Question: NEED HELP CREATING BALANCE STATEMENT FOR A FARM WHICH INCLUDES THE FOLLOWING: Stored feed inventory; supplies; current portion of mortgage due; machinery; land/property; employee wages;

NEED HELP CREATING BALANCE STATEMENT FOR A FARM WHICH INCLUDES THE FOLLOWING:

Stored feed inventory; supplies; current portion of mortgage due; machinery; land/property; employee wages; operating loan; total mortgage value; savings account balance; marketable livestock for sale calves; cash; accounts payable; equipment loan; stored feed inventory; accounts receivable; equipment value; breeding animals cows; vehicles

The balance sheet should be organized (any format) into current and non-current assets and liabilities. Total Net Worth must be between $1 million and $1.5 million and the Debt to Equity ratio must be 1.35 Dollar values can be approximate, but should be generally realistic.

Values can be random, just need to have this formatted into a balance statement

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!