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Required information [The following information applies to the questions displayod below] Milea Incorporated experienced the following events in Year 1, its first year of operations:

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Required information [The following information applies to the questions displayod below] Milea Incorporated 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 $1,350. 4. Collected $35,540 of the accounts recelvable. 5. Recorded $8,850 of accrued salaries at the end of the year. 6. Paid a $850 cash dividend to the stockholders. Required: 1. Record the events in accounts under an accounting equation. In the last column of the table, provide appropriate account titles for he 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 orresponding Retained Earnings input needed. Required: a. Record the events in accounts under an accounting equation. In the last column of the table, provide appropriate account tities 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

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