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ment 21 4 Exercise 2-5A Understand the components of retained earnings (LO2-2) At the beginning of April, Owl Corporation has a balance of $13.000 in

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ment 21 4 Exercise 2-5A Understand the components of retained earnings (LO2-2) At the beginning of April, Owl Corporation has a balance of $13.000 in the Retained Earnings account. During the month of April, Owl had the following external transactions 00:1948 Required: Using the external transactions below.compute the balance of Retained Earnings at April 30 (Decreases should be entered as a negative) pok Bande $ 13.000 Transaction Retained earnings. April 1. Issue common stock for cash $11,000 2. Provide services to customers on account. 38.500 2. Provide services to customers in charge for cat 53.200 4. Purchase equipment and pay cash $7.000 5. Payment for An 51.100 Pay employees for Art, 3.500 7. Pay dividends to holders 12.000 Retained camings. Apr 30

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