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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 $192,000 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,800 in the business during the year. Accounts payable $1,200 Miscellaneous expense $480 Accounts receivable 9,860 Office expense 410 Cash 31,400 Supplies 1,670 Fees earned 80,370 Wages expense 27,300 Land 48,400 Drawing 5,600 Building 164,250 Prepare a balance sheet for Thompson Computer Services for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets
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