1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Marta_Voda [28]
3 years ago
8

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 follow. The capital of the owner was $185,200 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 $470
Accounts receivable 9,860 Office expense 690
Cash 32,300 Supplies 1,670
Fees earned 82,110 Wages expense 34,330
Land 47,500 Drawing 5,400
Building 151,490

Required:
Prepare a statement of owner's equity for Thompson Computer Services for the current year ended March 31.
Business
1 answer:
JulijaS [17]3 years ago
7 0

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

You might be interested in
I need help in this it’s personal finance
Lilit [14]

Answer:

it may personal finance

Explanation:

because it's is include personal site

7 0
2 years ago
question 1 a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction. this is an
ehidna [41]

When a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction, this is an example of categorizing things.

<h3>What is data?</h3>

Data can be defined as a representation of factual instructions (information) in a formalized and structured manner, especially as a series of binary digits (bits) or strings that are used on computer systems in a company.

<h3>Who is a data analyst?</h3>

A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, analyzing, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.

<h3>The data analyst six (6) problem types.</h3>

Generally, there are six (6) problem types that are associated with a data analyst and this include the following:

  • Making predictions
  • Categorizing things
  • Spotting something unusual
  • Identifying themes
  • Discovering connections
  • Finding patterns

In this context, we can infer and logically deduce that a data analyst identifying and classifying keywords from customer reviews in order to improve customer satisfaction is an example of categorizing things.

Read more on data analyst here: brainly.com/question/27853454

#SPJ1

3 0
1 year ago
Paid for the monthly rent by check​
sattari [20]

i'm confused what your trying to say here?

5 0
3 years ago
The purpose of the forecast should be established first so that the level of detail, amount of resources, and accuracy level can
nadya68 [22]

Answer: True

Explanation:

 Yes, the given statement is true that the forecast are establish first so that we can easily understand the different types of factors such as amount of the resources, detail and the level of the accuracy.

The forecast is one of the technique that is used for the historical data or the information that helps in estimating the actual direction and also allocating their specific budget and different types of plans.

 Therefore, The given statement is true as these all above given considerations are used for the purpose of forecast.    

 

3 0
2 years ago
QUESTION 10 of 10: You've been meaning to fix those rotted boards on your porch for years. Finally, last week the deck gave way.
s2008m [1.1K]

Answer:

B no

Explanation:

Because they don't cover such matters.

7 0
3 years ago
Other questions:
  • Lindley company is interested in verifying previous job responsibilities held by its applicants. the selection technique that wi
    10·1 answer
  • Luke's Express Diner is the only place that sells burgers in a remote town in Arizona. As one of the​ long-time residents of the
    13·1 answer
  • Alpha Manufacturing has interest expense of $12 million, total assets of $184 million, sales of $176 million, long-term debt of
    13·1 answer
  • Eve's Apples opened for business on January 1, 2018, and paid for two insurance policies effective that date. The liability poli
    13·1 answer
  • For long-term positive relations, the goal of negotiation should most likely be to ________. a) establish a clear line of commun
    12·1 answer
  • 5b. MousePad Computer Company, in addition to its retail sales, conducts night classes in computer technology. MousePad has prov
    13·1 answer
  • Consignment goods are:
    10·1 answer
  • Getty Company expects sales for the first three months of next year to be $200,000, $235,000, and $298,000, respectively. Getty
    7·1 answer
  • Find the accumulated value of $ 740 at the end of 7 years using a nominal annual rate of interest of 6 % compounded quarterly.
    6·1 answer
  • HW2: ABC Co. acquired the $100,000, 6% bonds on 2001/12/31. Market price of the bonds: $102,723 (including brokerage fee of $153
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!