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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 $125,800 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,600 in stock. Accounts payable $2,000 Miscellaneous Expense $1,020 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 73,310 Wages expense 23,410 Land 47,000 Dividends 14,600 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 blank. Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Stock Retained Earnings Total Balances, April 1 Issued common stock Net income Dividends Balances, March 31
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