Complete questions 6,7,8, and 9. Looking for 1-2 paragraphs for 7-9, thank you in advance.

1. What factors aflell 3. Is it possible to use double entry with a cash accounting system? If so, what are the advantages and disadvantages? n system? 4, Is it possible to use single entry with an accrual system? Why or why not? 5. Check advertising material for several farm accounting software programs. Are they cash or accrual systems? Single or double entry? How many of the 12 reports from an accounting system discussed in this chapter are 2 How would one construct a balance sHel available from each program? Are any additional reports available? 6. Place an X under the column(s) to indicate whether each business event is a production, investment, or financing activity Production Investment Event Financing Pay cash for tractor repairs Borrow $40,000 Pay interest on the loan Charge $12,000 of feed Equipment depreciates Sell $35.000 of corn Purchase pickup Pay principal on a loan 7. Explain the difference between an account payable and an account receivable. 8. What products might a typical farm or ranch have in inventory at the end of a year? 9. Why are the results from an accrual accounting system recommended for use when making management decisions? (Box photo): OPixtal/AGE Fotostock