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Instructions Instructions The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for
Instructions Instructions 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 $120,600 and the retained earnings were $68,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock. Amount Amount Accounts Accounts $1,030 Miscellaneous expense $2,000 Accounts payable Accounts receivable 1,210 Office expense 10,340 Cash 21,420 Supplies 1,670
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