expenses of $13,600, and (4) paid a $1,900 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 Complete this question by entering your answers in the tabs below. Required A Required B Inc Stmt Required B Stmt of Changes Required B Bal Sheet Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) MAJKA COMPANY Accounting Equation for Year 1 Assets = Liabilities + Event Stockholders' Equity Common Retained + Stock Earnings Cash + 1. + + 2. = + + 3. = + + 4. = + + Ending balance 0 = 0 + 0 + 0 Required A Required B Inc. Stmt Required B Stmt of Changes Required B Bal Sheet Prepare an income statement dated December 31, Year 1, for Majka Company. MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 $ 0 Required A Required B Inc Stmt Required B Stmt of Changes Required B Bal Sheet Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. MAJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock $ 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 Required A Required B Inc Stmt Required B Stmt of Changes Required B Ball Sheet Prepare a balance sheet dated December 31, Year 1, for Majka Company. MAJKA COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets $ 0 Liabilities Stockholders' equity 0 Total stockholders' equity Total liabilities and stockholders' equity $ 0

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