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Calculator The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the

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Calculator 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 $189,700 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,800 in the business during the year. Accounts payable $1,200 Miscellaneous expense $480 Accounts receivable 10,340 Office expense 530 Cash 32,320 Supplies 1,670 Fees earned 71,060 Wages expense 29,640 Land 47,000 Drawing 5,600 Building 150,180 Prepare a statement of owner's equity for Thompson Computer Services for the current year ended March 31. Thompson Computer Services Statement of Owner's Equity For the Year Ended March 31 Cash $ 32,320 Previous Next

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