Alternate problem E The following balance sheets for 2010 June 30, and 2010 May 31, and the income statement for June are for Beach Camping Trailer Storage, Inc. (Common practice is to show the most recent period first.)

BEACH CAMPING TRAILER STOR AGE, INC Comparative Balance Sheet June 30, May 31, 2010 2010 Assets Cash $ 52,000 $ 60,000 Accounts receivable 24,000 -0-

Land 36,000 36,000 Total assets $ 112,000 $ 96,000 Liabilities and Stockholders' Equity Accounts payable $ 18,000 $ 24,000 Capital stock 60,000 60,000 Retained earnings 34,000 12,000 Total liabilities and stockholders' equity $ 112,000 $ 96,000 BEACH CAMPING TRAILER STORAGE, INC. , Income Statement For the Month Ended 2010 June 3 Revenues:

Service revenue $ 100,000 Expenses:
Salaries expense $ 48,000 Supplies bought and used 24,000 72,000 Net income $ 28,000 A cash dividend of USD 6,000 was declared and paid in June.
State the probable causes of the changes in each of the balance sheet accounts from May 31 to 2010 June 30.