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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
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 $120,300 and the retained earnings were $65,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,200 in stock. Accounts payable $2,000 Miscellaneous Expense $1,040 Accounts receivable 10,340 Office expense 1,260 Cash 21,420 Supplies 1,670 Fees earned Land Building 47,000 157,630 74,380 Wages expense Dividends 23,720 14,700 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 Common Stock Retained Earnings Total
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