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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
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 $121,600 and the retained earnings were $70,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,800 in stock. Accounts payable $2,000 Miscellaneous Expense $1,000 Accounts receivable 10,340 Office expense 1,230. Cash 21,420 Supplies 1,670 Fees earned 73,450 Wages expense 23,400 Land 47,000 Dividends 14,700 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 t it blank. Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Stock Earnings Total
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