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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