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At the beginning of 2016, Better Corp.s accounting records had the following general ledger accounts and balances. BETTER CO
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Better Corp. Answer a
Event No. Balance Sheet
Assets Liabilities Stockholder's Equity Account title for
Cash + Land = Notes Pay + Common Stock + Retained Earnings Retained Earnings
Balance 1/1/2016    10,000.00 +      20,000.00 = 12,000.00 +              7,000.00 +                     11,000.00
1     (5,000.00) +        5,000.00 =                  -   +                          -   +                                    -  
2    25,000.00 +                    -   =                  -   +           25,000.00 +                                    -  
3    75,000.00 +                    -   =                  -   +                          -   +                     75,000.00 Service Revenue
4 (42,000.00) +                    -   =                  -   +                          -   +                    (42,000.00) Operating Expenses
5    10,000.00 +                    -   = 10,000.00 +                          -   +                                    -  
6     (5,000.00) +                    -   =                  -   +                          -   +                      (5,000.00) Dividend Paid
7 +      30,000.00 =                  -   +                          -   +                     30,000.00 Revaluation Income
   68,000.00 +     55,000.00 = 22,000.00 +           32,000.00 +                     69,000.00
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