Question: Exercise 1-19A (Static) Preparing an income statement, statement of changes in stockholders' equity, and a balance sheet LO ( 1-5,1-6,1-7,1-8 ) Majka Company was started
Exercise 1-19A (Static) Preparing an income statement, statement of changes in stockholders' equity, and a balance sheet LO \\( 1-5,1-6,1-7,1-8 \\) Majka Company was started on January 1, Year 1 when it acquired \\( \\$ 50,000 \\) from the sale of common stock. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of \\( \\$ \\$ 8.600,(2) \\) paid cash expenses of \\( \\$ 13,200 \\), and (3) paid a \\$1,500 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 account headings. b-1, Prepare an income statement dated December 31, Year 1, for Majka Company. b-2. Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. b-3. Prepare a balance sheet dated December 31, Year 1, for Majka Company. Complete this question by entering your answers in the tabs below. Record the effects of each accounting event under the appropriate account headings. Notet Enter any decreases to account balances with a minus sign
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