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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
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 $116,800 and the retained earnings were $59,600 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,100 in stock. Accounts payable $1,880 Miscellaneous expense $1,050 Accounts receivable 10,600 Office expense 1,250 Cash 20,130 Supplies 1,670 Fees earned 71,130 Wages expense 22,570 Land 45,300 Dividends 15,640 Building 155,300 Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets Total assets Accounts payable Stockholders Equity Common stock Cash Fees earned Land Building 20,130 71,130 45,300 Supplies Wages expense Dividends 1,670 22,570 15,640 155,300 Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets Total asets Liabilities Accounts payable Stocholders Equty Common stock Ietained earnings Total abilities and stockholders equity
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