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At the beginning of April, Owl Corporation has a balance of S11,400 in the Retained Earnings account. During the month of April, Owl had the

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At the beginning of April, Owl Corporation has a balance of S11,400 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, $6,900 3. Provide services to customers in exchange for cash, $1,600 4. Purchase equipment and pay cash, $6,000 5. Pay rent for April, $1,100 6. Pay employee salaries for April, $1,900 7. Pay dividends to stockholders, $1,200 Required Using the external transactions above, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Transaction Balance S 11,400 Retained earnings, April 1 1. Issue common stock for cash, $11,000 2. Provide services to customers on account, $6,900 3. Provide services to customers in exchange for cash, $1,600 4. Purchase equipment and pay cash, $6,000 5. Pay rent for April, $1,100 6. Pay employee salaries for April, $1,900 7. Pay dividends to stockholders, $1,200 Retained earnings, April 30

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