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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 $125,900 and the retained eamings were $64,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $26,000 in stock Accounts payable Accounts receivable Cash Fees eamed Land Building $2,000 Miscellaneous Expense i $1,010 10,340 Office expense 1,290 21,420 Supplies 1,670 72,300 Wages expense 47,000 Dividends 23,580 14,600 157,630 Prepare a statement of stockholders' equity for the current year ended March 31. If a net loss is incurred or there is a decree 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 balances, Anvil U balances, Harsh AL Lancome 100000 100000
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