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 follow. The common stock was $123,400 and the retained earnings was $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,100 in stock.
Line Item DescriptionAmountAccounts payable$2,000Accounts receivable10,340Cash21,420Fees earned74,980Land47,000Building157,630Miscellaneous Expense1,040Office expense1,200Supplies1,670Wages expense23,880Dividends16,100

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

Question

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 follow. The common stock was $123,400 and the retained earnings was $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,100 in stock.

Line Item DescriptionAmountAccounts payable$2,000Accounts receivable10,340Cash21,420Fees earned74,980Land47,000Building157,630Miscellaneous Expense1,040Office expense1,200Supplies1,670Wages expense23,880Dividends16,100

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

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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

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