Labels and Amount Descriptions

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 $$120,000$ and the retained earnings were $$60,000$ at April $1,$ the beginning of the current year. During the year, shareholders purchased an additional $$25,000$ in stock.

$\backslash$table$[[$Accounts$,$Amount,Accounts,Amount$],[$Accounts payable,$$2,000,$Miscellaneous expense,$$410$