Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i need some parts The adjusted trial balance for Crane Company is given below. CRANE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment
i need some parts
The adjusted trial balance for Crane Company is given below. CRANE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $11.772 $11.772 9,504 10.152 Accounts Receivable Supplies 2,700 540 Prepaid Insurance 4.320 2.700 Equipment 17.280 17.280 Accumulated Depreciation-Equipment $3,888 $5.184 Accounts Payable 6,264 6,264 Salaries and Wages Payable 0 1.188 $3,888 $5,184 6,264 6,264 0 1.188 1.944 864 10,800 10,800 Accumulated Depreciation--Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Shares Retained Earnings Dividends Service Revenue Rent Revenue Salaries and Wages Expense 5.940 5.940 3.024 3.024 36.720 37,368 13,068 14,148 18,360 19,546 Supplies Expense 0 2.160 Rent Expense 11.664 11.664 Insurance Expense 1,620 Depreciation Expense 0 1.296 $78,624 $78,624 $81,756 $81.756 Prepare the classified balance sheet at August 31. (List Current Assets in order of Viquidity) CRANE COMPANY Balance Sheet August 31, 2020 Assets Current Assets Current Liabilities Intangible Assets Long-term investments Long-term Liabilities Property, plant and Equipment Shareholders' Equity Total Assets Total Current Assets Total Current Liabilities Total Intangible Assets Total Liabilities and Shareholders' Equity Total Long-term Investments Total Long-term Liabilities Total Property, plant and Equipment CRANE COMPANY Balance Sheet August 31, 2020 Assets + Accounts Receivable Supplies Prepaid Insurance Equipment Prepaid insurance Equipment Les Accumulated Depreciation Etuiment Total Asset Liabilities and Shareholders' Equity Accounts Payable Sabores and Wag Payable Unched Rent venu LIGUE 1 anderers Equity Accounts Payable $ Salaries and Wages Payable Unearned Rent Revenue $ Salaries and Wages Payable Unearned Rent Revenue S Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started