Coates Inc. experienced the following events in 2014, in its first year of operation: (1) Received $20,000 cash from the issue of common stock. (2) Performed services on account for $38,000. (3) Paid the utility expense of $2,500. (4) Collected $21,000 of the accounts receivable. (5) Recorded $15,000 of accrued salaries at the end of the year. (6) Paid a $2,000 cash dividend to the shareholders.Record the events in general ledger accounts under an accounting equation.