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 $121,800 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock. Accounts payable $2,000 Miscellaneous Expense $1,020 Accounts receivable 10,340 Office expense 1,300 Cash 21,420 Supplies 1,670 Fees earned 73,020 Wages expense 23,110 Land 47,000 Dividends 16,100 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 Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Stock Earnings Total
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 $121,800 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock. Accounts payable $2,000 Miscellaneous Expense $1,020 Accounts receivable 10,340 Office expense 1,300 Cash 21,420 Supplies 1,670 Fees earned 73,020 Wages expense 23,110 Land 47,000 Dividends 16,100 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 Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Stock Earnings Total
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter3: Review Of A Company's Accounting System
Section: Chapter Questions
Problem 9RE: For the current year, Vidalia Company reported revenues of 250,000 and expenses of 225,000. At the...
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