Crane Inc.'s general ledger at April 30, 2021, included the following: Cash $6,400; Supplies $400;...
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Crane Inc.'s general ledger at April 30, 2021, included the following: Cash $6,400; Supplies $400; Equipment $22,000; Accounts Payable $2,100; Deferred Revenue (from gift certificates) $1,300; Bank Loan Payable $10,000; Common Shares $5,000; and Retained Earnings $10,400. The following transactions occurred during May: May 1 Paid rent for the month of May, $1,300. 4 7 15 15 17 18 22 24 25 28 29 30 31 31 Paid $1,400 of the account payable outstanding at April 30. Issued gift certificates for future services for $1,900 cash. Received $2,100 from customers for services performed to date. Paid $1,200 in salaries to employees. Customers receiving services worth $700 used gift certificates in payment. Paid the remaining accounts payable from April 30. Purchased supplies of $700 on account. Received a bill for advertising for $500. This bill is due on June 22. Received and paid a utilities bill for $400. Received $2,100 from customers for services performed. Customers receiving services worth $600 used gift certificates in payment. Interest of $50 was paid on the bank loan. Paid $1,200 in salaries to employees. Paid income tax instalment for the month, $150. i would like the answer in a journal
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