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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 $129,400 and the retained earnings were $62,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,300 in stock. Accounts payable $1,020 1,240 Accounts receivable Cash $2,000 10,340 21,420 73,830 47,000 Miscellaneous Expense Office expense Supplies Wages expense Dividends Fees earned 1,670 23,410 15,300 Land 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 blank. Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Stock Earnings Total
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