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$310 490 The assets and abilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for
$310 490 The assets and abilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The capital of the owner was $190,000 at April 1, the beginning of the current year, Mr. Thompson invested an additional $25,000 in the business during the year Accounts payable $1,200 Miscellaneous expense Accounts receivable 12.340 Office expense 32,990 Supplies 1,670 Fees earned 72,350 Wages expense 29,080 65,000 Drawing Building 143,670 Cash Land 3,000 Prepare an income statement for the current year ended March 31 Thompson Computer Services Income Statement For the Year Ended March 31 Expenses Total expenses
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