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 $119,300 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,800 in stock. Accounts payable $2,000 Miscellaneous Expense $1,030 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 73,210 Wages expense 23,470 Land 47,000 Dividends 16,000 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 Balances, April 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Issued common stock fill in the blank 6 fill in the blank 7 fill in the blank 8 Net income fill in the blank 10 fill in the blank 11 fill in the blank 12 Dividends fill in the blank 14 fill in the blank 15 fill in the blank 16 Balances, March 31 $fill in the blank 18 $fill in the blank 19 $fill in the blank 20
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 $119,300 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,800 in stock. Accounts payable $2,000 Miscellaneous Expense $1,030 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 73,210 Wages expense 23,470 Land 47,000 Dividends 16,000 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 Balances, April 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 Issued common stock fill in the blank 6 fill in the blank 7 fill in the blank 8 Net income fill in the blank 10 fill in the blank 11 fill in the blank 12 Dividends fill in the blank 14 fill in the blank 15 fill in the blank 16 Balances, March 31 $fill in the blank 18 $fill in the blank 19 $fill in the blank 20
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 2PA: Financial statements The assets and liabilities of Global Travel Agency on December 31, 20Y5, and...
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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 $119,300 and the
Accounts payable | $2,000 | Miscellaneous Expense | $1,030 | |
10,340 | Office expense | 1,290 | ||
Cash | 21,420 | Supplies | 1,670 | |
Fees earned | 73,210 | Wages expense | 23,470 | |
Land | 47,000 | Dividends | 16,000 | |
Building | 157,630 |
Prepare a statement of
Thompson Computer Services | |||
Statement of Stockholders’ Equity | |||
For the Year Ended March 31 | |||
Common Stock |
Retained Earnings |
Total |
|
Balances, April 1 | $fill in the blank 2 | $fill in the blank 3 | $fill in the blank 4 |
Issued common stock | fill in the blank 6 | fill in the blank 7 | fill in the blank 8 |
Net income | fill in the blank 10 | fill in the blank 11 | fill in the blank 12 |
Dividends | fill in the blank 14 | fill in the blank 15 | fill in the blank 16 |
Balances, March 31 | $fill in the blank 18 | $fill in the blank 19 | $fill in the blank 20 |
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