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
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 $130,300 and the retained earnings was $62,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,300 in stock. Accounts payable Accounts receivable $2,000 10,340 Cash 21,420 Fees earned 73,950 Land 47,000 Building 157,630 Miscellaneous Expense 1,000 Office expense 1,200 Supplies 1,670 Wages expense Dividends 23,030 15,800 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 Retained Line Item Description Stock Earnings Total Accounts payable i $2,000 Accounts receivable 10,340 Cash 21,420 Fees earned 73,950 Land 47,000 Building 157,630 Miscellaneous Expense 1,000 Office expense 1,200) Supplies 1,670 Wages expense 23,030 Dividends 15,800 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 a 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 Retained Line Item Description Stock Earnings Total
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