Answer:
Thompson Computer Services
Thompson Computer Services
Statement of Owner's Equity for the current year ended March 31
Capital, Thompson            $185,200
Additional investment           15,200
Total Capital, Thompson $200,400
Net income              46,620
Drawing                     5,400
Retained earnings             $41,220
Owner's Equity               $241,620
Explanation:
a) Data and Calculations:
Beginning balance:
Capital, Thompson            $185,200
Additional investment           15,200
Total Capital, Thompson $200,400  
Cash 32,300 
Accounts receivable 9,860 
Supplies 1,670  
Land 47,500  
Building 151,490
Accounts payable $1,200
Capital, Thompson 200,400
Drawing 5,400
Fees earned 82,110 
Wages expense 34,330
Miscellaneous expense 470
Office expense 690
Fees earned              $82,110 
Wages expense         34,330
Miscellaneous expense 470
Office expense              690
Total expenses      $35,490
Net income            $46,620
Drawing                     5,400
Retained earnings $41,220