chapter 14 -q3 financial accounting

Crane Ltd. had the following share transactions during its first year of operations: Journalize the transactions. (Credit account titles are automatically indented when the 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. Round average per share to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) July 18 Cash 1960000 Common Shares 1960000 \begin{tabular}{|l|} \hline Common Shares \\ \hline Cammonstares \\ \hline \end{tabular} \( \longdiv { 1 9 6 0 0 0 0 } \) Nov. 17 313600 \begin{tabular}{|r|} \hline \\ \hline \\ \hline \\ \hline \\ \hline \end{tabular} \begin{tabular}{l} \hline Retalned Farnings \\ \hline Cash \\ \hline Commenshares \\ \hline \end{tabular} Retained Earnings \begin{tabular}{|c|} \hline \\ 286650 \\ \hline \end{tabular} Deci 30 : Caish \begin{tabular}{r} 22050 \\ \hline 264600 \\ \hline \end{tabular} eTextbook and Media