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 follow. The common stock was $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable Accounts receivable Cash Fees earned Land Building Miscellaneous expense Office expense Supplies Wages expense Dividends $2,000 10,340 21,420 73,450 47,000 157,630 1,030 1,240 1,670 23,550 16,570 Prepare a statement of stockholders' equity for the current year ended t an amount box does not require an entry, leave it blank. Line Item Description Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Earnings Total 000 3000 0000 curred or there is a decrease in stockholders' equity, enter that amount negative number using a s sign. If

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 follow. The common stock was $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable Accounts receivable Cash Fees earned Land Building Miscellaneous expense Office expense Supplies Wages expense Dividends $2,000 10,340 21,420 73,450 47,000 157,630 1,030 1,240 1,670 23,550 16,570 Prepare a statement of stockholders' equity for the current year ended t an amount box does not require an entry, leave it blank. Line Item Description Thompson Computer Services Statement of Stockholders' Equity For the Year Ended March 31 Common Retained Earnings Total 000 3000 0000 curred or there is a decrease in stockholders' equity, enter that amount negative number using a s sign. If

Name: The assets and liabilities of Thompson Computer Services at March 31,
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Description: 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 follow. The common stock was $120,000 and the retained earnings was$60,000 at April 1, the beginning of the

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject :- Accounting