An alphabetical list of Crane Company adjusted accounts at its fiscal year end, August 31, 2024, follows. All accounts have normal balances. Accounts payable $15,500 Notes payable $42,000 Accumulated depreciation-equipment 14,000 Prepaid insurance 575 Accumulated depreciation-furniture 17.500 R. Johnson, capital 65,750 Cash 27,165 R. Johnson, drawings 72,000 Cost of goods sold 272,545 Rent expense 24,800 Depreciation expense- 7,010 Salaries expense 50,400 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 470,000 Insurance expense 3,575 Sales returns and allowances 15,000 Interest expense 1,620 Supplies 950 Interest payable 615 Supplies expense 6.325 Merchandise inventory 71,250 Unearned revenue 2.600 Cost of goods sold 272,545 Rent expense 24,800 Depreciation expense 7:010 Salaries expense 50,400 Equipment 35,000 Salaries payable 2,250 Furniture 42,000 Sales 470,000 Insurance expense 3,575 Sales returns and allowances 15,000 Interest expense 1,620 Supplies 950 Interest payable 615 Supplies expense 6,325 Merchandise inventory 71,250 Unearned revenue 2,600 Additional information: 1. Of the notes payable. $6,400 becomes due on February 17, 2025. The balance is due in 2026. 2. On July 18, 2024, R. Johnson invested $3,800 cash in the business. Add : Less Drawings R. Johnson, Capital August 31, 2024 CRANE COMPANY Statement of Owner's Equity