2. EX.01.260.ALGO 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 $191,900 at April 1, the beginning of the current year. Mr. Thompson invested an additional $14,500 in the business during the year. Accounts payable $1,200   Miscellaneous expense $450 Accounts receivable 8,970   Office expense 420 Cash 33,190   Supplies 1,670 Fees earned 74,530   Wages expense 29,140 Land 47,500   Drawing 6,500 Building 154,290       Prepare a balance sheet for Thompson Computer Services for the current year ended March 31. Thompson Computer Services Balance Sheet March 31 Assets   $fill in the blank 2   fill in the blank 4   fill in the blank 6   fill in the blank 8   fill in the blank 10 Total assets $fill in the blank 11 Liabilities   $fill in the blank 13 Owner's Equity   fill in the blank 15 Total liabilities and owner's equity $fill in the blank 16

The following information has been taken from Sacha's accounts.                                                                                                 Income Statement for the year ending 31st December 2019.”     “ £ Revenue 1,372,008 Cost of Sales (916,502) Gross Profit 455,506                     Selling and distribution expenses (excluding depreciation) (110,000) Administration expenses (excluding depreciation) (86,000) Operating expenses (90,540) Depreciation (84,480) Operating Profit 84,486     Interest receivable 7,428 Interest payable (3,714) Profit for the year 88,200”                                                       “Statements of financial position as at 31st December 2018 and 31st December 2019.    “                                                                                                                    “2018 2019   £ £ £ £…

Please answer it in good accounting form

Current Attempt in Progress Swifty Wholesalers Ltd. has a December 31 year end. The company incurred the following transactions related to current liabilities: 1. Swifty's cash register showed the following totals at the end of the day on March 17: pre-tax sales $55,000, GST $2,750, and PST $3,850. 2. 3. Swifty remitted $49,000 of sales taxes owing from March to the government on April 30. Swifty paid its employees for the week of August 15 on August 20. The gross pay was $80,000. The company deducted $4,240 for CPP, $1,264 for El, $6,400 for pension, and $16,020 for income tax from the employees' pay. 4. Swifty recorded the employer portions of CPP and El for the week of August 15 on August 20 for $4,240 and $1,770, respectively. 5. On September 15, all amounts owing for employee income taxes, CPP, and El pertaining to the payroll transactions above were paid. 6. On December 31, Swifty's legal counsel believes that the company will have to pay damages of $62,000 next year to a local…

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Liability Transactions The following items were selected from among the transactions completed by Sherwood Co. during the current year:   Feb. 15. Purchased merchandise on account from Kirkwood Co., $144,000, terms n/30. Mar. 17. Issued a 60-day, 8% note for $144,000 to Kirkwood Co., on account. May 16. Paid Kirkwood Co. the amount owed on the note of March 17. June 15. Borrowed $180,000 from Triple Creek Bank, issuing a 60-day, 9% note. July 21. Purchased tools by issuing a $102,000, 90-day note to Poulin Co., which discounted the note at the rate of 8%. Aug. 14. Paid Triple Creek Bank the interest due on the note of June 15 and renewed the loan by issuing a new 60-day, 10% note for $180,000. (Journalize both the debit and credit to the notes payable account.) Oct. 13. Paid Triple Creek Bank the amount due on the note of August 14. Oct. 19. Paid Poulin Co. the amount due on the note of July 21. Dec. 1. Purchased office equipment from Greenwood Co. for $96,000,…

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