Question

At the beginning of April, Owl Corporation has a balance of $11,000 in the Retained Earnings account. During the month of April, Owl had the following external transactions.





1.

Issue common stock for cash, $9,500.



2.

Provide services to customers on account, $7,800.



3.

Provide services to customers in exchange for cash, $2,100.



4.

Purchase equipment and pay cash, $7,400.



5.

Pay rent for April, $900.



6.

Pay workers' salaries for April, $3,200.



7.

Pay dividends to stockholders, $1,900.



At the beginning of April, Owl Corporation has a balance of $11,000 in the R

Answer 1

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Answer 2

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