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, $8,000.
2. provide services to customers on account, $6,100.
3. provide services to customers in exchange for cash, $2,400.
4. purchase equipment and pay cash, $5,600.
5. pay rent for april, $1,000.
6. pay workers' salaries for april, $2,500.
7. pay dividends to stockholders, $1,100.

required:
using the external transactions above, compute the balance of retained earnings at april 30.

Which of the following are considered needs? check all that apply

Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine

True or false payroll withholding includes income tax, social security tax, medicare tax as well as money you deduct for your retirement fund.