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Statement of stockholders equity The revenues and expenses of Paradise Travel Service for the year...

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Statement of stockholders equity The revenues and expenses of Paradise Travel Service for the year ended May 31 20Y6 follow Fees earned Office expense Miscellaneous expense Wages expense Everett McCauley invested an additional 40 000 in the business in exchange for common stock and 10 000 of dividends were paid during the year Common stock had a balanc 60 000 and retained earnings had a balance of 300 000 as of June 1 20Y5 Prepare a statement of stockholders equity for the year ended May 31 20Y6 Paradise Travel Service Statement of Stockholders Equity For the Year Ended May 31 20Y6 Balances June 1 20Y5 Issued common stock Net income 900 000 300 000 15 000 450 000 Dividends Balances May 31 20Y6 Common Stock Retained Earnings 300 000 0 15 000 X 60 000 40 000 0 0 100 000 Total 360 000 BOOO 40 000 0 X 0 X

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