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Carolina Company experienced the following events during 2014. ...

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Accounting

Carolina Company experienced the following events during 2014.
1. Acquired $10,000 cash from the issue of common stock.
2. Paid $25,000 cash to purchase land.
3. Borrowed $7,500 cash.
4. Provided services for $37,500 cash.
5. Paid $1,500 cash for rent expense.
6. Paid $22,500 cash for other operating expenses.
7. Paid a $2,500 cash dividend to the stockholders.

8

Determined that the market value of the land purchased in Event 2 is now $30,000

b-2.

Prepare a statement of changes in equity for the 2014 accounting period

b-3. Prepare a year-end balance sheet for the 2014 accounting period.
b-4. Prepare a statement of cash flows for the 2014 accounting period

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