This is the trial balance of Crane Company on September 30 CRANE COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 23,860 Accounts Receivable 7,260 Supplies 5,040 Equipment 10,940 Accounts Payable $ 9,460 Unearned Service Revenue 4,040 Common Stock 19,660 Retained Earnings 13,940 $47,100 $47,100 The October transactions were as follows Oct 5 Received $1,370 in cash from customers for accounts receivable due 10 Billed customers for services performed $5,850 15 Paid employee salaries $1,260 17 Performed $580 of services in exchange for cash 20 Paid $1,830 to creditors for accounts payable due 29 Paid a $340 cash dividend 31 Paid utilities $470 Prepare a general ledger using T accounts Enter the opening balances in the ledger accounts as of October 1 Journalize the transactions Post to the ledger accounts Prepare a trial balance on October 31, 2017

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Posted on Sep 17, 2024

This is the trial balance of Crane Company on September 30. CRANE COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 23,860 Accounts Receivable

This is the trial balance of Crane Company on September 30.

CRANE COMPANY Trial Balance September 30, 2017
	Debit	Credit
Cash	$ 23,860
Accounts Receivable	7,260
Supplies	5,040
Equipment	10,940
Accounts Payable		$ 9,460
Unearned Service Revenue		4,040
Common Stock		19,660
Retained Earnings		13,940
	$47,100	$47,100

The October transactions were as follows.

Oct. 5		Received $1,370 in cash from customers for accounts receivable due.
10		Billed customers for services performed $5,850.
15		Paid employee salaries $1,260.
17		Performed $580 of services in exchange for cash.
20		Paid $1,830 to creditors for accounts payable due.
29		Paid a $340 cash dividend.
31		Paid utilities $470.

Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Journalize the transactions. Post to the ledger accounts. Prepare a trial balance on October 31, 2017.