The following is a list of accounts, in alphabetical order, for Crane Ltd. at December 31, 2024. All accounts have a normal balance. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Deferred revenue Depreciation expense Dividends declared Equipment $3,900 8,900 6,400 24,400 9,800 4,600 4,400 6,900 14,800 Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Assets $ $1,220 6,800 4,400 $ 26,320 11,500 5,400 36,400 CRANE LTD. Statement of Financial Position 5,900 3,600 Liabilities and Shareholders' Equity $

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question
The following is a list of accounts, in alphabetical order, for Crane Ltd. at December 31, 2024. All accounts have a normal balance.
Accounts payable
Accounts receivable
Accumulated depreciation-equipment
Cash
Common shares
Deferred revenue
Depreciation expense
Dividends declared
Equipment
$3,900
8,900
6,400
24,400
9,800
4,600
4,400
6.900
14,800
<
Income tax expense
Office expense
Rent expense
Retained earnings
Salaries expense
Salaries payable
Service revenue
Supplies
Supplies expense
Assets
$1,220
ta
6,800
S
4,400
26.320
11,500
5,400
36.400
CRANE LTD.
Statement of Financial Position
5,900
3,600
Liabilities and Shareholders' Equity
$
Transcribed Image Text:The following is a list of accounts, in alphabetical order, for Crane Ltd. at December 31, 2024. All accounts have a normal balance. Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common shares Deferred revenue Depreciation expense Dividends declared Equipment $3,900 8,900 6,400 24,400 9,800 4,600 4,400 6.900 14,800 < Income tax expense Office expense Rent expense Retained earnings Salaries expense Salaries payable Service revenue Supplies Supplies expense Assets $1,220 ta 6,800 S 4,400 26.320 11,500 5,400 36.400 CRANE LTD. Statement of Financial Position 5,900 3,600 Liabilities and Shareholders' Equity $
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education