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Retained Earnings Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $831,185 191,175
Retained Earnings Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, are listed below. Fees earned $831,185 191,175 Office expense 16,625 398,970 Miscellaneous expense Wages expense Prepare a retained earnings statement for the year ended May 31, 2018. Everett McCauley invested an additional $40,000 in the business in exchange for common stock, and $31,600 of dividends were paid during the year. Retained earnings as of June 1, 2017, were $224,000. Paradise Travel Service Retained Earnings Statement For the Year Ended May 31, 2018 G
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