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The assets and liabilities of Thompson Computer Services at March 31, the end of the...

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Accounting

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 $189,000 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,000 in the business during the year.

Accounts payable $1,200 Miscellaneous expense $410
Accounts receivable 8,070 Office expense 370
Cash 34,090 Supplies 1,670
Fees earned 75,800 Wages expense 27,270
Land 47,500 Drawing 6,600
Building 155,020

Prepare a balance sheet for Thompson Computer Services for the current year ended March 31.

Thompson Computer Services Balance Sheet March 31

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Total assets
Liabilities

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Owner's Equity

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Total liabilities and owner's equity

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