Question: WOULD ANYONE BE ABLE TO GET THIS RIGHT? Brief Exercise 4-02 Your answer is partially correct. Try again. The ledger of Crane Company includes the

WOULD ANYONE BE ABLE TO GET THIS RIGHT?

WOULD ANYONE BE ABLE TO GET THIS RIGHT? Brief Exercise 4-02 Your

Brief Exercise 4-02 Your answer is partially correct. Try again. The ledger of Crane Company includes the following unadjusted balances: Prepaid Insurance $4,400, Service Revenue $57,500, and Salaries and Wages Expense $23,700. Adjusting entries are required for (a) expired insurance $1,900, (b) services performed $1,700 are billed and not yet collected, and (c) accrued salaries payable $900 Enter the unadjusted balances and adjustments into a worksheet and complete the worksheet for all accounts. LENTZ COMPANY Worksheet Trial Balance Adjustments Adjusted Trial Balance Income Statement Balance Sheet Account Titles Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. Dr. Cr. V Prepaid Insurance x V X 4400 440 4400 4400 4400 X X Service Revenue X x 57500 57500 57500 57500 57500 Salaries and Wages Expense X x Accounts Receivable X x Salaries and Wages Payable X X Insurance Expense X X

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