Current Attempt in Progress

These financial statement items are for Crane Corporation at year end, July 31, 2018:

Operating expenses	$32,500		Interest payable		$ 1,900
Salaries expense	47,700		Supplies expense		1,200
Unearned revenue	12,000		Dividends declared		15,500
Utilities expense	2,500		Depreciation expense		4,000
Equipment	61,400		Retained earnings, Aug. 1, 2017		20,940
Accounts payable	4,020		Rent expense		13,500
Service revenue	113,600		Income tax expense		5,200
Rent revenue	19,500		Supplies		1,200
Common shares	26,000		Held for trading investments		23,500
Cash	5,260		Bank loan payable (due Dec. 31, 2018)		26,800
Accounts receivable	16,100		Interest expense		1,900
Accumulated depreciationequipment	6,700

Additional information: Crane started the year with $19,000 of common shares and issued additional shares for $7,000 during the year.

Prepare statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

CRANE CORPORATION Statement of Changes in Equity choose the accounting period Year Ended July 31, 2018Month Ended July 31, 2018July 31, 2018
		Common Shares		Retained Earnings		Total Equity
select an opening name for this statement RevenuesExpensesTotal ExpensesIncome Before Income TaxNet Income/(Loss)Balance, August 1, 2017Total RevenuesBalance, July 31, 2018Issued Common SharesDividends Declared		$enter the beginning balance		$enter the beginning balance		$enter the beginning balance
select an item of the statement RevenuesExpensesTotal ExpensesIncome Before Income TaxNet Income/(Loss)Balance, August 1, 2017Total RevenuesBalance, July 31, 2018Issued Common SharesDividends Declared		enter a dollar amount		enter a dollar amount		enter a total amount
select an item of the statement RevenuesExpensesTotal ExpensesIncome Before Income TaxNet Income/(Loss)Balance, August 1, 2017Total RevenuesBalance, July 31, 2018Issued Common SharesDividends Declared		enter a dollar amount		enter a dollar amount		enter a total amount
select an item of the statement RevenuesExpensesTotal ExpensesIncome Before Income TaxNet Income/(Loss)Balance, August 1, 2017Total RevenuesBalance, July 31, 2018Issued Common SharesDividends Declared		enter a dollar amount		enter a dollar amount		enter a total amount
select a closing name for this statement RevenuesExpensesTotal ExpensesIncome Before Income TaxNet Income/(Loss)Balance, August 1, 2017Total RevenuesBalance, July 31, 2018Issued Common SharesDividends Declared		$enter the ending balance		$enter the ending balance		$enter the ending balance

Save for Later

(a3)

Show Attempt History Current Attempt in Progress These financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses $ 1,900 $32,500 Interest payable 47,700 Supplies expense Salaries expense 1,200 Unearned revenue 12,000 Dividends declared 15,500 Utilities expense 2,500 Depreciation expense 4,000 Equipment Accounts payable Service revenue 61,400 Retained earnings, Aug. 1, 2017 20,940 4,020 Rent expense 13,500 113,600 Income tax expense 5,200 19,500 Supplies 1,200 26,000 Held for trading investments 23,500 5,260 Bank loan payable (due Dec. 31, 2018) 26,800 Rent revenue Common shares Cash Accounts receivable 16,100 Interest expense 1,900 Accumulated depreciation-equipment 6,700 Additional information: Crane started the year with $19,000 of common shares and issued additional shares for $7,000 during the year. (a1) 6016/assignments/5095565 CRANE CORPORATION Income Statement Year Ended July 31, 2018 Revenues Service revenue $ 113,600 Rent revenue 19500 Total Revenues 133100 Expenses Operating Expenses $ 32500 Salaries Expense 47700 Utilities Expense 2500 i Supplies Expense 1200 Depreciation Expense 4000 i Rent Expense 13500 Interest Expense 1900 Total Expenses 103300 Utilities Expense 2500 Supplies Expense 1200 Depreciation Expense 4000 Rent Expense 13500 Interest Expense 1900 Total Expenses 103300 Income Before Income Tax 29800 Income Tax Expense 5200 Net Income/(Loss) 24600 Attempts (a2) Prepare statement of changes in equity for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or p (45)) CRANE CORPORATION Statement of Changes in Equity CRANE CORPORATION Statement of Changes in Equity Common Shares Retained Earnings Total Equity $ $ + Save for Later Attempts: 0 of 3 used (a3) The parts of this question must be completed in order. This part will be available when you complete the part above