The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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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 $118,400 and the retained earnings were $56,600 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,400 in stock. Accounts payable $1,810 Miscellaneous expense $1,010 Accounts receivable 10,200 Office expense 1,260 Cash 18,830 Supplies 1,670 Fees earned 74,080 Wages expense 22,950 Land 46,200 Dividends 16,170 Building 157,000 Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets Fees earned 74,080 Office expense 1,010 Wages expenses 22 Miscellaneous expense Total assets Liabilities Stockholders' Equity. Total liabilities and stockholders' 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 common stock was $118,400 and the retained earnings were $56,600 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,400 in stock. Accounts payable $1,810 Miscellaneous expense $1,010 Accounts receivable 10,200 Office expense 1,260 Cash 18,830 Supplies 1,670 Fees earned 74,080 Wages expense 22,950 Land 46,200 Dividends 16,170 Building 157,000 Prepare a balance sheet for the current year ended March 31. Thompson's Computer Services Balance Sheet March 31 Assets Fees earned 74,080 Office expense 1,010 Wages expenses 22 Miscellaneous expense Total assets Liabilities Stockholders' Equity. Total liabilities and stockholders' equity
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Income Statement Revenues Fee earned 74080 Expenses Miscellane... View the full answer
Related Book For
Financial Accounting
ISBN: 978-0134127620
11th edition
Authors: Walter Harrison, Charles Horngren, William Thomas, Wendy Tietz
Posted Date:
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