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Majka Company was started on January 1,2016. During 2016, the company experienced the following three...

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Accounting

Majka Company was started on January 1,2016. During 2016, the company experienced the following three accounting events: (1) earned cash revenues of $32,500,(2) paid cash expenses of $14,500, and (3) paid a $2,800 cash dividend to its stockholders.These were the only events that affected the company during 2016.Requireda. 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 COMPANYAccounting Equation for 2016AssetsLiabilitiesStockholders' EquityEventCashCommonStockRetained EarningsEnding balanceb. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31,2016, for Majka Company.MAJKA COMPANYIncome StatementFor the Year Ended December 31,2016
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