SAAS Inc. has developed many software applications for coding and data analytics. In 2020, it had a retained earnings balance of $100,000 on Apr 1, and the company had the following transactions during April. Issued common stock for cash, $50,000. Provided services to customers on account, $20,000. Provided services to customers in exchange for cash, $9000, Purchased equipment and paid cash, $43,000. Paid April rent, $8000. Paid employees' salaries for April, $7000. What was SAAS's retained earnings balance at the end of April? Fill in the blank. Omit $ sign. Fill in the blank

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is