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Prepare a statement of owner's equity Not balance sheet rrentAttehfpt in Progress An alphabetical list ofi Crane Company ad)ysted accounts at itsfiscal year endt Augustll
Prepare a statement of owner's equity Not balance sheet
rrentAttehfpt in Progress An alphabetical list ofi Crane Company ad)ysted accounts at itsfiscal year endt Augustll 2024 follows. All accounts have normal balances. Accounts payable Accumulated depreciationequipment Accumulated depreciationfornitlire Cash Cost of goods sold Depreciation expense Equipment Furniture I nsurance expense I nterest expense I nterest payable Merchandise inventory Additional information: $15,560 14,000 17,500 32,540 264,480 7,050 35,000 42,000 3,575 2,130 615 71,250 Notes payable Prepaid insurance R, White, capital R. Whitey drawings Rent expense Salaries expense Salaries payable Sales Sales returns and allowances Supplies Supplies expense Unearned revenue $42,000 575 65,750 76,000 24,200 50200 2.250 474000 18,000 950 6,325 2,600 1. Of the notes payable, $6,500 becomes due on February 17*2025. Thebalance is due in 2026. 2. On July 189 2024, Rs White invested $3,900 cash in the business. p Type here to search
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