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At the beginning of April, a company has a balance of $12,100 in the Retained Earnings account. During the month of April, the company
At the beginning of April, a company has a balance of $12,100 in the Retained Earnings account. During the month of April, the company 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.) Transaction Balance $ 12,100 Retained earnings, April 1 1. Issue common stock for cash, $11,000. 2. Provide services to customers on account, $7,600. 3. Provide services to customers in exchange for cash, $2,300. 4. Purchase equipment and pay cash, $6,700.. 5. Pay rent for April, $1,100. 6. Pay employee salaries for April, $2,600. 7. Pay dividends to stockholders, $1,550. Retained earnings, April 30
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