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 are listed below. The capital of the owner was $189,200 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,200 in the business during the year. Accounts payable Miscellaneous expense $460 $1,200 Accounts receivable Office expense 8,070 610 Cash 33,190 Supplies 1,670 Fees earned 70,600 Wages expense 31,970 Land 48,400 Drawing 4,300 Building 147,530 balance sheet for Thompson Computer Services for the current year ended March 31. Prepare Thompson Computer Services Balance Sheet March 31 Assets Total assets Liabilities Owner's Equity Total liabilities and owner's equity
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 are listed below. The capital of the owner was $189,200 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,200 in the business during the year. Accounts payable Miscellaneous expense $460 $1,200 Accounts receivable Office expense 8,070 610 Cash 33,190 Supplies 1,670 Fees earned 70,600 Wages expense 31,970 Land 48,400 Drawing 4,300 Building 147,530 balance sheet for Thompson Computer Services for the current year ended March 31. Prepare Thompson Computer Services Balance Sheet March 31 Assets Total assets Liabilities Owner's Equity Total liabilities and owner's equity
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter1: Introduction To Accounting And Business
Section: Chapter Questions
Problem 2PA: Financial statements The assets and liabilities of Global Travel Agency on December 31, 20Y5, and...
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