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The assets and liabilities of Thompson Computer Services at March 3 1 , the end of the current year, and its revenue and expenses for

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 $187,800 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,200 in the business during the year.
Accounts payable $1,200 Miscellaneous expense $550
Accounts receivable 10,340 Office expense 450
Cash 32,320 Supplies 1,670
Fees earned 74,020 Wages expense 26,640
Land 47,000 Drawing 6,400
Building 151,850
Prepare a statement of owners 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

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