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Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Instructions The assets and liabilities of Thompson Computer Services at March 31, the end of
Instructions Labels and Amount Descriptions Statement of Stockholders' Equity Instructions 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 $128,000 and the retained eamings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock. Accounts Amount Accounts Amount Accounts payable $2,000 Miscellaneous expense $1,030 Accounts receivable 10,340 Office expense 1,220 Cash 21,420 Supplies 1,670 Fees earned 74,280 Wages expense 23,620 Land 47,000 Dividends 16,800 Building 1 157,630
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