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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 $188,100 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,300 in the business during the year. Accounts payable $1,200 Miscellaneous expense $400 Accounts receivable 8,070 Office expense 630 Cash 34,990 Supplies 1,670 Fees earned 77,220 Wages expense 30,630 Land 46,600 Drawing 5,000 Building 152,830 Prepare a balance sheet for Thompson Computer Services for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets Total assets 000000
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