Question

The following accounts are taken from the ledger of Crane Company at December 31, 2017.


Prepare a trial balance.

Notes Payable		$ 19,600		Cash		$ 5,900
Common Stock		24,500		Supplies		4,900
Equipment		74,500		Rent Expense		2,000
Dividends		7,800		Salaries and Wages Payable		2,900
Salaries and Wages Expense		37,200		Accounts Payable		8,800
Service Revenue		84,300		Accounts Receivable		7,800
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

Answer 1

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.