Required information [The following information applies to the questions displayed below.) Stuart Incorporated experienced the following events in Year 1, its first year of operations: 1. Received $17,000 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 $31,600 of the accounts receivable. 5. Recorded $6,200 of accrued salaries at the end of the year. 6. Paid a $1,450 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. (Not all cells require input. Enter any decreases to account balances with a minus sign.) STUART INCORPORATED General Ledger Accounts For the Year Ended December 31 Your 1 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. (Not all cells require input. Enter any decreases to account balances with a minus sign.) STUART INCORPORATED General Ledger Accounts For the Year Ended December 31, Year 1 Assets Liabilities Event Cash Accounts Receivable Salaries Payable 1. 2. 3. 4. 5. 6. Totals + Stockholders' Equity Account Titles for Common Retained Retained Earnings Stock Earnings