Question
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 follow. The capital of the owner was $185,100 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,900 in the business during the year. Accounts payable $1,200 Miscellaneous expense $570 Accounts receivable 9.860 Office expense 360 Cash 33,200 Supplies 1,670 Fees earned 81,770 Wages expense 32,410 Land 46,600 Drawing 4,200 155,100 Building 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 n Shot 4.41 PM n Shot 0.55 PM Shut 654 PM
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