1. Received $14,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,200. 4. Collected $32,420 of the accounts receivable. 5. Recorded $8,050 of accrued salaries at the end of the year. 6. Paid a $1,150 cash dividend to the stockholders. Required a. Record the events in general ledger accounts under an accounting equation. In the last column of the table account titles for the Retained Earnings amounts. The first transaction has been recorded as an example. (Sel effect on the "Accounts Titles for Retained Earnings". Enter any decreases to account balances with a minu MILEA, INC. General Ledger Accounts For the Year Ended December 31, Year 1 Assets - Liabilities - Stockholders' Equity Accounts Salaries Cash Common Retained Receivable Payable Stock Earnings 14,000 14,000 Event Accounts Titles for Retained Earnings Totals