4-8 - Create ledger accounts for the items in the following adjusting journal entries and post the entries to the ledger accounts. a. Feed Inventory Purchased for Use Change in Purchased Feed Inventories 570 570 b. Crop Inventory Raised for Sale Change in Crop Inventory 10,000 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 31,000 600 f. Change in Accounts Payable 600 Accounts Payable g Breeding Livestock 2,100 Gains/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 4-9. Using the unadjusted trial balance below (from Appendix E) and the ledger accounts from Problem 4-8, prepare an adjusted trial balance Credit: 2,160.00 50,000.00 120,000.00 76,018.00 104,540.00 Unadjusted Trial Balance Steve and Chris Farmer December 31, 20X1 Accounts Debits 1000 Cash S 203.80 1500 Breeding Livestock 73,500.00 1600 Machinery and Equipment 65,000.00 1650 Office Equipment and Furniture 1,000.00 1700 Perennial Crops 45,000.00 1800 Land, Buildings and Improvements 470,000.00 1910 Leased Assets 100,000.00 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 150.00 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 250.00 5000 Feeder Livestock 1.500.00 5020 Purchased Feed 1,000.00 6100 Wage Expense 1,200.00 6110 Payroll Tax Expense 129.20 6310 Truck and Machinery Hire 150.00 6520 Herbicides, Pesticides 500.00 6630 Livestock Supplies, Tools, and Equipment 75.00 6700 Insurance 1,200.00 6710 Real Estate and Personal Property Taxes 1,300.00 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 $766,318.00 100.00 350,000.00 12,600.00 50,900.00 $766,318.00