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16 6 At the beginning of April, Hawk Corporation has a balance of $11,700 in the Retained Earnings account. During the month of April,
16 6 At the beginning of April, Hawk Corporation has a balance of $11,700 in the Retained Earnings account. During the month of April, Hawk had the following external transactions Required: Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Book Transaction Balance Retained samings, April 1 1. Issue common stock for cash, $11,000 2. Provide services to customers on account, $7.200 $ 11,700 + 3. Provide services to customers in exchange for cash, $1.900 5. Pay rent for April, $1,100 4. Purchase equipment and pay cash, $6,300 6. Pay employee salaries for April, $2,200, 7. Pay dividends to stockholders, $1,350 Retained samings. April 30
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