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Please help farmer Lupe calculate the following accrual adjustments in the table (change in value portion). I completed the first example to help you. (2
- Please help farmer Lupe calculate the following accrual adjustments in the table (change in value portion). I completed the first example to help you. (2 points; .5 point per highlighted box)
Item | (+ or -) | Beginning of the Year Value | (+ or -) | End of the year value | = | Change in value |
Crop Inventory | - | $25,600 | + | 32,300 | = | $6,700 |
Accounts Receivable |
| $11,250 |
| $10,350 | = |
|
Accounts Payable |
| $1,600 |
| $2,200 | = |
|
Accrued Interest |
| $2,300 |
| $1,200 | = | |
Prepaid Expense |
| $310 |
| $940 | = |
|
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