Exercise 1-13

I almost completed it, but I do not understand why I did compute wrong. I need your help to explain to me how to calculate, and thank you.

Exercise 1-13 Your answer is partially correct. Try again. Karen White is the bookkeeper for Crane Company. Karen has been trying to determine the correct balance sheet for Crane Company. Crane's balance sheet is shown below. Assets Cash Supplies Equipment Owner's drawings Total assets CRANE COMPANY Balance Sheet December 31, 2020 Liabilities $18,796 Accounts payable 10,025 Accounts receivable 57,643 Owner's capital 16,290 Total liabilities and owner's equity $102,754 $26,315 (8,145) 84,584 $102,754 Prepare a correct balance sheet. (List Assets in order of liquidity.) CRANE COMPANY Balance Sheet December 31, 2020 Assets Cash 18,796 Accounts Receivable 8,145 Supplies 10,025 Equipment 57,643 Equipment 57,643 T Total Assets 94,609 Liabilities and Owner's Equity T Liabilities | Accounts Payable 26,315 TOwner's Equity Owner's Capital T Total Liabilities and Owner's Equity 205,508 Click if you would like to Show Work for this question: Open Show Work