Milea inc experienced the following events in year 1, its first year of operations:

1. recieved $20,000 cash from the issue of common stock

2. performed services on account for $56,000

3. paid utility exspense of $2,500

4. Collected $48,000 of the accounts recievable

5. recorded $10,000 of accrued salaries at the end of the year

6. paid a $2,000 cash dividend to the stockholders

a. record the events in general ledger accounts under an equation. in the last column of the tables provide appropiate account titles for the retaining earnings amounts. the first transaction has been recorded as and example. ( select "NA" if there is no effect on the "accounts title for retained earnings" Enter any decreases to account balance with a minus sign)