The following events apply to Paradise Vacations's first year of operations: 1. Acquired $30,000 cash from the issue of common stock on January 1, Year 1. 2. Purchased $1,300 of supplies on account. 3. Paid $5,400 cash in advance for a one-year lease on office space. 4. Earned $38,350 of revenue on account. 5. Incurred $14,000 of other operating expenses on account. 6. Collected $29,000 cash from accounts receivable. 7. Paid $9,500 cash on accounts payable. 8. Paid a $4,000 cash dividend to the stockholders. Information for Adjusting Entries 9. There was $250 of supplies on hand at the end of the accounting period. 10. The lease on the office space covered a one-year period beginning November 1. 11. There was $4,600 of accrued salaries at the end of the period. Required a. Record these transactions in general journal form. b. Post the transaction data from the journal to ledger T-accounts. c. Prepare a trial balance. d-1. Prepare an income statement. d-2. Prepare a statement of changes in stockholders' equity. d-3. Prepare a balance sheet. d-4. Prepare a statement of cash flows. d-4. Prepare a statement of cash flows. Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Req B Req C Req D1 Req D2 Req D3 Req D4 Prepare a statement of changes in stockholders' equity. PARADISE VACATIONS Statement of Changes in Stockholders' Equity For the Year ended December 31, Year 1 Beginning common stock $ 30,000 x 0 Ending common stock $ 30,000 Beginning retained earnings $ 0 Add: Net income 17,800 Less: Dividends 4,000 Ending retained earnings 13,800 Total stockholders' equity $ 43,800 < Req D1 Req D3 > < Prev 3 of 3 Next > Return to question Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Req B Req C Req D1 Req D2 Req D3 Req D4 Prepare a statement of cash flows. (Cash outflows should be indicated with a minus sign.) PARADISE VACATIONS Statement of Cash Flows For the Year ended December 31, Year 1 Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities Net cash flow from financing activities Net change in cash Ending cash balance EA $ 0 0 $ 0 < Req D3 Req D4 > Return to question