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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

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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 $119,100 and the retained earnings were $69,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,300 in stock. $1,020 Accounts payable Accounts receivable 1,200 Cash 1,670 $2,000 Miscellaneous Expense 10,340 Office expense 21,420 Supplies 72,170 Wages expense 47,000 Dividends 157,630 Fees earned 23,440 Land 16,800 Building

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