Better Corp. completed the following transactions during Year 2: 1 Purchased land for $11,500 cash.
2 Acquired $38,000 cash from the issue of common stock.
3 Received $77,000 cash for providing services to customers.
4 Paid cash operating expenses of $40,700.
5 Borrowed $23,000 cash from the bank.
6 Paid a $11,500 cash dividend to the stockholders.
7 Determined that the market value of the land purchased in event 1 is $48,000.
Required:
A. Record the transactions In the approprlate general ledger accounts. Record the amounts of revenue, expense, and dividends In the Retalned Earnings column.
B. As of December 31, 2018, determine the total amount of assets, lablities, and stockholders' equity and present this Information In the form of an accounting equation.
C. what is the amount of total assets, liabilities, and stockholders' equity as of January 1, 2019?
BETTER CORPORATION
Accounting Equation for 2018
Event Assets = Liabilities + Stockholders Equity Accouns
Cash + Land Accounts = Notes + Common + Retained Title for
Payable stock Earnings Retained
Earnings
Balance
1/1/2018 22,000 + 32.000 = 13,200 + 8,200 + 32,600
Totals 22,000 + 32,000 = 13,200 + 8,200 + 32,600

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

The common stock of ncp paid $1.35 in dividends last year. dividends are expected to grow at an annual rate of 5.30 percent for an indefinite number of years. a. if ncp's current market price is $22.57 per share, what is the stock's expected rate of return? b. if your required rate of return is 7.3 percent, what is the value of the stock for you? c. should you make the investment? a. if ncp's current market price is $22.57 per share, the stock's expected rate of return is