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All one homework question, please help Required information (The following information applies to the questions displayed below Milea Inc. experienced the following events in Year

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All one homework question, please help

Required information (The following information applies to the questions displayed below Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $20,000 cash from the issue of common stock. 2. Performed services on account for $56,000 3. Paid the utility expense of $2,500. 4. Collected $48,000 of the accounts receivable 5. Recorded $10,000 of accrued salaries at the end of the year 6. Paid a $2,000 cash dividend to the stockholders

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