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This is the trial balance of Crane Company on September 30. Credit 7.140 CRANE COMPANY Trial Balance September 30, 2017 Debit Cash $ 23,740 Accounts
This is the trial balance of Crane Company on September 30. Credit 7.140 CRANE COMPANY Trial Balance September 30, 2017 Debit Cash $ 23,740 Accounts Receivable Supplies 4,120 Equipment 10.020 Accounts Payable Unearned Service Revenue Common Stock Retained Earnings $45,020 $ 9,340 3,120 19.540 13,020 $45,020 The October transactions were as follows, A Oct. 5 10 15 17 Received $1,320 in cash from customers for accounts receivable due. Billed customers for services performed $5,880. Paid employee salaries $1,200. Performed $590 of services in exchange for cash Paid $1,810 to creditors for accounts payable due. Paid a $270 cash dividend. Paid utilities $440. 20 29 31 Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts Receivable Supplies Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings e Texthank and Media Journalize the transactions. (if no entry is required, select "No Entry" for the account titles and enter Ofor the amounts 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 Debit Credit Oct.5 v Oct. 10 D Oct. 10 Post to the ledger accounts. (Post entries in the order of Information presented in the question.) Cash 10/1 Bal. 23,740 10/15 1,200 10/5 1,320 10/20 1,810 10/17 > 590 10/29 v 270 10/31 v 440 10/31 v 21.930 Accounts Receivable 10/1 Bal. 7,140 10/5 1,320 10/10 5,880 10/31 11,700 13.020 13,020 Supplies 10/1 Bal, 4.120 Supplies 10/1 Bal. 4,120 Equipment 10/1 Bal. 10,020 Accounts Payable 10/1 Bal 9,340 Uneared Service Revenue 10/1 Bal. 3,120 Common Stock 10/1 Bal 19.540 Common Stock 10/1 Bal. 19,540 Retained Earnings 10/1 13,020 Dividends 10/29 v 270 10/31 270 Service Revenue 10/10 5,880 10/31 v 6470 10/12 590 6,470 Salaries and Wages Expense Salaries and Wages Expense 10/15 1,200 10/31 1,200 1,200 1,200 Utilities Expense 10/31 440 10/31 7 440 -71 Prepare a trial balance on October 31, 2017. CRANE COMPANY Trial Balance Debit Credit Cash 21.930 $ Accounts Receivable 11,700 Supplies 4,120 Equipment 10,020 Accounts Payable 7,530 Unearned Service Revenue 3,120 Common Stock 19.540 Retained Earnings 13.020 Service Revenue 6620 Common Stock 19,540 Retained Earnings 13,020 Service Revenue 6,470 Salaries and Wages Expense 1.200 Dividends 270 Utilities Expense 440 49.680 $ 49.680
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