Help will upvote The assets and liabilities of Thompson Computer Services at March 31, the end of
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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year are listed below. The common stock was $123,500 and the retained earnings were $62,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,600 in stock.
Accounts payable | $2,000 | Miscellaneous Expense | $1,030 | |
Accounts receivable | 10,340 | Office expense | 1,210 | |
Cash | 21,420 | Supplies | 1,670 | |
Fees earned | 72,570 | Wages expense | 23,510 | |
Land | 47,000 | Dividends | 14,900 | |
Building | 157,630 |
Prepare a statement of stockholders' equity for the current year ended March 31. If a net loss is incurred or there is a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
Thompson Computer Services Statement of Stockholders Equity For the Year Ended March 31
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