At the beginning of April, Owl Corporation has a balance of $12,000 in the Retained Earnings account.

Question:

At the beginning of April, Owl has a balance of $12,000 in the Retained Earnings account. During the month of April, Owl had the following external transactions.
1. Issue for cash, $10,000.
2. Provide services to customers on account, $7,500.
3. Provide services to customers in exchange for cash, $2,200.
4. Purchase equipment and pay cash, $6,600.
5. Pay rent for April, $1,200.
6. Pay workers' salaries for April, $2,500.
7. Pay dividends to stockholders, $1,500.
Required:
Using the external transactions above, compute the balance of Retained Earnings at April 30?
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