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prepare a balance sheet Current Attempt in Progress Crane Company is owned by Irina Temelkova. The following information is an alphabetical listing of financial statement
prepare a balance sheet Current Attempt in Progress Crane Company is owned by Irina Temelkova. The following information is an alphabetical listing of financial statement items for the company for the year ended May 31, 2021 Accounts payable Accounts receivable Advertising expense Building Cash Equipment 1. Temelkova, capital, June 1.2020 1. Temelkova, drawings Insurance expense $47.100 45,000 3,950 130,000 28,600 570,700 300,170 35,500 2,620 Interest expense Investments by owner Maintenance expense Notes payable Other expenses Prepaid insurance Revenue Salaries expense Supplies $22,700 7,010 88.700 391,000 67,600 1,310 395.900 128.200 16,300 Question 5 of 8 CRANE COMPANY Income Statement Year Ended May 31, 2021 Revenues $395.900 Expenses Salaries expense $128.200 Maintenance expense 88,700 Other expenses 67.600 Interest expense 22.700 Advertising expense 3,950 Insurance expense 2.620 Total expenses 313.770 Profit $82,130 CRANE COMPANY Statement of Owner's Equity Year Ended May 31, 2021 1. Temelkova, Capital, June 1, 2020 Add: Investments $7,010 Profit 82.130 $300,170 89.140 389.310 35,500 $353,810 Less: Drawings 1. Temelkova, Capital, May 31, 2021
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