Crane Corporation issued 250 shares of $10 par value common stock for $3,750. Prepare Crane’s journal entry. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Prepare a journal entry on December 23 for the withdrawal of $27,000 by Graeme Schneider for personal use. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. PAGE 1   JOURNAL ACCOUNTING EQUATION     DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1                 2                 CHART OF ACCOUNTSGeneral Ledger   ASSETS 11 Cash 12 Accounts Receivable 13 Supplies 14 Prepaid Insurance 15 Land 16 Equipment 17 Automobiles   LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Notes Payable 24 Salaries Payable   EQUITY 31 Graeme Schneider, Capital 32 Graeme Schneider, Drawing   REVENUE 41 Fees Earned 42 Sales Commission…

On July 31, 2025, Sheridan Company engaged Minsk Tooling Company to construct a special-purpose piece of factory machinery. Construction began immediately and was completed on November 1, 2025. To help finance construction, on July 31 Sheridan issued a $296,400, 3-year, 12% note payable at Netherlands National Bank, on which interest is payable each July 31. $190,400 of the proceeds of the note was paid to Minsk on July 31. The remainder of the proceeds was temporarily invested in short-term marketable securities (trading securities) at 10% until November 1. On November 1, Sheridan made a final $106,000 payment to Minsk. Other than the note to Netherlands, Sheridan's only outstanding liability at December 31, 2025, is a $31,800, 8%, 6-year note payable, dated January 1, 2022, on which interest is payable each December 31. (a) Your answer is correct. Calculate weighted average accumulated expenditures, avoidable interest, and total interest cost to be capitalized during 2025.…

Outdoor Equipment sells camping equipment. On December 1, the accounts receivable account had a balance of $50,000 the bad debt expense account had a balance of $0 and the allowance for doubtful accounts had a credit balance of $5000. Journalize the remaining entries for the year 2020.   Required: Prepare journal entries to record the transactions. Note: write off of uncollectible accounts for Rocky Co. and Grouse Co. should be posted separately. Draw and fill in the T – accounts for account receivable, bad debt expense and allowance for doubtful accounts. Determine the ending balance for each account.