Problem 2-35 Effect of events on financial statements LO 2-1,
2-2, 2-3, 2-4, 2-5, 2-6 Davis Company had the following balances in
its accounting records as of December 31, 2013: Assets Liabilities
and Equity Cash $ 46,000 Accounts Payable $ 22,000 Accounts
Receivable 50,000 Common Stock 85,000 Land 30,000 Retained Earnings
19,000 Totals $ 126,000 $ 126,000 The following accounting events
apply to Davis for 2014: Jan. 1 Acquired an additional $46,000 cash
from the issue of common stock. April...