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Required information Skip to question [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2016, its first year
Required information Skip to question [The following information applies to the questions displayed below.] Milea Inc. experienced the following events in 2016, its first year of operations: 1. Received $16,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,350. 4. Collected $36,860 of the accounts receivable. 5. Recorded $9,500 of accrued salaries at the end of the year. 6. Paid a $1,050 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
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