On December 1, 2022, Crane Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment *(4,000x$0.60) The following transactions occurred during December Debit $5,500 Accumulated Depreciation Equipment 4,200 Accounts Payable 2,400. Owner's Capital 17 22 Adjustment data 1 20,000 $32.100 Dec. 3 Purchased 4.200 units of inventory on account at a cost of $0.74 per unit 5 Sold 4,600 units of inventory on account for $0.90 per unit. (Crane sold 4,000 of the $0.60 units and 600 of the $0.74) Granted the December 5 customer $201 credit for 200 units of inventory returned costing $134. These units were returned to inventory 7 Purchased 2,200 units of inventory for cash at $0.80 each Sold 3,100 units of inventory on account for $0.95 per unit. (Crane sold 3,100 of the $0.74 units) Credit $1.500 3.600 Recognized accrued salaries payable $600. Recognized depreciation $240 per month. 27,000 $32.100

On December 1, 2022, Crane Company had the account balances shown below. Cash Accounts Receivable Inventory Equipment *(4,000x$0.60) The following transactions occurred during December Debit $5,500 Accumulated Depreciation Equipment 4,200 Accounts Payable 2,400. Owner's Capital 17 22 Adjustment data 1 20,000 $32.100 Dec. 3 Purchased 4.200 units of inventory on account at a cost of $0.74 per unit 5 Sold 4,600 units of inventory on account for $0.90 per unit. (Crane sold 4,000 of the $0.60 units and 600 of the $0.74) Granted the December 5 customer $201 credit for 200 units of inventory returned costing $134. These units were returned to inventory 7 Purchased 2,200 units of inventory for cash at $0.80 each Sold 3,100 units of inventory on account for $0.95 per unit. (Crane sold 3,100 of the $0.74 units) Credit $1.500 3.600 Recognized accrued salaries payable $600. Recognized depreciation $240 per month. 27,000 $32.100

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Description: need answers please Adjusted Trail Balance and do not give solution in image format thanku TotalsCRANE COMPANYAdjusted Trial Balance$$Debit¶¯¯¯CreditL On December 1, 2022. Crane Company had the account balances shown below.CashAccounts ReceivableInve

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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