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Current Attempt in Progress The adjustments columns of the worksheet for Crane Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 1,450
Current Attempt in Progress The adjustments columns of the worksheet for Crane Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 1,450 Prepaid Insurance 480 Accumulated Depreciation-Equipment 800 Salaries and Wages Payable 490 Service Revenue 1450 Salaries and Wages Expense 490 Insurance Expense 480 Depreciation Expense 800 3,220 3.220 (a) Your answer is correct Prepare the adjusting entries. (Credit account titles are automatically indented when amount is entered. Do not indent manually no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Service Re (To record service revenue on account) (To record expired insurance) Accumulated Dat (To record depreciation) - Sanes and Wige Exp (To record accrued salanes) Debit Credit 1450 000 490 1430 800 (b) Assuming the adjusted trial balance amount for each account is normal, indicate with an "X" the financial statement column to which each balance should be extended on the worksheet Income Statement Balance Sheet Account Titles Debit Credit Debit Credit Accounts Receivable Prepaid Insurance Accumulated Depreciation-Equipment Salaries and Wages Payable Service Revenue Salaries and Wages Expense Insurance Expense Depreciation Expeme eTextbook and Media Clestbook Assistance Used
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