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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
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. Prepare a balance sheet for the current year ended March 31
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