The Assets and Liabilities of Thompson Computer Services at March

question 140

Essay

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 $120,000 and the retained earnings was $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Use this information the answer the questions that follow.
$$\begin{array} { l r l r } \text { Accounts payable } & \$ 2,000 & \text { Miscellaneous expense } & \$ 1,030 \\\text { Accounts receivable } & 10,340 & \text { Office expense } & 1,240 \\\text { Cash } & 21,420 & \text { Supplies } & 1,670 \\\text { Fees earned } & 73,450 & \text { Wages expense } & 23,550 \\\text { Land } & 47,000 & \text { Dividends } & 16,570 \\\text { Building } & 157,630 & &\end{array}$$ ​
-Prepare a balance sheet for the current year ended March 31.

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Definitions:

Charismatic Leaders

Leaders who inspire and motivate their followers through their personal vision, enthusiasm, and appeal.

Transformational Leaders

Leaders who inspire and motivate employees by creating a vision of future success, fostering personal development, and challenging existing limitations.

Idealized Influence

Behavior that gains the admiration, trust, and respect of followers, who in turn follow the leader’s example with their own actions.

Charismatic

Pertaining to a quality of leadership that inspires loyalty, enthusiasm, and devotion, often based on personal charm or compelling vision.