These financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses...
These financial statement items are for Crane Corporation at
year end, July 31, 2018:
| Operating expenses | $32,500 | Interest payable | $ 2,000 | |||
| Salaries expense | 46,200 | Supplies expense | 1,700 | |||
| Unearned revenue | 12,000 | Dividends declared | 12,500 | |||
| Utilities expense | 2,400 | Depreciation expense | 2,800 | |||
| Equipment | 61,700 | Retained earnings, Aug. 1, 2017 | 20,440 | |||
| Accounts payable | 4,720 | Rent expense | 11,000 | |||
| Service revenue | 115,100 | Income tax expense | 5,800 | |||
| Rent revenue | 19,500 | Supplies | 1,600 | |||
| Common shares | 24,500 | Held for trading investments | 22,500 | |||
| Cash | 5,560 | Bank loan payable (due Dec. 31, 2018) | 22,800 | |||
| Accounts receivable | 18,100 | Interest expense | 2,400 | |||
| Accumulated depreciation—equipment | 5,700 |
Prepare a statement of financial position for the year.
(List Current Assets in order of
liquidity.)
| CRANE
CORPORATION Statement of Financial Position |
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| Liabilities and Shareholders' Equity | ||||
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Homework Answers
Add Answer to:
These financial statement items are for Crane Corporation at
year end, July 31, 2018:
Operating expenses...
hese financial statement items are for Crane Corporation at year end, July 31, 2018: Operating expenses...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
Question 6 These financial statement items are for Sandhill Corporation at year end, July 31, 2018:...
Question 6
These financial statement items are for Sandhill Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 700
Salaries expense
44,700
Supplies expense
1,300
Unearned revenue
12,000
Dividends declared
14,000
Utilities expense
2,800
Depreciation expense
3,900
Equipment
57,100
Retained earnings, Aug. 1, 2017
21,440
Accounts payable
4,920
Rent expense
11,000
Service revenue
113,100
Income tax expense
5,700
Rent revenue
19,500
Supplies
1,600
Common shares
27,000
Held for trading investments
24,500
Cash
5,560
Bank loan payable...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies expense 16,800 Equipment 15,300 Accounts payable 4,000 Service revenue 67,500 Rent revenue 9,700 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 37,000 Accounts receivable 11,000 Accumulated depreciation-equipment 7,700 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,100 Prepare a classified balance sheet at July 31. (List Current Assets in order...
Question 9 These financial statement items are for Bramble Corporation for the year-end, July 31, 2018....
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These items are taken from the financial statements of Carla Vista Ltd. at December 31, 2018:...
These items are taken from the financial statements of Carla
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expense $5,300 Accounts receivable 18,780 Interest payable 3,800
Accumulated depreciation—buildings 53,600 Land 185,970 Accumulated
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revenue 187,040 Mortgage payable 102,000 Buildings 137,800
Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400
Common shares 138,000 Retained earnings, January 1 118,520
Equipment 70,100 Supplies 1,840 Income tax expense 5,600
at $32,500 of the mortgage payable will be paid...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages...
These financial statement items are for Novak Company at year-end, July 31, 2019. Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue Rent revenue Common Stock $ 1.800 51,000 22,900 31,000 4,700 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation equipment Dividends Depreciation expense Retained Earnings (beginning of the year) $ 1,800 15,400 9.000 6.200 3,900 3.700 21.500 63,500 8.700 28,700 Prepare an income statement for the year. (Enter negative amounts using either a...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
These financial statement items are for Cullumber Company 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 Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Cullumber Company at year-end, July 31, 2022. Salaries and wages...
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Crane Creek Golf Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. The...
Crane Creek Golf Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown as follows CRANE CREEK GOLF INC. Trial Balance September 30, 2022 Unadiusted Adiusted Dr. Cr. Dr. Cash $ 6,450 $ 6,450 ccounts Receivable 590 1,260 Supplies 1,200 Prepaid Rent 1,780 990 Equipment 15,500 15,500 Accumulated Depreciation-Equipment $310 Yates Payable $ 5,500 5,500 Accounts Payable 1,300 1.300 Salaries and Wages Payable Interest Payable Jneamed...
hese financial statement items are for Crane Corporation at year
end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 2,000
Salaries expense
46,200
Supplies expense
1,700
Unearned revenue
12,000
Dividends declared
12,500
Utilities expense
2,400
Depreciation expense
2,800
Equipment
61,700
Retained earnings, Aug. 1, 2017
20,440
Accounts payable
4,720
Rent expense
11,000
Service revenue
115,100
Income tax expense
5,800
Rent revenue
19,500
Supplies
1,600
Common shares
24,500
Held for trading investments
22,500
Cash
5,560
Bank loan payable (due Dec....
Question 6
These financial statement items are for Sandhill Corporation at
year end, July 31, 2018:
Operating expenses
$32,500
Interest payable
$ 700
Salaries expense
44,700
Supplies expense
1,300
Unearned revenue
12,000
Dividends declared
14,000
Utilities expense
2,800
Depreciation expense
3,900
Equipment
57,100
Retained earnings, Aug. 1, 2017
21,440
Accounts payable
4,920
Rent expense
11,000
Service revenue
113,100
Income tax expense
5,700
Rent revenue
19,500
Supplies
1,600
Common shares
27,000
Held for trading investments
24,500
Cash
5,560
Bank loan payable...
These financial statement items are for Crane Company at year-end, July 31, 2022. Salaries and wages payable $ 4,000 Salaries and wages expense 58,900 Supplies expense 16,800 Equipment 15,300 Accounts payable 4,000 Service revenue 67,500 Rent revenue 9,700 Notes payable (due in 2025) 3,000 Common stock 16,000 Cash 37,000 Accounts receivable 11,000 Accumulated depreciation-equipment 7,700 Dividends 4,000 Depreciation expense 4,000 Retained earnings (beginning of the year) 35,100 Prepare a classified balance sheet at July 31. (List Current Assets in order...
E4-17 These financial statement items are for Van Dijk Company NV at year-end, July 31, 2017. statements. $ 1,800 14,200 9,240 6,000 3,000 2,400 Notes payable (long-term) Cash Accounts receivable Accumulated depreciation-equip. Dividends Depreciation expense Retained earnings (beginning of the year) $ 2,040 50,700 22,600 30,000 4,100 62,000 Salaries and wages payable Salaries and wages expense Utilities expense Equipment Accounts payable Service revenue 8,500 25,000 Rent revenue 22,700 Share capital-ordinary Instructions (a) Prepare an income statement and a retained earnings...
These items are taken from the financial statements of Carla
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expense $5,300 Accounts receivable 18,780 Interest payable 3,800
Accumulated depreciation—buildings 53,600 Land 185,970 Accumulated
depreciation—equipment 20,470 Long-term investments 30,970 Service
revenue 187,040 Mortgage payable 102,000 Buildings 137,800
Operating expenses 159,680 Cash 28,040 Prepaid insurance 1,400
Common shares 138,000 Retained earnings, January 1 118,520
Equipment 70,100 Supplies 1,840 Income tax expense 5,600
at $32,500 of the mortgage payable will be paid...
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These financial statement items are for Cullumber Company 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 Retained earnings (beginning of the year) $3,600 59,100 17,100 16,360 4,600 67,700 10,000 3,300 16,000 35,440 11,300 7,100 4,000 4,000 35,000 Prepare an income statement for the year. Cullumber Company did not issue any new...
These financial statement items are for Cullumber Company 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 Retained earnings (beginning of the year) $ 3,500 59,100 17,500 16,120 4,400 67,700 10,400 3,700 16,000 37,280 11,700 8,000 4,000 4,000 36,000 Prepare an income statement for the year. Cullumber Company did not issue any...
Crane Creek Golf Inc. was organized on July 1, 2022. Quarterly financial statements are prepared. The trial balance and adjusted trial balance on September 30 are shown as follows CRANE CREEK GOLF INC. Trial Balance September 30, 2022 Unadiusted Adiusted Dr. Cr. Dr. Cash $ 6,450 $ 6,450 ccounts Receivable 590 1,260 Supplies 1,200 Prepaid Rent 1,780 990 Equipment 15,500 15,500 Accumulated Depreciation-Equipment $310 Yates Payable $ 5,500 5,500 Accounts Payable 1,300 1.300 Salaries and Wages Payable Interest Payable Jneamed...
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