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Milea Inc. experienced the following events in 2016, its first year of operations: 1. Received $14,500 cash from the issue of common stock 2. Performed

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Milea Inc. experienced the following events in 2016, its first year of operations: 1. Received $14,500 cash from the issue of common stock 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,300. 4. Collected $35,490 of the accounts recelvable. 5. Recorded $6,050 of accrued salaries at the end of the year 6. Paid a $900 cash dividend to the stockholders. 3. value: Required 100.00 points Required a. Record the events in general ledger accounts under an accounting equation. In the last column of the table, provide appropriate account titles for the Retained Eanings amounts. The first transaction has been recorded as an example. (Select "NA" if there is no effect on the "Accounts Titles for Retained Earnings". Enter any decreases to account balances with a minus sign.) MILEA, INC. General Ledger Accounts For the Year Ended December 31, 2016 Assets Stockholders' Equity Liabilities Accounts Titles for Retained Earnings Event Salaries + Payable Accounts Receivable Common Stock Retained Cash Earnings 1. 14,500 14,500 2 3 4. + 5. 6. + Totals

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