Question
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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