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On August 1,2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Crane Ltd. During

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On August 1,2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Crane Ltd. During August, the following summary transactions ware completed. Aug. 1. Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers deliwered during August and September. (Hint: Use the Prepaid Advertising account) 3 Paid August rent \$350, (Hint Use the Prepaid Rent account) 6 Received $3.170 cash from customers in payment of accounts 10 Paid \$2,920 for salaries due employees, of which $1,620 is for August and $1,300 is for July salaries payable 13. Received $3,570 cash for services performed in August. 15. Purchased additional equipment on account $2.080 17. Paid creditors $2,080 of accounts payable due, 22. Purchased supplies on account $750. 24 Paid salaries $2.820. 27 Performed services worth $4,510 on account and billed customers: 29. Received $800 from customers for services to be provided in the future. 31 Declared and paid a $470 dividend. On August 1.2021, the beginning of its current fiscal year, the following opening account balances, Histed in alphabetical order, were reported by Crane Ltd. On August 1,2021, the beginning of its current fiscal year, the following opening account balances, listed in alphabetical order, were reported by Crane Ltd. During August, the following summary transactions ware completed. Aug. 1. Paid $400 cash for advertising in local newspapers. Advertising flyers will be included with newspapers deliwered during August and September. (Hint: Use the Prepaid Advertising account) 3 Paid August rent \$350, (Hint Use the Prepaid Rent account) 6 Received $3.170 cash from customers in payment of accounts 10 Paid \$2,920 for salaries due employees, of which $1,620 is for August and $1,300 is for July salaries payable 13. Received $3,570 cash for services performed in August. 15. Purchased additional equipment on account $2.080 17. Paid creditors $2,080 of accounts payable due, 22. Purchased supplies on account $750. 24 Paid salaries $2.820. 27 Performed services worth $4,510 on account and billed customers: 29. Received $800 from customers for services to be provided in the future. 31 Declared and paid a $470 dividend. On August 1.2021, the beginning of its current fiscal year, the following opening account balances, Histed in alphabetical order, were reported by Crane Ltd

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