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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

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 $122,000 and the retained earnings were $55,600 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $24,400 in stock. Accounts payable $1,860 Miscellaneous expense $1,030 Accounts receivable 10,550 Office expense 1,300 Cash 19,83

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