These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and wages...

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These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense $3.680 58.900 17,000 20,100 4,100 67,500 9,900 3,800 16,000 30,400 11,780 7,500 4,000 5,500 Prepare an income statement for the year. Crane Corporation did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues Service Revenue Rent Revenue Total Revenues Expenses Salaries and Wages Expense Supplies Expense Depreciation Expense CRANE CORPORATION Income Statement For the Year Ended July 31, 2022 LA M. M SA Prepare a retained earnings statement for the year. Crane Corporation did not issue any new stock during the year Retained Earnings, August 1, 2021 Less Net Income/(Loss) Dividends Retained Earnings, July 31, 2022 eTextbook and Media CRANE CORPORATION Retained Earnings Statement For the Year Ended July 31, 2022 $ MI S Assistance Us Question 5 of 5 < > Liabilities and Stockholders' Equity 20.67/31 E 1 CRANE CORPORATION Balance Sheet Assets $ $ $ h Question 5 of 5 eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 4 20.67/31 LA Attempts: 0 of 5 used Submit Answer These financial statement items are for Crane Corporation at year-end, July 31, 2022. Salaries and wages payable Salaries and wages expense Supplies expense Equipment Accounts payable Service revenue Rent revenue Notes payable (due in 2025) Common stock Cash Accounts receivable Accumulated depreciation-equipment Dividends Depreciation expense $3.680 58.900 17,000 20,100 4,100 67,500 9,900 3,800 16,000 30,400 11,780 7,500 4,000 5,500 Prepare an income statement for the year. Crane Corporation did not issue any new stock during the year. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Revenues Service Revenue Rent Revenue Total Revenues Expenses Salaries and Wages Expense Supplies Expense Depreciation Expense CRANE CORPORATION Income Statement For the Year Ended July 31, 2022 LA M. M SA Prepare a retained earnings statement for the year. Crane Corporation did not issue any new stock during the year Retained Earnings, August 1, 2021 Less Net Income/(Loss) Dividends Retained Earnings, July 31, 2022 eTextbook and Media CRANE CORPORATION Retained Earnings Statement For the Year Ended July 31, 2022 $ MI S Assistance Us Question 5 of 5 < > Liabilities and Stockholders' Equity 20.67/31 E 1 CRANE CORPORATION Balance Sheet Assets $ $ $ h Question 5 of 5 eTextbook and Media Save for Later Using multiple attempts will impact your score. 10% score reduction after attempt 4 20.67/31 LA Attempts: 0 of 5 used Submit Answer

Answer rating: 100% (QA)

Crane Corporation Workings Income Statement Particulars Amount Amount Service r... View the full answer