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Required: a. Record the events in accounts under an accounting equation. In the last column of the table, provide appropriate account titles for the Retained
Required: a. Record the events in 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. Note: Enter any decreases to account balances with a minus sign. Not all cells require an input - leave cells blank if there is no corresponding Retained Earnings input needed. Event 1. 2. 3. 4. 5. 6. Totals Cash Assets 16,000 16,000 MILEA INCORPORATED Accounting Equation For the Year Ended December 31, Year 1 Accounts Receivable = Liabilities Salaries Payable ||||||||||||||||| 0 = + + + + + + 0 + Stockholders' Equity Common Retained Stock Earnings 16,000 16,000 0 Accounts Titles for Retained Earnings
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