Milea Inc. experienced the following events in Year 1, its first year of operations:

1. Received $15,000 cash from the issue of common stock.
2. Performed services on account for $45,000.
3. Paid the utility expense of $1,000.
4. Collected $34,100 of the accounts receivable.
5. Recorded $9,250 of accrued salaries at the end of the year.
6. Paid a $1,200 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, provide appropriate account titles for the Retained Earnings 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, Year 1 Assets Liabilities + Stockholders' Equity Accounts Cash Salaries Common Retained Receivable Payable Stock Earnings 15,000 15,000 Event Accounts Titles for Retained Earnings = + 1. + 2. + 3. + 4. + 5. + 6. + Totals +