Retained Earnings Statement

Labels and Amount Descriptions Retained Earnings Statement Instructions 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 $132,500 and the retained earnings were $62,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,700 in stock. Amount Accounts Amount Accounts Accounts payable $2,000 Miscellaneous expense $1,020 Accounts receivable 10.340 Office expense 1,270 Cash 21,420 Supplies 1.670 Fees earned 74,740 Wages expense 23,280 Land 47,000 Dividends 16,900 Building 157,630