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The adjusted trisl balance columns of the worksheet of crane company, owned by C. Crane, are as follows. Worksheet For the Year Ended December 31,
The adjusted trisl balance columns of the worksheet of crane company, owned by C. Crane, are as follows.
Worksheet For the Year Ended December 31, 2020 Adjusted Trial Balance Account No. Account Titles Dr. Cr. 101 112 126 130 5,200 10,800 1,800 2,000 27,100 157 158 200 201 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Salaries and Wages Payable Interest Payable Owner's Capital Owner's Drawings Service Revenue Advertising Expense Supplies Expense Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals 5,800 13,800 6,300 2,700 500 12,900 6,700 212 230 301 306 400 610 631 711 722 726 905 62,300 8,600 4,200 5,800 3,200 28,400 500 104,300 104,300 Income Statement Balance Sheet Adjusted Trial Balance Dr. Cr. Account No. Account Titles Dr. Cr. Dr. Cr. 101 Cash 5,200 112 Accounts Receivable 10,800 126 1,800 130 2,000 157 27,100 158 5,800 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Accounts Payable Sataries and Wages Payable Interest Payable 200 13,800 201 6,300 212 2,700 230 500 301 Owner's Capital 12,900 CALCULATOR FUL 301 Owner's Capital 12,900 306 Owner's Drawings 6,700 400 Service Revenue 62,300 610 Advertising Expense 8,600 631 Supplies Expense 4,200 711 5,800 722 3,200 726 Depreciation Expense Insurance Expense Salaries and Wages Expense Interest Expense Totals 28,400 905 500 104,300 104,300 Net Income Totals CRANE COMPANY Income Statement $ V Prepare an owner's equity statement. C. Crane did not make any additional Investments in the business during 2021. (List CRANE COMPANY Owner's Equity Statement I. SHOW LIST OF ACCOUNTS SHOW SOLUTION Prepare a classified balance sheet. $3,450 of the notes payable become due in 2021. (List Current Assets in order of CRANE COMPANY Balance Sheet Assets Prepare a classified balance sheet. $3,450 of the notes payable become due in 2021. (List Current Ass CRANE COMPANY Balance Sheet Assets Llabilities and Owner's Equity IUNI > Step by Step Solution
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