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 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 $123,000 and the retained earnings were $62,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,100 in stock.
Accounts payable | $2,000 | Miscellaneous Expense | $1,050 | |
Accounts receivable | 10,340 | Office expense | 1,250 | |
Cash | 21,420 | Supplies | 1,670 | |
Fees earned | 72,730 | Wages expense | 23,910 | |
Land | 47,000 | Dividends | 15,500 | |
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 Stock | Retained Earnings | Total | |
$fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 | |
fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | |
fill in the blank 10 | fill in the blank 11 | fill in the blank 12 | |
fill in the blank 14 | fill in the blank 15 | fill in the blank 16 | |
$fill in the blank 18 | $fill in the blank 19 | $fill in the blank 20 |
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