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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
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 follow. The capital of the owner was $186.300 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,500 in the business during the year. Accounts payable Accounts receivable Cash Fees earned Land Building $1.200 Miscellaneous expense $420 10,340 Office expense 700 32,320 Supplies 1,670 80.750 Wages expense 32,500 47,000 Drawing 152.000 6.000 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 Thompson, capital, Acil Additional investment host during.v Net income for the year 10000 1500 Incisas tuner's ty Thompson, sauital March 31 6,000
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