Question: Current Attempt in Progress Crane Ltd. has the following selected transactions: 1. 2 3. 4. 5. 6. 7. 8. Issued common shares to shareholders in

Crane Ltd. has the following selected transactions: 1. Issued common shares to shareholders in exchange for $9,900. 2. Paid rent in advance for two months, $4,100. 3. Paid administrative assistant $1,000 salary. 4. Billed clients $2,400 for services provided. 5. Received $1,800 in partial payment from clients for services provided in item 4 above. 6. Purchased $1,000 of supplies on account. 7. Paid supplier amount owing on account, $1,000. 8. Borrowed $2,000 cash from the bank to purchase equipment. Journalize the transactions for Crane Ltd. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. 6 7. 8
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