2100 Binding Livestock 2.100 Glosses Due to Changes in Central Bas Values of freeding Livestock I Clance in Table 3600 NooCurre Deferred Taxes 3.600 4.9 Using the unadjusted trial balance below (from Appendix ll) and they necounts from Problem +8, prepare an adjusted trial balance, Credit 4-5Create ledger accounts for the items in the following adjusting journal entries and post the entries to the ledger accounes. a: Peed Inventory Purchased for Use Change in Purchased Feed Inventories 570 570 . Crop Inventory Raised for Sale 10.000 Change in Crop Inventory 10.000 c Feeder Livestock Inventory Parchased for Resale 9.050 Change in Purchased Feeder Livestock leventory 9.050 d Prepaid Expenses 1.000 Change in Perpaid Insurance 1,000 Depreciation Expense 31,000 Accumulated Depreciation 31000 600 f. Change in Accounts Payable 600 Accounts Payable 2.100.00 30.00000 120.000,00 76,018.00 104,540.00 Unadjusted Trial Balance Steve and Chris Farmer December 31, 20x1 Accounts Debits | 0 (4h S203.80 ISOO Beding Liwstock 73.500.00 1600 Machinery and Equipment 65,000 160 Office Equipment and Furniture 1.000.00 1700 lerennial Crops 45,000.00 1800 Land, Buildings and improvements 47000.00 1910 Lease Assets 100,000.00 2100 Tek Payable 2.910 Notes Payable Due within One Year 2400 Real Notes Payable-Non-Current 2600 Obligations on Leaned Assets 1100 Retained Capital 3110 Outer Withdrawal 150,00 3120 Non-Farm Income 3130 Other Capital Contribution/Gifts/Inheritances 4000 Cash Crop Sue 4100 Cash Sales of Market Livestock 4500 Gains (Losses) from Sale of Culled Breeding Livestock 250.00 5000 Feeder Livestock 1,500.00 5020 Purchased Feed 1,000.00 6100 Wage Expense L.200,00 6110 Payroll Tax Expense 129.20 6310 Truck and Machinery Hire 150.00 6520 Herbicides Pesticides S0000 66.10 Livestock Supplies, Tools, and Equipment 75.00 6700 Insurance 1.200.00) 6760 Real Estate and Personal Property Taxes 1,300XX) 8100 Interest Expense 1.200.00 8200 Gains (Losses) on Sales of Farm Capital Assets 800.00 9100 Income Tax Expense 2,160.00 Totals S766 318.00 100.00 350,000.00 12,600.00 50,900,00 S766,318.00 1) Create ledger accounts for the items in the following adjusting journal entries and post the entries to the ledger accounts. (Points: 40) a. Feed Inventory Purchased for use 570 Change in Purchased Feed Inventories 570 b. Crop Inventory raised for sale 10,000 Change in Crop Inventory 10,000 c. Feeder Livestock Inventory Purchased for resale 9,050 Change in Purchased Feeder Livestock Inventory 9,050 d. Prepaid Expenses 1,000 Change in Prepaid Insurance 1,000 e. Depreciation Expense 31,000 Accumulated Depreciation 31,000 f. Change in Accounts Payable 600 Accounts Payable 600 g. Breeding Livestock 2,100 Losses due to changes in general Base values of Breeding Livestock 2,100 h. Change in Taxes Payable 3,600 Non-Current Deferred Taxes 3,600 2) Using the unadjusted trial balance below and the ledger accounts from the previous exercise, prepare and adjusted trial balance. (Points: 40) Unadjusted Trial Balance Steve and Chris Farmer November 31, 2021 Accounts 1000 Cash 1500 Breeding Livestock 1600 Machinery and Equipment 1650 Office Equipment and Furniture 1700 Perennial Crops 1800 Land, Buildings and Improvements 1910 Leased Assets 2100 Taxes Payable 2310 Notes Payable due within one year 2400 Real Notes Payable - Non-current 2600 Obligations on Leased Assets 3100 Retained Capital 3110 Owner Withdrawals 3120 Non-Farm Income 3130 Other Capital Contributions/Gifts/Inheritances 4000 Cash Crop Sales 4100 Cash Sales of Market Livestock 4500 Gains (Losses) from sale of Culled Breeding Livestock 5000 Feeder Livestock 5020 Purchased Feed 6100 Wage Expense 6110 Payroll Tax Expense 6310 Truck and Machinery Hire 6520 Herbicides, Pesticides 6630 Livestock Supplies, Tools and Equipment 6700 Insurance 6710 Real Estate and Personal Property Taxes 8100 Interest Expense 8200 Gains (Losses) on sales of Farm Capital Assets 9100 Income Tax Expense Totals Debits Credits $ 203.80 73,500.00 65,000.00 1,000.00 45,000.00 470,000.00 100,000.00 2,160.00 50,000.00 120,000.00 76,018.00 104,540.00 150.00 100.00 350,000.00 12,600.00 50,900.00 250.00 1,500.00 1,000.00 1,200.00 129.20 150.00 500.00 75.00 1,200.00 1,300.00 1,200.00 800.00 2,160.00 S 766,318.00 S 766,318.00