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Please help Wayne Holtz is the bookkeeper for Crane Company. Wayne has been trying to get the balance sheet of Crane Company to balance. It
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Wayne Holtz is the bookkeeper for Crane Company. Wayne has been trying to get the balance sheet of Crane Company to balance. It finally balanced, but now he's not sure it is correct. Assets Cash Crane Company Balance Sheet December 31, 2022 Liabilities and Stockholders' Equity Accounts payable Accounts receivable Common stock Retained earnings Total liabilities and stockholders' equity $16,400 10,300 41,000 7,100 $74,800 Supplies Equipment Dividends $16,900 (11,100) 42,000 27,000 $74,800 Total assets Prepare a correct balance sheet. (List assets in order of liquidity.) Prepare a correct balance sheet. (List assets in order of liquidity.) CRANE COMPANY Balance Sheet December 31, 2022 Assets Cash $ 16400 Accounts Receivable 11.100 Supplies 10,300 Equipment 41,000 Total Assets $ 78800 Liabilities and Stockholders' Equity Liabilities Accounts Payable $ 16,900 Stockholders' Equity Common Stock $ 42.000 Retained Earnings 27,000 Total Stockholders' Equity 69,000 Total Liabilities and Stockholders' Equity $ 78800Step by Step Solution
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