Corporation began operations on January 1, 2025. The following information is available for Crane on December 31 Accounts payable $7.900 Accounts receivable 5,400 Advertising expense 4,450 6.500 18,400 5,900 30,200 Cash Common stock Dividends Equipment Notes payable Rent expense Retained earnings Service revenue Supplies Supplies expense Prepare an income statement for Crane Corporation $13.800 13.400 2 32.300 5,300 1,250 CRANE CORPORATION Income Statement

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Crane Corporation began operations on January 1, 2025. The following information is available for Crane on December 31, 2025.
Accounts payable
Accounts receivable
Advertising expense
Cash
Common stock
Dividends
Equipment
$7.900
5.400
4,450
6,500
18,400
5,900
30,200
Notes payable
Rent expense
Retained earnings
Service revenue
Supplies
Supplies expense
Prepare an income statement for Crane Corporation
$13.800
13.400
19
32,300
$
5,300
1.250
CRANE CORPORATION
Income Statement
Prepare a retained earnings statement for Crane Corporation. But items that increase retained earnings first)
CRANE CORPORATION
Retained Earnings Statement
CRANE CORPORATION
Balance Sheet
Assets
D
Transcribed Image Text:Crane Corporation began operations on January 1, 2025. The following information is available for Crane on December 31, 2025. Accounts payable Accounts receivable Advertising expense Cash Common stock Dividends Equipment $7.900 5.400 4,450 6,500 18,400 5,900 30,200 Notes payable Rent expense Retained earnings Service revenue Supplies Supplies expense Prepare an income statement for Crane Corporation $13.800 13.400 19 32,300 $ 5,300 1.250 CRANE CORPORATION Income Statement Prepare a retained earnings statement for Crane Corporation. But items that increase retained earnings first) CRANE CORPORATION Retained Earnings Statement CRANE CORPORATION Balance Sheet Assets D
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