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Patricia Johnson is the bookkeeper for Crane Company. Patricia has been trying to determine the correct balance sheet for Crane Company Crane's balance sheet
Patricia Johnson is the bookkeeper for Crane Company. Patricia has been trying to determine the correct balance sheet for Crane Company Crane's balance sheet is shown below. CRANE COMPANY Balance Sheet December 31, 2020 Assets Liabilities Cash $18,168 Accounts payable $25,435 Supplies 9.690 Accounts receivable (7,873) Equipment 55,715 Owner's capital 81.757 Owner's drawings 15,746 Total liabilities and owner's equity $99,319 Total assets $99,319 Prepare a correct balance sheet. (List Assets in order of liquidity.) CRANE COMPANY Balance Sheet Assets
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