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The adjusted trial balance columns of the worksheet for Crane Company are as follows. CRANE COMPANY Worksheet (partial) For the Month Ended April 30,
The adjusted trial balance columns of the worksheet for Crane Company are as follows. CRANE COMPANY Worksheet (partial) For the Month Ended April 30, 2022 Your Answer Correct Answer Your answer is correct. Journalize the closing entries at April 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Post the closing entries. (Post entries in the order of journal entries posted in the previous part of the que Adjusted Trial Balance Account Titles Dr. Cr. No. Date Account Titles and Explanation Cash Accounts Receivable 11,700 1. Apr. 30 Service Revenue 8,100 Income Summary Prepaid Rent 2,400 (To close revenue account) Equipment Accumulated Depreciation-Equip. 23,300 Apr. 2. Income Summary 30 4,500 Salaries and Wages Expense Notes Payable 5,500 Accounts Payable 4,700 Rent Expense Owner's Capital 31,450 Depreciation Expense Owner's Drawings 3,800 Interest Expense Service Revenue 15,400 (To close expense accounts) Salaries and Wages Expense 10,800 Apr. 3 Income Summary 30 Rent Expense 800 Owner's Capital Depreciation Expense 650 (To close net Income /(loss)) Interest Expense 50 Interest Payable 50 Apr. 4. Owner's Capital 50 30 Totals 61,600 61,600 Owner's Drawings Debit 15400 12300 3100 3800 Credit 15400 10800 800 650 50 3100 3800 Income Summary Owner's Capital
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