CALCULATOR FULL SCREEN PRINTER VERSION BACK NET Exercise 3-02 The following trial balance of Crane Company does not balance. Your review of the ledger reveals the following. (a) Each account had a normal balance. (b) The debit footings in Prepaid Insurance, Accounts Payable, and Property Tax Expense were each understated $99. (c) A transposition error was made in Accounts Receivable and Service Revenue; the correct balances for Accounts Receivable and Service Revenue are $2,760 and $6,680, respectively. (d) A debit posting to Advertising Expense of $318 was omitted. (e) A $1,370 cash drawing by the owner was debited to Owner's Capital and credited to Cash Credit $8.470 Crane Company Trial Balance April 30, 2020 Debit Cash $4,672 Accounts Receivable 2,670 Prepaid Insurance 652 Assignment technical frame Accounts Payable Property Tax Payable Owner's Capital Service Revenue 6,860 Salaries and Wages Expense 3,823 Advertising Expense 1,081 Property Tax Expense $20,301 4,360 543 11,302 812 $24,944 Prepare a correct trial balance CRANE COMPANY Trial Balance April 30, 2020 CRANE COMPANY Trial Balance April 30, 2020 Debit Credit Cash $ 4,672 $ $ Accounts Receivable 2,670 Prepaid Insurance 652 Equipment 8,470 Salaries and Wages Ex 3,823 4,360 Advertising Expense 1,081 Property Tax Expense Owner's Drawings Accounts Payable Property Tax Payable 543 812 Owner's Capital Owner's Capital Service Revenue Totals