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 $133,400 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,700 in stock. $2,000 Miscellaneous Expense 10,340 21,420 Supplies 72,530 Wages expense 47,000 Dividends 157,630 Accounts payable Accounts receivable Office expense $1,030 1,280 1,670 23,730 14,800 Cash Fees earned Land Building Prepare a statement of retained earnings for the current year ended March 31. Thompson's Computer Services Statement of Retained Earnings For the Year Ended March 31 Previous Next
