PRINTERIOR BACK NMENT RESOURCES 106 Lab 4 Summer westion estion 2 Question 4 Crane Company has the following balances in selected accounts on December 31, 2017. Crane has a calendar year and Accounts Receivable $ 0 Accumulated Depreciation Equipment Equipment 7,700 Interest Payable 0 Notes Payable 12,300 Prepaid Insurance 2,340 Salaries Payable 0 Supplies 2,260 Uneamed Revenue 32,200 wce 4 All the accounts have normal balances. The information below has been gathered at December 31, 2017 1. Crane Company borrowed $12,300 by signing a 4%, one-year note on September 1, 2017 2. A count of supplies on December 31, 2017 indicates that supplies of $870 are on hand. 3. Depreciation on the equipment for 2017 is $750. Crane Company paid $2,340 for 12 months of insurance coverage on June 1, 2017 5. On December 1, 2017, Crane collected $32,200 for consulting services to be performed evenly from December 1, 2017, through March 31, 2018 6 Crane performed consulting services for a client in December 2017. The dient will be billed $3.400. Payment from the customer is expected on January 15, 2018 7 Crane Company Days its employees total salaries of $9.000 every Wednesday for the preceding five-day week (Monday through Friday). On Wednesday, January 3, 2018, employees were paid for the last five weekdays of 2017 ENG 14PM US 2020-06-21 FULL SCREEN PRINTER CES 1. Dec. 31 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31 7. Dec. 31 tres are automatically indented when the amount is entered. Do not indent manually. If no entryb or the account titles and enter o for the amounts.) No. Date Account Titles and Explanation 1. Aug. 31 Debit Credit 6. 7. SHOW LIST OF ACCOUNTS FULL SCREEN PRINTER VE Prepare adjusting entries for the seven items described above. (Credit account titles are automatically indented when the amount is entered. Do not no entry is required, select "No Entry" for the account titles and enter for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 3. Dec. 31 4. Dec. 31 5. Dec. 31 6. Dec. 31