Question: Current Attempt in Progress An analysis of the transactions made by Crane & Co., a certified public accounting firm, for the month of August

Current Attempt in Progress An analysis of the transactions made by Crane

Current Attempt in Progress An analysis of the transactions made by Crane & Co., a certified public accounting firm, for the month of August is shown below. The expenses were $650 for rent, $4,200 for salaries and wages, and $500 for utilities. Accounts Accounts Owner's Owner's Cash + Receivable + Supplies + Equipment 1. $15,400 Payable + Capital - Drawings + $15,400 Revenues 2. -2,400 $5,000 $2,600 3. -650 $650 4. 4,600 $4,600 $9,200 5. -1,200 6. -1,200 -1,200 -$1,200 7. -650 8. 500 -500 9. -4,200 10. 500

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