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will rate! show good work plz Required information The following Information applies to the questions displayed below) Milea Inc experienced the followng events in 2018,
will rate!show good work plz Required information The following Information applies to the questions displayed below) Milea Inc experienced the followng events in 2018, Its first year of operations: 1 Recelved $16,000 cash from the Issue of common stock. 2 Performed services on account for $45,000 3. Pald the utility expense of $1,300 4. Collected $38,360 of the accounts recevable 5 Recorded $8,950 of accrued salarles at the end of the year 6. Pald a $950 cash dvdend 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 there is no effect on the "Accounts Titles for Retained Earnings. Enter any decreases to account balances with a minus sign.) General Ledger Accounts For the Year Ended December 31, 2018 Assets Liabilities Stockholders Equity Accounts vable Salaries+ able Common Accounts Titles for Retained Retained Earnings Event Cash 18.000 16.000 NA Dividend NA Revenue Salaries expense Utility expense Totals 18.000 4.000
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