Chickadee had the following external transactions. Required: Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Transaction Balance Retained earnings, April 1 2$ 11,800 1. Issue common stock for cash, $10,000. 2. Provide services to customers on account, $7,300. 3. Provide services to customers in exchange for cash, $2,000. 4. Purchase equipment and pay cash, $6,400. 5. Pay rent for April, $1,200. 6. Pay employee salaries for April, $2,300. 7. Pay dividends to stockholders, $1,400. Retained earnings, April 30

Chickadee had the following external transactions. Required: Using the external transactions below, compute the balance of Retained Earnings at April 30. (Decreases should be entered as a negative.) Transaction Balance Retained earnings, April 1 2$ 11,800 1. Issue common stock for cash, $10,000. 2. Provide services to customers on account, $7,300. 3. Provide services to customers in exchange for cash, $2,000. 4. Purchase equipment and pay cash, $6,400. 5. Pay rent for April, $1,200. 6. Pay employee salaries for April, $2,300. 7. Pay dividends to stockholders, $1,400. Retained earnings, April 30

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 11PB: Prepare journal entries to record the following transactions that occurred in April: A. on first day...

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