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At the beginning of April. Owl Corporation has a balance of $11.700 in the Retained Earnings account. During the month of April, Owl had the
At the beginning of April. Owl Corporation has a balance of $11.700 in the Retained Earnings account. During the month of April, Owl 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.) Balance $ 11,700 Transaction Retained earnings, April 1 1 Issue common stock for cash, $11,000 2 Provide services to customers on account, $7,200 3. Provide services to customers in exchange for cash, $1,900 4 Purchase equipment and pay cash, 56,300 5 Pay rent for April, $1,100 6 Pay employee salaries for Apnl, $2,200 7 Pay dividends to stockholders, $1,350 Retained earnings, Apni 30
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