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c. partnership d. governmental unit 58. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property,

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c. partnership d. governmental unit 58. Accumulated Depreciation appears on the a. balance sheet in the current assets section b. balance sheet in the property, plant, and equipment section c. balance sheet in the long-term liabilities section d. income statement as an operating expense 59. The first item appearing on the statement of owner's equity is a. net income b. the ending balance of owner's equity c. owner withdrawals d. the beginning balance of owner's equity What 60. In the chart of accounts, the balance sheet accounts are normally listed in which order? a. liabilities, assets, owner's equity b. assets, liabilities, owner's equity c. owner's equity, assets, liabilities d. assets, owner's equity, liabilities d. in 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 capital of the owner was $180,000 at April 1, the beginning of the current year. Mr. Thompson invested an additional S25,000 in the business during the year. "hed - der can is th Accounts payable Accounts receivable Cash Fees earned Land Building $ 2,000 10,340 21,420 73,450 47,000 157,630 Miscellaneous expense Office expense Supplies Wages expense Drawing $ 1.030 1,240 1,670 23,550 16,570 thc ist 61. Prepare a balance sheet for Thompson Computer Services for the current year ended March 31. 62. Match the following items to the financial statement where they can be found. (Hint: Some of the items can be found on more than one financial statement.) A. Balance sheet B. Income statement C. Statement of cash flows D. Statement of owner's equity 1. 2. Item Withdrawals Revenues Supplies 3. Pag

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