Question: Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets The assets and liabilities of Thompson
Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets 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 common stock was $120,200 and the retained earnings were $55,600 at April 1, the beginning of the current year. During the year shareholders purchased an additional $24,700 in stock. Accounts payable $1,800 Miscellaneous expense $1,010 Accounts receivable 10,130 Office expense 1.230 Cash 19,530 Supplies 1,670 Fees earned 71,400 Wages expense 22,630 Land 45,500 Dividends 15,760 Building 156,300 Prepare a balance sheet for the current year anded March 31. Thompson's Computer Services Balance Sheet March 31 Assets
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