CRANE COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11.700 Accounts Receivable 8,100 Prepaid Rent 2,400 Equipment 23.300 Accumulated Depreciation-Equip. Notes Payable Accounts Payable 4,500 5.500 4,700 Owner's Capital 31,450 Owner's Drawings 3,800 Service Revenue 15,400 Salaries and Wages Expense 10,800 Rent Expense 800 Depreciation Expense 650 Interest Expense 50 Interest Payable 50 Totals 61.600 61.600 (b) Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary

CRANE COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles Dr. Cr. Cash 11.700 Accounts Receivable 8,100 Prepaid Rent 2,400 Equipment 23.300 Accumulated Depreciation-Equip. Notes Payable Accounts Payable 4,500 5.500 4,700 Owner's Capital 31,450 Owner's Drawings 3,800 Service Revenue 15,400 Salaries and Wages Expense 10,800 Rent Expense 800 Depreciation Expense 650 Interest Expense 50 Interest Payable 50 Totals 61.600 61.600 (b) Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary

Name: CRANE COMPANYWorksheet (partial)For the Month Ended April 30, 2022Adj
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Description: CRANE COMPANYWorksheet (partial)For the Month Ended April 30, 2022Adjusted Trial BalanceAccount TitlesDr.Cr.Cash11,700Accounts Receivable8,100Prepaid Rent2,400EquipmentAccumulated Depreciation-Equip.23,3004,500Notes Payable5,500Accounts Payable4,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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