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Question 7 of 7 - / 10 Current Attempt in Progress Selected financial information for Crane as at December 31, 2021, follows: Accounts payable $208,000
Question 7 of 7 - / 10 Current Attempt in Progress Selected financial information for Crane as at December 31, 2021, follows: Accounts payable $208,000 Land $103,000 Accounts receivable 200,000 Licences 57,000 Accumulated depreciation-building 80,000 Long-term equity investments 44,000 Building 253,000 Mortgage payable 226,000 Cash 16,500 Notes payable 56,000 Goodwill 35,000 Prepaid expenses 6,700 Interest payable 17,000 Salaries payable 29,500 J. Chrowder, capital 83,200 Supplies 11,000 Unearned revenue 26,500 Question 7 of 7 - / 10 !!! Additional information: 1. All accounts have normal balances. 2. $17,000 of the mortgage payable will be paid before December 31, 2022. 3. The notes payable are payable on May 17, 2022. (a) Prepare a classified balance sheet. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Land, Building and Equipment.) CRANE Balance Sheet Question 7 of 7 - / 10 CRANE Balance Sheet Assets $ tA LA $ Liabilities and Owner's Equity $
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