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Exercise 4-22 The adjusted trial balance for Crane Company is given below: CRANE COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $11,210 $11,210 Accounts Receivable 8,170 8,770 Supplies 2,940 1,280 Prepaid Insurance 4,500 3,220 Equipment 16,250 16,250 Accumulated DepreciationEquipment $3,656 $4,856 Accounts Payable 5,560 5,560 Salaries and Wages Payable 0 1,340 Unearned Rent Revenue 2,100 1,180 Common Stock 15,690 15,690 Retained Earnings 5,580 5,580 Dividends 2,740 2,740 Service Revenue 32,770 33,370 Rent Revenue 12,270 13,190 Salaries and Wages Expense 16,520 17,860 Supplies Expense 0 1,660 Rent Expense 15,296 15,296 Insurance Expense 0 1,280 Depreciation Expense 0 1,200 $77,626 $77,626 $80,766 $80,766

Prepare the income statement for the year ended August 31. Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.) Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.)

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