At the beginning of April, Owl Corporation started their business. During the month of April, Owl had the following external transactions. Prepare the journal entries in proper form and post to T-accounts. Prepare a trial balance.

1. Issued common stock for cash, $44,000

2. Provide services to customers on account $8,500

3. Provide services to customers in exchange for cash, $3,200

4. Purchase equipment and pay cash, $7,600

5. Paid rent for April $1,100

6. Paid employees salaries for April, $3,600

7. Paid dividends to stockholders, $2,000