Exercise 1-15A (Static) Preparing an income statement and a balance sheet LO 1-7 Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following accounting events: (1) I 50,000 worth of common stock (2) earned cash revenues of $33,700, (3) paid cash expenses of $14,900, and (4) paid a $3,200 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 general ledger account headings. b. Prepare an income statement, statement of changes in stockholders' equity, and a balance sheet dated December 31, Year 1, Majka Company.

PURRFECT PETS, INC. Balance Sheet at June 30, Year 1 Assets       Liabilities       Cash $ 732,700   Accounts Payable $ 349,100   Accounts Receivable   419,300   Notes Payable due June 30, Year 3   268,900   Supplies   58,410   Total Liabilities   618,000   Equipment   118,600           Other Assets   69,410   Stockholders' Equity               Common Stock   662,000           Retained Earnings   118,420           Total Stockholders' Equity   780,420   Total Assets $ 1,398,420   Total Liabilities & Stockholders’ Equity $ 1,398,420     How much financing did the stockholders of Purrfect Pets, Inc., directly contribute to the company?

Subject: accounting

Jesse and Mason Fabricating, Inc. general ledger has the following account balances at the end of the year: What is the total ending balance as reported on the company’s Statement of Stockholder’s Equity?

Cash Accounts receivable Supplies Equipment Accounts payable Common stock Retained earnings, December 31, prior year Retained earnings, December 31, current year Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses Revenues Total revenues Expenses Required: Prepare the income statement for Armani Company for the current year ended Decembe Total expenses ARMANI COMPANY Income Statement For Current Year Ended December 31 $ 12,000 11,000 $ 8,000 7,000 15,000 16,000 5,000 7,000 15,000 37,000 26,000 22,000 14.000 10,000