Crane Company Income Statement
The adjusted trial balance for Crane Company is shown below.
CRANE COMPANY | ||||||||
|---|---|---|---|---|---|---|---|---|
Before | After | |||||||
Dr. | Cr. | Dr. | Cr. | |||||
Cash | $10,400 | $10,400 | ||||||
Accounts Receivable | 8,800 | 9,600 | ||||||
Supplies | 2,300 | 700 | ||||||
Prepaid Insurance | 3,900 | 2,600 | ||||||
Equipment | 12,300 | 12,300 | ||||||
Accumulated Depreciation-Equipment | $ 3,500 | $ 4,300 | ||||||
Accounts Payable | 5,800 | 5,800 | ||||||
Salaries and Wages Payable | 0 | 1,200 | ||||||
Unearned Rent Revenue | 1,400 | 800 | ||||||
Owner’s Capital | 14,300 | 14,300 | ||||||
Service Revenue | 34,200 | 35,000 | ||||||
Rent Revenue | 10,800 | 11,400 | ||||||
Salaries and Wages Expense | 17,100 | 18,300 | ||||||
Supplies Expense | 0 | 1,600 | ||||||
Rent Expense | 15,200 | 15,200 | ||||||
Insurance Expense | 0 | 1,300 | ||||||
Depreciation Expense | 0 | 800 | ||||||
| $70,000 | $70,000 | $72,800 | $72,800 | |||||
Prepare the income statement for the year.(a)
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Instructions: Prepare the closing entries for
the temporary accounts at August 31.
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The trial balances before and after adjustment for Crane Company at the end of its fiscal...
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prepare the adjusting entries that were made
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prepare income statement
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Instructions: Prepare the closing entries for
the temporary accounts at August 31.
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Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment Cr. After Adjustment Dr. Cr. Dr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense Depreciation Expense $...
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CES Exercise 3-18 a-c (Part Level Submission) The adjusted trial balance for Pharoah Company is given below. Pharoah Company Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. $10,200 8,900 2,300 3,800 13,500 $10,200 9,900 600 2,700 13,500 2 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue Salaries and Wages Expense Supplies Expense Rent Expense Insurance Expense...
prepare the adjusting entries that were made
CRANE COMPANY Trial Balance August 31, 2020 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $10,300 $10,300 Accounts Receivable 9.000 9.500 Supplies 700 Prepaid Insurance 2,400 3.800 13.300 2.600 Equipment 13,300 Accumulated Depreciation-Equipment $3,600 $4,400 Accounts Payable 5.900 5.900 Salaries and Wages Payable 1.400 Unearned Rent Revenue 1400 800 Owner's Capital 14.900 14.900 Service Revenue 34 500 Rent Revenue 10.900 11500 Salanes and Wages Expense 17.000 18.400 Supplies Expense 1.700 Rent Expense...
prepare income statement
Collaborations The adjusted trial balance for Sandhill Company is shown below. WileyPLUS Support SANDHILL COMPANY Trial Balance August 31, 2020 Before After Adjustment Adjustment Dr. Cr. Dr. Cr. Cash $10.500 $10.500 Accounts Receivable 8,700 9,500 Supplies 2.300 500 Prepaid Insurance 4,000 2700 Equipment 12.400 12.400 Accumulated Depreciation-Equipment $3,600 54.300 Accounts Payable 5,900 5.900 Salaries and Wages Payable 1.300 Uneamed Rent Revenue 1600 600 Owner's Capital 13,900 13.900 Service Revenue 34,200 35.000 Rent Revenue 10.900 11,900 Salarles and...
The trial balances before and after adjustment for Marigold Corp. at the end of its fiscal year are presented below. Marigold Corp. Trial Balance August 31, 2020 Before Adjustment Dr. Cr. Cash $10,100 8,700 2,500 3,900 After Adjustment Dr. Cr. $10,100 10,000 600 2,700 14,400 $4,600 5,800 1,300 700 14,400 $3,500 5,800 0 1,500 Accounts Receivable Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Accounts Payable Salaries and Wages Payable Unearned Rent Revenue Common Stock Retained Earnings Service Revenue Rent Revenue...
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