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Please solve The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for
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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 $130,400 and the retained earnings were $61,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Accounts payable $2,000 Miscellaneous Expense $1,000 Accounts receivable 10,340 Office expense 1,290 Cash 21,420 Supplies 1,670 Fees earned 72,320 Wages expense 23,500 Land 47,000 Dividends 14,500 Building 157,630 Step by Step Solution
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