The assets and liabilities of Thompson Computer Services at March 31, 2014, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2013. Mr. Thompson invested an additional $25,000 in the business during the year. Accounts Payable $2,000 Miscellaneous Expense $1,030 Accounts Receivable 10,340 Office Expense 1,240 Cash 21,420 Supplies 1,670 Fees Earned 73,450 Wages Expense 23,550 Land 47,000 Drawing 16,570 Building 157,630

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The assets and liabilities of Thompson Computer Services at March 31, 2014, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April
1, 2013. Mr. Thompson invested an additional $25,000 in the business during the year.
Accounts Payable
$2,000
Miscellaneous Expense
$1,030
Accounts Receivable
10,340
Office Expense
1,240
Cash
21,420
Supplies
1,670
Fees Earned
73,450
Wages Expense
23,550
Land
47,000
Drawing
16,570
Building
157,630
Transcribed Image Text:The assets and liabilities of Thompson Computer Services at March 31, 2014, and its revenue and expenses for the year are listed below. The capital of the owner was $180,000 at April 1, 2013. Mr. Thompson invested an additional $25,000 in the business during the year. Accounts Payable $2,000 Miscellaneous Expense $1,030 Accounts Receivable 10,340 Office Expense 1,240 Cash 21,420 Supplies 1,670 Fees Earned 73,450 Wages Expense 23,550 Land 47,000 Drawing 16,570 Building 157,630
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