Question
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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Financial Accounting Principles And Issues
Authors: Michael H. Granof, Philip W. Bell
4th Edition
013321852X, 978-0133218527
