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Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) These financial statement items are for Crane Company at year-end,
Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.)
These financial statement items are for Crane Company at year-end, July 31, 2020. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue $2,400 52,000 22,300 30,900 4,600 63,400 8,400 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Owner's drawings Depreciation expense Owner's Capital (beginning of the year) $1,900 15,100 10,200 6,400 3,000 4,100 50,500 Assets Current Assets Cash $ $ 15100 Accounts Receivable 10200 Total Current Assets $ $ $ Liabilities and Owner's Equity $
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