Question 20 of 20 - / 40 On December 1, 2022, Crane Distributing Company had the following account balances Debit Credit Cash $2.530 $7.100 4,600 Accounts Receivable 4.500 Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Owner's Capital Inventory 12.500 1,000 Supplies 1.300 42.770 Equipment 25,300 $50.800 $50,800 During December, the company completed the following summary transactions Dec 6 8 10 Paid $1.900 for salaries and wapes due employees, of which $900 is for December and $1.000 is for November salaries and wages payable. Received $1,800 cash from customers in payment of account (no discount allowed). Sold merchandise for cash $6,500. The cost of the merchandise sold was $3,800, Purchased merchandise on account from Boehm Co $9.000, terms 2/10, 1/30 Purchased supplies for cash 51,700 Sold merchandise on account 12.900, terme 3/10,1/30. The cost of the merchandise sold was $8,300 Pada WR2.000 13 15 18 20 Question 20 of 20 - 40 E Prepare a classified balance sheet at December 31st Current Assets in order of liquidity CRANE DISTRIBUTING COMPANY Balance Sheet + Assets Question 20 of 20 -740 Liabilities and Owner's Equity e Testbook and Medu List of Accounts Samteter Linsured thouts are Attempts of used Satur