SPA20040120215P wed Homework Question 3-Chapter 2 Graded x C The Following information Apex + ucation.com/ext/map/index.html?.conicon&external_browser-0&launch Uri-https%253A%252F%252Fims.mheducation.com%252Fimghma Saved Milea Inc. experienced the following events in Year 1, its first year of operations: 1. Received $13,500 cash from the issue of common stock 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,400. 4. Collected $32,700 of the accounts receivable. 5. Recorded $5,800 of accrued salaries at the end of the year. 6. Paid a $1,350 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 tities for the Retained Earnings amounts. The first transaction has been recorded as an example. (If there is no effect on the Account Titles for Retained Earnings, leave the cell blank. Not all cells will require input. Enter any decreases to account balances with a minus sign) MILEA INC. General Ledger Accounts For the Year Ended December 31, Year 1) Assels Liabilities Accounts Salaries Event Cash Receivatie Payable 1 13.500 2 3 4 B " Tomis 11 BO Reg # $ % 2 3 4 5 es W E 20 R 4 . Stockholders' Equity Common Retained Stock Earnings Accounts Titles for Retained Earnings 13,000 > B K 0