BETTER CORP. Accounting Equation Accounting Retained Stockheleers Equity Retained Eareings 12, 80e Event As sets Cash 11,200 Liabilities Notes Payanle 12,100 Comon Stock 7,180 Land Ba lance 01/01/Year 2 21, e00 Better Corp. completed the following transactions during Year 2: 1. Purchased land for $5,500 cash. 2. Acquired $26,000 cash from the issue of common stock 3. Received $65,000 cash tor providing services to customers. 4. Paid cash operating expenses of $41,900. 5. Borrowed S11,000 CAsh from the bank. 6. Pala a $5,500 cash dividend to the stockhbiders. 7. Determined that the market value of the land purchased in event tis $36.000 Required a. Record the transactions in the appropriate general ledger sccounts. Record the anounts of revenue, expense, and dividends in the Retained Earnings column. Provide the sppropriate ties for these nccounts in the last colun of the teble b. As of December 31, Year 2, determine the total amoum of assets. habilities, and stocknoldoes' equity and present this infomation in the form of an accounting ecuatio c What is the amount of total assets, labates, and stockholders' equity ns of January 1. Veat 37 Complete this question by entering your answers in the tabs below. Requred A Reirec Reired C As of December 31, Year 2, determine Te tetal armount of assets, Faies, and stockhaloers' ety and present this information in the form ot an scceurting equation Stockholders Equity Assets Liabilties

Definition Definition Assets available to stockholders after a company's liabilities are paid off. Stockholders’ equity is also sometimes referred to as owner's equity. A stockholders’ equity or book value generally includes common stock, preferred stock, and retained earnings and is an indicator of a company's financial strength.