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Required information (The following information applies to the questions displayed below.) Milea Inc, experienced the following events in 2018, its first year of operations: 1. Received $13,000 cash from the issue of common stock. 2. Performed services on account for $45,000. 3. Paid the utility expense of $1,150. 4. Collected $36,170 of the accounts receivable. 5. Recorded $9,850 of accrued salaries at the end of the year. 6. Paid a $1,000 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, provid account titles for the Retained Earnings amounts. The first transaction has been recorded as an example. (Select " effect on the "Accounts Titles for Retained Earnings". Enter any decreases to account balances with a minus sig MILEA INC. General Ledger Accounts For the Year Ended December 31, 2018 Liabilities - Stockholders' Equity 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.) MILEA INC. General Ledger Accounts For the Year Ended December 31, 2018 Assets - Liabilities - Stockholders' Equity Accounts Salaries Common Retained Cash Recolvable Payable Stock Earnings 13,000 13,000 Accounts Titles for Retained Earnings Event 0

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