The Bramble Corporation reports the following adjusted account balances, shown in alphabetical order, at the end of its fiscal year,
March 31, 2024:
Accounts payable
$13,900
Accounts receivable
28,900
Accumulated depreciation-equipment
7,200
Cash
18,900
Common shares
11,350
Depreciation expense
5,300
Dividends declared
2,900
Equipment
25,700
Fees earned
97,600
Income tax expense
5,700
Income tax payable
5,450
Insurance expense
4,400
Prepaid insurance
3,400
Rent expense
6,900
Retained earnings
21,900
Salaries expense
48,200
Salaries payable
3,900
Supplies
2,800
Supplies expense
4,900
Utilities expense
3,300
During the year ended March 31, 2024, common shares were issued for $5,900.