$ At the beginning of January, the balance in the Retained Earnings account is $300,000 for the company. During the month of January, the company had the following external transactions. (a) (b) (c) (d) (e) (f) (g) Purchase equipment and pay cash Provide services to customers in exchange for cash Pay rent for the month Provide services to customers on account Pay workers' salaries for the month Issue common stock for cash Pay dividends to stockholders $200,000 80,000 5,000 25,000 55,000 100,000 25,000 Determine ending Retained Earnings for January 31st. Analyze each transaction. Under each category in the accounting equation, indicate whether the transaction: A, increases, B. decreases, or C. has no effect. The item (a) is provided as an example. (a) Provided services to a customer on account. (Revenue increases causing Stockholders' Equity to increase, Assets increase, and no effect on Liabilities). 6. Pay for rent in advance. 7. Purchase supplies on account. 8. Recorded and paid salaries to employees.