CRANE COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Adjusted Trial Balance Account Titles...

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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. 4,500 Notes Payable 5,500 Accounts Payable 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 (a) Your Answer Correct Answer Your answer is correct. Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation 1. Apr. 30 Service Revenue Income Summary (To close revenue account) Apr. 2. Income Summary 30 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense (To close expense accounts) Apr. 3. Income Summary 30 Owner's Capital (To close net income/(loss)) Apr. 4. Owner's Capital 30 (b) Owner's Drawings (To close drawings) Your Answer Correct Answer Your answer is partially correct. Debit 15400 12300 3100 3800 Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary (c) (a2) (a3) Total 12300 (a1) 3100 Bal. 15400 0 15400 Total 15400 Owner's Capital (a4) 3800 Bal. eTextbook and Media List of Accounts Prepare a post-closing trial balance at April 30. 31450 (a3) 3100 Bal. CRANE COMPANY Post-Closing Trial Balance April 30, 2022 $ 30750 Credit 15400 10800 800 650 50 3100 3800 Attempts: 1 of 1 used Debit Credit $ Totals $ $ 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. 4,500 Notes Payable 5,500 Accounts Payable 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 (a) Your Answer Correct Answer Your answer is correct. Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation 1. Apr. 30 Service Revenue Income Summary (To close revenue account) Apr. 2. Income Summary 30 Salaries and Wages Expense Rent Expense Depreciation Expense Interest Expense (To close expense accounts) Apr. 3. Income Summary 30 Owner's Capital (To close net income/(loss)) Apr. 4. Owner's Capital 30 (b) Owner's Drawings (To close drawings) Your Answer Correct Answer Your answer is partially correct. Debit 15400 12300 3100 3800 Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the question.) Income Summary (c) (a2) (a3) Total 12300 (a1) 3100 Bal. 15400 0 15400 Total 15400 Owner's Capital (a4) 3800 Bal. eTextbook and Media List of Accounts Prepare a post-closing trial balance at April 30. 31450 (a3) 3100 Bal. CRANE COMPANY Post-Closing Trial Balance April 30, 2022 $ 30750 Credit 15400 10800 800 650 50 3100 3800 Attempts: 1 of 1 used Debit Credit $ Totals $ $

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