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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 common stock was $122,400 and the retained earnings was $56,900 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,500 in stock. Accounts payable $2,000 Accounts receivable 10,600 Cash 19,830 Fees earned 68,690 Land 46,000 Building 1 155,700 rch Miscellaneous expense $1,050 Office expense 1,260 Supplies 1,670 Wages expense 22,170 Dividends 16,210 Prepare a balance sheet for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Line Item Description Amount Amount Assets Check My Work 1 more Check My Work uses rentaving O A Previous Next All work saved Enal Instructor 80F Sunny A
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