Business, 15.07.2020 01:01 jessewilkerson2312

At the beginning of April, Owl Corporation has a balance of $12,700 in the Retained Earnings account. During the month of April, Owl had the following external transactions. 1. Issue common stock for cash, $11,000. 2. Provide services to customers on account, $8,200 3. Provide services to customers in exchange for cash, $2,900 4. Purchase equipment and pay cash, $7,300. 5. Pay rent for April, $1,100. 6. Pay employee salaries for April, $3,200. 7. Pay dividends to stockholders, $1,850. Required Using the external transactions above, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Transaction Balance $12,700 Retained earnings, April 1 1 Issue common stock for cash, $11,000. 2 Provide services to customers on account, $8,200 3. Provide services to customers in exchange for cash, $2,900. 4 Purchase equipment and pay cash, $7,300. 5,Pay rent for 5, Pay rent for April, $1,100 $1,100 6 Pay employee salaries for April, $3,200. 7 Pay dividends to stockholders, $1,850. Retained earnings, April 30

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At the beginning of April, Owl Corporation has a balance of $12,700 in the Retained Earnings account...

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