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These are selected transactions of Crane Company for 2 0 2 7 . Crane prepares financial statements quarterly. table [ [ Jan . ,
These are selected transactions of Crane Company for Crane prepares financial statements quarterly.
tableJantablePurchased merchandise on account from Nunez Company, $ terms Craneuses the perpetual inventory system.FebIssued a month, $ note to Nunez in payment of account.MarAccrued interest for months on Nunez note.AprPaid face value and interest on Nunez note.JulyPurchased equipment from Marson Equipment paying $ in cash and signing a month, $ note.SeptAccrued interest for months on Marson note.OctPaid face value and interest on Marson note.DecBorrowed $ from the Paola Bank by issuing a month, note with a face value of $DecRecognized interest expense for month on Paola Bank note.
a
Prepare journal entries for the listed transactions and events. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.
Date
Account Titles and Explanation
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