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  1. As of December 31, 2010, Thomas Company had total...

    As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for...
  2. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for cash expenses, a

    As of December 31, 2010, Thomas Company had total assets of $156,000, total liabilities of $85,600, and common stock of $52,400. During 2011 Thomas earned $36,000 of cash revenue, paid $20,000 for...
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