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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
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 $186,800 at April 1, the beginning of the current year. Mr. Thompson invested an additional $16,000 in the business during the year. Accounts payable $1,200 Miscellaneous expense $570 Accounts receivable 10,340 Office expense 570 Cash 32,320 Supplies 1,670 Fees earned 72,270 Wages expense 32,910 Land 47,000 Drawing 4,000 Building 146,890 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
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