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These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies expense 16,800 Equipment 15,300 Accounts payable 4,000 Service revenue 67,500 Rent revenue 9,700 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 37,000 Accounts receivable 11,000 Accumulated depreciation-equipment 7,700 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,100 Prepare a classified balance sheet at July 31. (List Current Assets in order of liquidity.) CRANE COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity
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