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Cash 24,000 Interest payable 10,650 Fuel and oil expense 37,000 Interest paid 11,850 Property tax payable 16,000 Supplies on hand 18,000 Labor expense 18,000 Repair

Cash

24,000

Interest payable

10,650

Fuel and oil expense

37,000

Interest paid

11,850

Property tax payable

16,000

Supplies on hand

18,000

Labor expense

18,000

Repair expense

36,900

Property taxes paid

15,000

Insurance expense

10,500

Accounts receivable

32,000

Feeder livestock purchases

20,000

Feed purchases

15,000

Crop sales (corn and wheat)

350,750

Corn Inventory

120,000

Principal paid-Beef Loan

10,000

Prepaid expenses

20,000

Principal paid-Farm Mortgage

20,000

Livestock sales

17,500

Government program payments

2,000

Crop expenses

220,000

Other livestock expenses

12,000

Market Livestock Inventory

36,000

Accounts Payable

17,000

Wheat Inventory

50,000

Feed on Hand

70,000

In a new spreadsheet file, enter the beginning balance sheet on one sheet. Label that sheet as Beginning Balance Sheet. Enter the ending balance sheet from the previous Balance Sheet Assignment 2 into a new sheet. Label this sheet as Ending Balance Sheet.

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