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The bookkeeper for Crane Company asks you to prepare the following accrual adjusting entries at December 31. 1. 2. Interest on notes payable of $410
The bookkeeper for Crane Company asks you to prepare the following accrual adjusting entries at December 31. 1. 2. Interest on notes payable of $410 should be accrued. Services performed but unbilled totals $1.820. Salaries of $600 earned by employees have not been recorded or paid. 3. Use these account titles: Service Revenue, Accounts Receivable, Interest Expense, Interest Payable, Salaries and Wages Expense, and Salaries and Wages Payable. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit No. Date Account Titles and Explanation 1. Dec. 31 2. Dec. 31 3. Dec. 31 The adjusted trial balance of Sheridan Company at December 31, 2022, includes the following accounts: Owner's Capitals 17.000, Owner's Drawings $7,000, Service Revenue $ 36,500, Salaries and Wages Expense $ 16,400, Insurance Expense $ 1,600, Rent Expense $ 4,200, Supplies Expense $ 1,900, and Depreciation Expense $ 1,800. Prepare an income statement for the year. SHERIDAN COMPANY Income Statement The adjusted trial balance of Blossom Company at December 31, 2022. includes the following accounts: Owner's Capital $16,500, Owner's Drawings $7.200, Service Revenue $36,800, Salaries and Wages Expense $15,300, Insurance Expense $2,200, Rent Expense $4,400, Supplies Expense $1.500, and Depreciation Expense $1,500. The balance in Owner's Capital is the balance as of January 1. Prepare an owner's equity statement for the year assuming net income is $11.900 for the year. (List items that increase owner's equity first.) BLOSSOM COMPANY Owner's Equity Statement
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