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The adjusted trial balance for Crane Fishing Centre is as follows: CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2021 Debit Credit Cash $8,000 Interest

The adjusted trial balance for Crane Fishing Centre is as follows:

CRANE FISHING CENTRE Adjusted Trial Balance March 31, 2021

Debit

Credit

Cash $8,000
Interest receivable 750
Supplies 1,450
Long-term investments 29,000
Land 47,000
Building 185,000
Accumulated depreciationbuilding $31,000
Equipment 37,000
Accumulated depreciationequipment 17,500
Accounts payable 6,500
Interest payable 940
Unearned revenue 2,120
Notes payable ($6,000 must be paid in February, 2022) 66,200
R. Falkner, capital 164,140
R. Falkner, drawings 46,000
Service revenue 125,600
Interest revenue 1,400
Depreciation expense 9,950
Interest expense 3,850
Insurance expense 4,700
Salaries expense 31,500
Supplies expense 5,800
Utilities expense 5,400
$415,400 $415,400

Prepare a statement of owner's equity. The owner, Rachael Falkner, invested $2,100 cash in the business during the year. (Note: The investment has been recorded and it is included in the capital account.) (List items that increase owner's equity first.)

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