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Milea Incorporated experienced the following events in Year 1 , its first year of operations: 1. Received $14,000 cash from the issue of common stock.

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Milea Incorporated experienced the following events in Year 1 , its first year of operations: 1. Received $14,000 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 $32,110 of the accounts receivable. 5. Recorded $8,550 of accrued salaries at the end of the year. 6. Paid a $1,450 cash dividend to the stockholders. 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 trarisaction has been recorded as an example. Note: Enter any decreases to account balances and cash outflows with a minus sign. Leave celis blank if no input is needed

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