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 $126,9 and the retained earnings were $66,000 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 $1,040 Accounts receivable 10,340 Office expense 1,240 Cash 21,420 Supplies 1,670 Fees earned 73,070 Wages expense 23,670 Land 47,000 Dividends 14,700 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

Financial And Managerial Accounting
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ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
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How would I prepare the statement of stockholder's equity?

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 $126,900
and the retained earnings were $66,000 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
$1,040
Accounts receivable
10,340
Office expense
1,240
Cash
21,420
Supplies
1,670
Fees earned
73,070
Wages expense
23,670
Land
47,000
Dividends
14,700
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 reguire an entry, leave it blank.
Thompson Computer Services
Statement of Stockholders' Equity
For the Year Ended March 31
Common
Retained
Stock
Earnings
Total
Transcribed Image Text: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 $126,900 and the retained earnings were $66,000 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 $1,040 Accounts receivable 10,340 Office expense 1,240 Cash 21,420 Supplies 1,670 Fees earned 73,070 Wages expense 23,670 Land 47,000 Dividends 14,700 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 reguire 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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