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Crane's general journal for the month of June is presented here: GENERAL JOURNAL Account Titles Debit Credit June 1 Cash 4,900 Common Shares 4,900
Crane's general journal for the month of June is presented here: GENERAL JOURNAL Account Titles Debit Credit June 1 Cash 4,900 Common Shares 4,900 4 Supplies 1,450 Accounts Payable 1,450 7 Accounts Receivable 1,980 Service Revenue 1,980 18 Cash 1,400 Accounts Receivable 1,400 25 25 No Entry 0 No Entry 0 27 27 Cash 1,400 Deferred Revenue 1,400 28 Accounts Payable 1,450 Cash 1,450 29 Income Tax Expense 1,300 Cash 1,300 Using T accounts, post the above journal entries recorded for Crane Ltd. to the general ledger, and determine the ending balances in each account. (Post entries in the order displayed in the problem statement. If the balance is zero (0), select date from drop down and enter O for the amounts.)
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