Question
The assets and liabilities of Thompson Computer Services at October 31, the end of the current fiscalyear, and its revenueand expenses for the year are
The assets and liabilities of Thompson Computer Services at October 31, the end of the current fiscalyear, and its revenueand expenses for the year are listed below. The common stock was $120,000 and the retained earnings were $60,000atthe beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock.
Accounts payable
$2,000
Miscellaneous expense
$1,030
Accounts receivable
10,340
Office expense
1,240
Cash
21,420
Supplies
1,670
Fees earned
73,450
Wages expense
23,550
Land
47,000
Dividends
16,570
Building
157,630
How do i make balance sheet from this?
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