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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

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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 $116,200 and the retained earnings were $58,900 at April 1, the beginning of the current yeat During the year, shareholders purchased an additional 524,600 in stock Accounts Amount Accounts Amount Accounts payable 51,820 Miscellaneous expense $1,050 Accounts receivable 10.040 Office expense 1.270 Cash 18.430 Supplies 1,670 Fees earned 69 780 Wages expense 22.440 Land 45,300 Dividends 15600 Building 155 500 Required: Required: Prepare a balance sheet for the current year ended March 31 Be sure to complete the statement heading Refer to the lists of Accounts in the information given, Lobes, and Amount Descriptions for the exact wording of the answer choices for text entries Labels and Amount Descriptions Expenses For the Year Ended March 31 March 31 Amount Descriptions Balances, April 1 Balances, April 30 Common stock Dividends Net income Net loss Retained earnings Total assets Total expenses Total liabilities and stockholders' equity Prepare a balance sheet for the current year anded March 31. Be sure to complete the statement heading Refer to the inte of Accounts in the information given Labels and Amount Descriptions for me exact wording of the answer choices for text entries. Thompson's Computer Services Balance Sheet Retained earnings Assets

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