Question
You want to prepare a balance sheet for your operation. Use the following information to build a Balance Sheet Operating Loan: $170,300 Value of breeding
You want to prepare a balance sheet for your operation. Use the following information to build a Balance Sheet
Operating Loan: $170,300
Value of breeding livestock: $240,500
Noncurrent portion of machinery loan: $135,300
220 weaned steers with an average weight of 550 lbs valued at $165/cwt
Prepaid expenses: $67,000
Value of machinery owned: $315,600
Checking and savings account: $87,200
Noncurrent portion of Real estate loan: $230,800
Accounts Payable: $29,600
Portion of real estate loan due within one year: $42,300
Value of Buildings and Improvements: $210,700
Feed on hand: $36,400
Real estate owned: $925,400
Portion of machinery loan due within one year: $32,500
Accounts receivable: $51,100
Hay for sale 90 tons valued at $175/ton
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