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W Sydney X viewContent/1932859/View ting (AEC-304-01W) Communication Tools COT mynvursun The ne % 5 T X Income Statement: G - + Automatic Zoom Cash Crop

W Sydney X viewContent/1932859/View ting (AEC-304-01W) Communication Tools COT mynvursun The ne % 5 T X Income Statement: G - + Automatic Zoom Cash Crop Sales 2018 d X G powerp X Zoom Campus Resources Balance Sheet: G Search or type URL 6 B The financial statements for the second year reported the following: USAP PROBLEMS 8-1 Using the information in the chapter for the Farmers' second productive year for the apple orchard and the information below for the third year, determine the amount to be reported on the balance sheet for Cash Investment in Growing Crops. Then calculate the Change in Cash Investment in Growing Crops. Assume that the crop was not harvested by the end of the year and prepare the journal entry. Then prepare a partial income statement and balance sheet for the effects of the third year. Effect on Gross Revenue Operating Expenses + Change in Investment in Growing Crops Net Effect on Operating Expenses Assets: 000 000 MacBook Pro Y 000 Cash Investment in Growing Crops The information for

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