Business, 02.09.2021 17:20 genyjoannerubiera

Milea Inc. experienced the following events in Year 1, its first year of operations: Received $20,000 cash from the issue of common stock.
Performed services on account for $56,000.
Paid the utility expense of $2,500.
Collected $48,000 of the accounts receivable.
Recorded $10,000 of accrued salaries at the end of the year.
Paid a $2,000 cash dividend to the stockholders.

Required:
Record the events in general ledger accounts under an accounting equation.

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Milea Inc. experienced the following events in Year 1, its first year of operations: Received $20,...