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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 capital of the owner was $194,900 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,600 in the business during the year. Accounts payable Accounts receivable Cash Fees earned Land $1,200 Miscellaneous expense 10,340 Office expense 32,320 Supplies 83,790 Wages expense 47,000 Drawing 165,090 $550 650 1,670 31,870 5,000 Building 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 31 919 PM A 42019
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