Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1)earned cash revenues of $30,700, (2) paid cash expenses of $13,900, and (3) paid a $2,200 cash dividend to its stockholders. Thesewere the only events that affected the company during Year 1.Requireda. 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, forMijka Company.Complete this question by entering your answers in the tabs below.Req B IncStmtReq B Stmt ofChangesReq B BalReq ASheetPrepare an income statement dated December 31, Year 1, for Mijka Company.MIJKA COMPANYIncome StatementFor the Year Ended December 31, Year 1< Req AReq B Stmt of Changes > Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1)earned cash revenues of $30,700, (2) paid cash expenses of $13,900, and (3) paid a $2,200 cash dividend to its stockholders. Thesewere the only events that affected the company during Year 1.Requireda. 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, forMijka Company.Complete this question by entering your answers in the tabs below.Req B IncStmtReq B Stmt ofChangesReq B BalSheetReq ARecord the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases toaccount balances with a minus sign. Not all cells require input.)MIJKA COMPANYAccounting Equation for YeartAssetsLiabilitiesStockholders' Equity%3DEventCommonRetainedCashStockEarnings1.%3D2.%3D3.+%3DEnding balance< Req AReq B Inc Stmt>

Name: Mijka Company was started on January 1, Year 1. During Year 1, the co
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Description: Mijka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1)earned cash revenues of $30,700, (2) paid cash expenses of $13,900, and (3) paid a $2,200 cash dividend to its stockhold

Income Statement of Mijka Company for the year ended 31st Dec Year 1…

Answered: of each accounting event = statement,…

Business

Accounting

of each accounting event = statement, statement of cl estion by entering your an

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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