Question: Prepare a balance sheet for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets Cash 20,230 Accounts receivable 10,720 Supplies

Prepare a balance sheet for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets Cash 20,230 Accounts receivable 10,720 Supplies 1,670 Land 46,600 Building 156,400 Total assets 235,620 Liabilities Accounts payable 1,870 Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity The assets and abilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $122,600 and the retained earnings was $55,700 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,000 in stock, Accounts payable $1,870 Miscellaneous expense $1,030 Accounts receivable 10.720 Office expense 1,290 Cash 20,230 Supplies 1,670 Fees earned 72,730 Wages expense 22,930 Land 46,600 Dividends 16,030 Building 156,400 w Prepare a balance sheet for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets Cash 20.230 Accounts receivable 10.720 Supplies 1670 Land . 46.600 Building 156,400 Thompson Computer Balance Sheet March 31 Assets Cash 20,230 10,720 Accounts receivable Supplies 1,670 Land 46,600 Building 156,400 235,620 N Total assets
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