ex 1

Required information [The following information applies to the questions displayed below] Milea Incorporated experienced the following events in Year 1. its first year of operations: 1. Recelved $14,500 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utilty expense of $1,200. 4. Collected $39.320 of the accounts receivable. 5. Recorded $6.450 of accrued saiaries at the end of the year. 6. Paid a $800 cash dividend to the stockholders. Required a. Record the events in general ledger accounts under an accounting equation in the last column of the toble, provide appropriate account tites for the Retained Eamings amounts. The first transoction has been recorded as ar example. (Not all cells require input. Enter any decreases to account bolances with a minus sign.) MILIA, INCORPORATED General Ledger Accounts For the Year Ended December 31, Year 1 Prepare the statement of changes in stockholders' equity for the Year 1 .accounting period. Prepare the balance sheet for the Year 1 accounting Deriod