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The below is Claire's most recentbalance sheet ( SOFP ) . Fixed assets: Production rights 2 0 0 0 Land 1 8 0 0 0
The below is Claire's most recentbalance sheet SOFP
Fixed assets:
Production rights
Land
Barns
Farm machinery
Shares
Current assets:
Stock
Account receivable
Banks
Equity:
Farmer clarie
Liabilities:
Loan agribank
Account payable
These are the New transaction in orderto fill the new balance sheet
Transactions:
a The barn needs a new roof, costs
which she will pay in about a month.
b She sells a quarter of her land, at purchase price, for cash.
c She gets more cows at the market, for each. She needs to settle that bill within weeks.
d She uses cash to pay back some of the Agri loan, to stop the bank manager from calling all the time with lame attempts at flirting.
e Claire gets to sell half of all her cheese to a Utopian merchant, who will probably pay within the month.
f A payment from a Dutch wholesaler on her account. That farmer's market last week was totallyworth it
g Time to get a fancier Truck, with coffee machine and massage seats.The old truck still has a book value of and the 'farm equipment' dealer takes it from Claire, as a discount on the new one. Remaining cost He delivers it right away against a cash payment of the Tesla shares Claire was keeping, and the rest is payable by the end of the month
h Claire likes Tesla a lot and buys new shares for a total of payable within days.
Please fill the New balance sheet:
Fixed
assets:
Production rights
Land
Barns.
Farm machinery
Shares.
Diarv cows.
Current assist:
Stock.
Account receivable.
Banks.
Equity:
Farmer clarie.
Liabilities:
Loan agribank
Account payable.
Total liabilities
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