Question: please help me answer these questions i need to submit them soon Mark's Consulting experienced the following transactions for Year 1, its first year of

please help me answer these questions i need to submit them soon  please help me answer these questions i need to submit them
soon Mark's Consulting experienced the following transactions for Year 1, its first
year of operations, and Year 2. Assume that all transactions involve the
receipt or payment of cash. Transactions for Year 1 1. Acquired $75,000
by issuing common stock. 2. Recelve $110,000 cash for providing services to
customers. 3. Borrowed $18,000 cash from creditors. 4. Paid expenses amounting to
$55,000. 5. Purchased land for $35,000 cash. Transactions for Year 2 Beginning
account balances for Year 2 are: 1. Acquired an additional $24,000 from
the issue of common stock: 2. Recelved $135,000 for providing services. 3.
Paid $13,000 to creditors to reduce loan. 4. Paid expenses amounting to

Mark's Consulting experienced the following transactions for Year 1, its first year of operations, and Year 2. Assume that all transactions involve the receipt or payment of cash. Transactions for Year 1 1. Acquired $75,000 by issuing common stock. 2. Recelve $110,000 cash for providing services to customers. 3. Borrowed $18,000 cash from creditors. 4. Paid expenses amounting to $55,000. 5. Purchased land for $35,000 cash. Transactions for Year 2 Beginning account balances for Year 2 are: 1. Acquired an additional $24,000 from the issue of common stock: 2. Recelved $135,000 for providing services. 3. Paid $13,000 to creditors to reduce loan. 4. Paid expenses amounting to $62,000 : 5. Paid a $13,500 dividend to the stockholders. 6. Determined that the market value of the land is $45,000. Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. (Enter any decreases to account balances with a minus sign. If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells will require b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period, c. Determine the amount of cash that is in the retained earnings account at the end of Year 1 and Year 2 . e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 is recorded and after Event 2 in Year 2 is recorded. Complete this question by entering your answers in the tabs below. Prepare an income statement for each year accounting period. Prepare a statement of changes in stockholders' equity for each year accounting period. (Amounts to be deducted should be indicated with minus sign.) Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the tabl b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash that is in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 is recorded and after Event 2 in Year is recorded. Complete this question by entering your answers in the tabs below. Determine the amount of cash that is in the retained earnings account at the end of Year 1 and Year 2 . Required a. Record the effects of each accounting event under the appropriate headings for each year. Record the amounts of revenue, expense, and dividends in the Retained Earnings column. Provide appropriate titles for these accounts in the last column of the table. b-1. Prepare an income statement for each year accounting period. b-2. Prepare a statement of changes in stockholders' equity for each year accounting period. b-3. Prepare a year-end balance sheet for each year accounting period. b-4. Prepare a statement of cash flows for each year accounting period. c. Determine the amount of cash that is in the retained earnings account at the end of Year 1 and Year 2. e. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 is recorded and after Event 2 in Year 2 is recorded. Complete this question by entering your answers in the tabs below. Determine the balance in the Retained Earnings account immediately after Event 2 in Year 1 is recorded and after Event 2 in Year 2 is recorded

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