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Prepare the statement of changes in the stockholders' equity of Melina's Salon as of October 31, 2018 with the following information Account Amount Initial balance
Prepare the statement of changes in the stockholders' equity of Melina's Salon as of October 31, 2018 with the following information
Account | Amount |
Initial balance of share capital | $725, 000 |
Opening balance of retained earnings | $430, 000 |
Capital contributions in the period | $100, 000 |
Capital withdrawals in the period | $45, 000 |
Dividends declared in the period | $150, 000 |
Net income for the period | $210, 000 |
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