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above is question #1 above is question #2 Please answer both questions. At the beginning of April, Falcon Corporation has a balance of $12,700 in
above is question #1
above is question #2
Please answer both questions.
At the beginning of April, Falcon Corporation has a balance of $12,700 in the Retained Earnings account. During the month of April, Falcon 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.) Mullett Hair Design has the following transactions during the month of February. February 2 Pay $550 for radio advertising for February. February 7 Purchase beauty supplies of $1,150 on account. February 14 Provide beauty services of $2,150 to customers and receive cash. February 15 Pay employee salaries for the current month of $750. February 25 Provide beauty services of $850 to customers on account. February 28 Pay utility bill for the current month of $150. Required: Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No lournal Entry Required" in the first account field.) Journal entry worksheet 3456> Pay $550 for radio advertising for February. Note: Enter debits before credits. February 14 rovide beauty services of $2,150 to customers February February 15 Pay employee salaries for the current month of $750. February 25 Provide beauty services of $850 to customers on account. February 28 Pay utility bill for the current month of $150. Required: Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 56 Purchase beauty supplies of $1,150 on account. Note: Enter debits before credits. February 14 Provide beauty services of $2,150 to customers and receive cash. February 15 Pay employee salaries for the current month of $750. February 25 Provide beauty services of $850 to customers on account. February 28 Pay utility bill for the current month of $150. Required: Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No lournal Entry Required" in the first account field.) Journal entry worksheet 6 Provide beauty services of $2,150 to customers and receive cash. Note: Enter debits before credits. February Ferive cash. February 15 Pay employee salaries for the current month of $750. February 25 Provide beauty services of $850 to customers on account. February 28 Pay utility bill for the current month of $150. Required: Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 5 6 Pay employee salaries for the current month of $750. Note: Enter debits before credits. February 14 Provide beauty services of $2,150 to customers and receive cash. February 15 Pay employee salaries for the current month of $750. February 25 Provide beauty services of $850 to customers on account. February 28 Pay utility bill for the current month of $150. Required: Record each transaction. Mullett uses the following accounts: Cash, Accounts Receivable, Supplies, Accounts Payable, Service Revenue, Advertising Expense, Salaries Expense, and Utilities Expense. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet \begin{tabular}{llll}Step by Step Solution
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