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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

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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 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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