Homework Answers
Solution:
| Transaction | Balance |
| Retained earnings, April 1 | $12,700.00 |
| 1. Issue common stock for cash, $11,000 | $0.00 |
| 2. Provide services to customers on account, $8,200 | $8,200.00 |
| 3. Provide services to customers in exchange for cash, $2,900 | $2,900.00 |
| 4. Purchase equipment and pay cash $7,300 | $0.00 |
| 5. Pay rent for April, $1,100 | -$1,100.00 |
| 6. Pay employees salary for April, $3,200 | -$3,200.00 |
| 7. Pay dividends to stockholders, $1,850 | -$1,850.00 |
| Retained earnings, April 30 | $17,650.00 |
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explain please
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the service revenue and retained earnings for close entries? And
explain please
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Record transactions, post journal entries, prepare an unadjusted
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