Homework Answers
| Thompson's Computer Services | |||
| Balance Sheet | |||
| March 31 | |||
| Assets | |||
| Cash | 18730 | ||
| Accounts receivable | 10020 | ||
| Supplies | 1670 | ||
| Land | 47000 | ||
| Building | 155100 | ||
| Total assets | 232520 | ||
| Liabilities | |||
| Accounts payable | 1810 | ||
| Stockholders' Equity | |||
| Common stock | 145700 | ||
| Retained earnings | 85010 | ||
| Total liabilities and stockholders' equity | 232520 | ||
| Workings: | |||
| Statement of Retained Earnings | |||
| Thompson's retained earnings, April 1 | 56200 | ||
| Net income for the year | 44550 | =68900-1030-1210-22110 | |
| Less dividends | 15740 | ||
| Increase in stockholders' equity | 28810 | ||
| Thompson's retained earnings, March 31 | 85010 | ||
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Calculator The assets and liabilities of Thompson Computer Services at March 31, the end of the...
Calculator The assets and liabilities of Thompson Computer Services at March 31, the end of the...
Calculator 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 $120,900 and the retained earnings were $58,100 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,700 in stock Accounts payable $1,950 Miscellaneous expense $1,050 Accounts receivable 10,170 Office expense 1,220 Cash 20,130 Supplies 1,670 Fees earned 70,260 Wages expense...
The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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 $119,400 and the retained earnings were $56,200 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable Accounts receivable Cash $1,970 10,490 18,930 71,110 46,100 155,500 Miscellaneous expense Office expense Supplies Wages expense Dividends $1,020 1,290 1,670...
$1.010 Miscellaneous expense The assets and liabilities of Thompson Computer Services at March 31, the end...
$1.010 Miscellaneous expense 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 $118,800 and the retained earnings were $56,200 at April 1, the beginning of the current year. During the year, shareholders purchased additional $25,000 in stock Accounts payable $1,990 Accounts receivable 10,670 Office expense 1,200 Cash 19,530 Supplies 1,670 Fees eamed 71,760 Wages expense 22,000 Land...
The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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 $121,100 and the retained earnings were $58,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,100 in stock. Accounts payable $1,820 Miscellaneous expense $1,010 Accounts receivable 10,370 Office expense 1,270 Cash 18,730 Supplies 1,670 Fees earned 67,840 Wages expense 22,440...
Calculator The assets and liabilities of Thompson Computer Services at March 31, the end of the...
Calculator 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 $194,100 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,000 in the business during the year. Accounts payable $1,200 Miscellaneous expense $560 Accounts receivable 10,340 Office expense 550 Cash 32,320 Supplies 1,670 Fees earned 78,730 Wages expense 33,380 Land...
The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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 $186,800 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,900 in the business during the year. Accounts payable $1,200 Miscellaneous expense $580 Accounts receivable 8,970 Office expense 470 Cash 34,990 Supplies 1,670 Fees earned 70,870 Wages expense 32,590 Land 45,700...
The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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 $194,400 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,200 in the business during the year. Accounts payable $1,200 Miscellaneous expense $520 Accounts receivable 8,070 Office expense 690 Cash 34,090 Supplies 1,670 Fees earned 78,360 Wages expense 28,590 Land 47,500...
The assets and liabilities of Thompson Computer Services at March 31, the end of the current...
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 $188,600 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,000 in the business during the year. Accounts Amount Accounts Amount Accounts payable $1200 Miscellaneous expense $580 Accounts receivable 10,759 Office expense 310 Cash 30,485 Supplies 1,670 Fees earned 76,430 Wages...
Calculator The assets and liabilities of Thompson Computer Services at March 31, the end of the...
Calculator 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. TI common stock was $127,300 and the retained earnings were $65,000 at April 1, the beginning of the current year. During the year, shareholders purchased an a $25,700 in stock $2,000 $1,010 Accounts payable Miscellaneous Expense Office expense 10,340 Accounts receivable 1,290 1,670 Cash 21,420 Supplies 23,380 Fees earned Wages expense...
Calculator 1.300 The assets and liabilities of Thompson Computer Services at March 31, the end of...
Calculator 1.300 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 $132,800 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $26,000 in stock. Accounts payable $2,000 Miscellaneous Expense $1,040 Accounts receivable 10,340 Office expense Cash 21,420 Supplies 1,670 Fees earned 72,590 Wages expense...
Calculator 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 $120,900 and the retained earnings were $58,100 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,700 in stock Accounts payable $1,950 Miscellaneous expense $1,050 Accounts receivable 10,170 Office expense 1,220 Cash 20,130 Supplies 1,670 Fees earned 70,260 Wages expense...
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 $119,400 and the retained earnings were $56,200 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable Accounts receivable Cash $1,970 10,490 18,930 71,110 46,100 155,500 Miscellaneous expense Office expense Supplies Wages expense Dividends $1,020 1,290 1,670...
$1.010 Miscellaneous expense 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 $118,800 and the retained earnings were $56,200 at April 1, the beginning of the current year. During the year, shareholders purchased additional $25,000 in stock Accounts payable $1,990 Accounts receivable 10,670 Office expense 1,200 Cash 19,530 Supplies 1,670 Fees eamed 71,760 Wages expense 22,000 Land...
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 $121,100 and the retained earnings were $58,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,100 in stock. Accounts payable $1,820 Miscellaneous expense $1,010 Accounts receivable 10,370 Office expense 1,270 Cash 18,730 Supplies 1,670 Fees earned 67,840 Wages expense 22,440...
Calculator 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 $194,100 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,000 in the business during the year. Accounts payable $1,200 Miscellaneous expense $560 Accounts receivable 10,340 Office expense 550 Cash 32,320 Supplies 1,670 Fees earned 78,730 Wages expense 33,380 Land...
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 $194,400 at April 1, the beginning of the current year. Mr. Thompson invested an additional $15,200 in the business during the year. Accounts payable $1,200 Miscellaneous expense $520 Accounts receivable 8,070 Office expense 690 Cash 34,090 Supplies 1,670 Fees earned 78,360 Wages expense 28,590 Land 47,500...
Calculator 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. TI common stock was $127,300 and the retained earnings were $65,000 at April 1, the beginning of the current year. During the year, shareholders purchased an a $25,700 in stock $2,000 $1,010 Accounts payable Miscellaneous Expense Office expense 10,340 Accounts receivable 1,290 1,670 Cash 21,420 Supplies 23,380 Fees earned Wages expense...
Calculator 1.300 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 $132,800 and the retained earnings were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $26,000 in stock. Accounts payable $2,000 Miscellaneous Expense $1,040 Accounts receivable 10,340 Office expense Cash 21,420 Supplies 1,670 Fees earned 72,590 Wages expense...
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