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 $126,300 and the retained earnings were $66,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,300 in stock. Accounts payable $2,000 Miscellaneous Expense $1,010 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 72,800 Wages expense 23,470 Land 47,000 Dividends 14,100 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 ServicesStatement of Stockholders’ EquityFor the Year Ended March 31 blank Common Stock Retained
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 $126,300 and the retained earnings were $66,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,300 in stock. Accounts payable $2,000 Miscellaneous Expense $1,010 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 72,800 Wages expense 23,470 Land 47,000 Dividends 14,100 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 ServicesStatement of Stockholders’ EquityFor the Year Ended March 31 blank Common Stock Retained
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter2: Financial Statements And The Annual Report
Section: Chapter Questions
Problem 2.8E: Income Statement Ratio The income statement of Holly Enterprises shows operating revenues of...
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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 are listed below. The common stock was $126,300 and the
| Accounts payable | $2,000 | Miscellaneous Expense | $1,010 | |
| Accounts receivable | 10,340 | Office expense | 1,290 | |
| Cash | 21,420 | Supplies | 1,670 | |
| Fees earned | 72,800 | Wages expense | 23,470 | |
| Land | 47,000 | Dividends | 14,100 | |
| Building | 157,630 |
Prepare a statement of
Thompson Computer ServicesStatement of Stockholders’ EquityFor the Year Ended March 31
| blank | Common Stock |
Retained Earnings |
Total |
|
|
$Balances, April 1 | $Balances, April 1 | $Balances, April 1 |
|
|
Issued common stock | Issued common stock | Issued common stock |
|
|
Net income | Net income | Net income |
|
|
Dividends | Dividends | Dividends |
|
|
$Balances, March 31 | $Balances, March 31 | $Balances, March 31 |
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