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
$3,900
Income tax expense
$1,220
Accounts receivable
8,900
Office expense
6.800
Accumulated depreciation-equipment
6.400
Rent expense
4,400
Cash
24,400
Retained earnings
26,320
Common shares
9,800
Salaries expense
11,500
Deferred revenue
4,600
Salaries payable
5,400
Depreciation expense
4,400 Service revenue
36,400
Dividends declared
6,900 Supplies
5,900
Equipment
14,800
Supplies expense
3,600
CRANE LTD.
Statement of Financial Position
Assets
$
Liabilities and Shareholders' Equity