These financial statement items are for Crane Company at year end, July 31, 2021. Salaries payable...
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These financial statement items are for Crane Company at year end, July 31, 2021. Salaries payable $1,960 Notes payable (long-term) Salaries expense Cash Utilities expense Equipment Accounts payable Service revenue Rent revenue 49,300 21,900 Accounts receivable 34,350 4,070 D. Crane, drawings 62,600 Depreciation expense 7,900 D. Crane, capital (beginning of the year) Accumulated depreciation-equipment $1,760 13,600 9,650 5,960 3,000 4,090 51,640 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) These financial statement items are for Crane Company at year end, July 31, 2021. Salaries payable $1,960 Notes payable (long-term) Salaries expense Cash Utilities expense Equipment Accounts payable Service revenue Rent revenue 49,300 21,900 Accounts receivable 34,350 4,070 D. Crane, drawings 62,600 Depreciation expense 7,900 D. Crane, capital (beginning of the year) Accumulated depreciation-equipment $1,760 13,600 9,650 5,960 3,000 4,090 51,640 Prepare an income statement for the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
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Income Statement of Crane Company For the Year Ended July 31 2021 Revenue Servic... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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