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The adjustments columns of the worksheet for Crane Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 1,450 Prepaid Insurance 480 Accumulated Depreciation-Equipment
The adjustments columns of the worksheet for Crane Company are shown below. Adjustments Account Titles Debit Credit Accounts Receivable 1,450 Prepaid Insurance 480 Accumulated Depreciation-Equipment 800 Salaries and Wages Payable 490 Service Revenue 1,450 Salaries and Wages Expense 490 Insurance Expense 480 Depreciation Expense 800 3.220 3,220Prepare the adjusting entries. (Credit account titles are automatically indented when amount is enterai. Do not indent manually. if no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit (To record service revenue on account) (To record expired insurance) (To record depreciation) (To record accrued salaries)
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