Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jul 2017 My Price 6.00

Owl Corporation

At the beginning of April, Owl Corporation has a balance of $12,000 in the Retained Earnings account. During the month of April, Owl had the following external transactions.

 

1. Issue common stock for cash, $9,000.
2. Provide services to customers on account, $7,100.
3. Provide services to customers in exchange for cash, $2,000.
4. Purchase equipment and pay cash, $6,000.
5. Pay rent for April, $1,100.
6. Pay workers' salaries for April, $2,200.
7. Pay dividends to stockholders, $1,300.

 

Required:

Using the external transactions above, compute the balance of Retained Earnings at April 30.(Omit the "$" sign in your response.)

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jul 2017 12:07 PM My Price 6.00

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