Business, 07.12.2021 02:30, embersongracie

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 were $60,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable $1,200 Miscellaneous expense $500
Accounts receivable 12,340 Office expense 510
Cash 32,990 Supplies 1,670
Fees earned 76,500 Wages expense 34,060
Land 65,000 Dividends 3,000
Building 143,670

The assets and liabilities of Thompson Computer Services at March 31, the end of the current year,

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The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, a...