The following accounts are taken from the ledger of Crane Company at December 31
ID: 2341181 • Letter: T
Question
The following accounts are taken from the ledger of Crane Company at December 31, 2017.
Prepare a trial balance.
Notes Payable
Cash
Common Stock
Supplies
Equipment
Rent Expense
Dividends
Salaries and Wages Payable
Salaries and Wages Expense
Accounts Payable
Service Revenue
Accounts Receivable
CRANE COMPANY
Trial Balance
choose an accounting period choose an accounting period
Debit
Credit
enter an account title
$ enter a debit balance
$ enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
$ enter a total for the debit column
$ enter a total for the credit column
Notes Payable
$ 19,600Cash
$ 5,900Common Stock
24,500Supplies
4,900Equipment
74,500Rent Expense
2,000Dividends
7,800Salaries and Wages Payable
2,900Salaries and Wages Expense
37,200Accounts Payable
8,800Service Revenue
84,300Accounts Receivable
7,800CRANE COMPANY
Trial Balance
choose an accounting period choose an accounting period
Debit
Credit
enter an account title
$ enter a debit balance
$ enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
enter an account title
enter a debit balance
enter a credit balance
$ enter a total for the debit column
$ enter a total for the credit column
Explanation / Answer
CRANE COMPANY
Trial Balance
For the year ended December 31 2017
Debit
Credit
Cash
$ 5,900.00
Supplies
$ 4,900.00
Rent Expense
$ 2,000.00
Salaries and wages payable
$ 2,900.00
Accounts Payable
$ 8,800.00
Equipment
$ 74,500.00
Accounts receivable
$ 7,800.00
Notes payable
$ 19,600.00
Common stock
$ 24,500.00
Dividends
$ 7,800.00
Salaries and wages Expense
$ 37,200.00
Service Revenue
$ 84,300.00
Total
$ 140,100.00
$ 140,100.00
All assets and expenses have Debit balances.
All liabilities and revenue accounts have Credit balances.
CRANE COMPANY
Trial Balance
For the year ended December 31 2017
Debit
Credit
Cash
$ 5,900.00
Supplies
$ 4,900.00
Rent Expense
$ 2,000.00
Salaries and wages payable
$ 2,900.00
Accounts Payable
$ 8,800.00
Equipment
$ 74,500.00
Accounts receivable
$ 7,800.00
Notes payable
$ 19,600.00
Common stock
$ 24,500.00
Dividends
$ 7,800.00
Salaries and wages Expense
$ 37,200.00
Service Revenue
$ 84,300.00
Total
$ 140,100.00
$ 140,100.00