Question

From the ledger balances below, prepare a trial balance for Crane Company at June 30, 2022. All account balances are normal. Accounts Payable $ 2,000 Service Revenue $8,940 Cash 5,810 Accounts Receivable 2,680 Common Stock 17,410 Salaries and Wages Expense 3,610 Dividends 1,590 Rent Expense 1,320 Equipment 13,340

Answer 1

Answer:

The balancing figure = $28,350

Explanation:

The question is to prepare the trial balance for Crane Company for June 30, 2022

A trial balance represents a statement that contains all the debit and credit balances from the account book of an organisation. It is used to show the arithmetic accuracy of the books of account.

CRANE COMPANY'S TRIAL BALANCE AT JUNE 30, 2022

Accounts Title                                   Debit ($)             Credit ($)

Accounts Payable                                                          2000

Accounts Receivable                        2,680

Cash                                                    5,810

Common Stock                                                               17,410

Dividends                                            1,590

Equipment                                          13,340

Rent expenses                                      1,320

Salaries and Wages                             3,610

Service Revenue                                                               8,940

                                                               28,350                 28,350