Question: Prepare a cash basis income statement using proper heading formats Christmas Farms Worksheet December 31, 2020 Trial Balance Credit Accounts Adjustments Debit Credit Debit Adjusted
Prepare a cash basis income statement using proper heading formats Christmas Farms Worksheet December 31, 2020 Trial Balance Credit Accounts Adjustments Debit Credit Debit Adjusted Trial Balance Debit Credit Cash Crop Sales 25,000.00 25,000.00 8.300.00 8,300.00 56,000.00 56,000.00 Changes in Crop Inventories Cash Sales of Market Livestock Gains (Losses) from Sale of Culled Breeding Livestock Change in Value Due to Change in Quantity of Raised Breeding Livestock Change in Accounts Receivable 1.250.00 1.250.00 6,000.00 6,000.00 3,500.00 3,500.00 2,000.00 2,000.00 Feeder Livestock Changes in Purchased Feeder Livestock Inventory 750.00 750.00 Purchased Feed 1,750.00 1,750.00 Changes in Purchased Feed Inventories 2 0 Prepare a cash basis income statement using proper heading formats Christmas Farms Worksheet December 31, 2020 Trial Balance Credit Accounts Adjustments Debit Credit Debit Adjusted Trial Balance Debit Credit Cash Crop Sales 25,000.00 25,000.00 8.300.00 8,300.00 56,000.00 56,000.00 Changes in Crop Inventories Cash Sales of Market Livestock Gains (Losses) from Sale of Culled Breeding Livestock Change in Value Due to Change in Quantity of Raised Breeding Livestock Change in Accounts Receivable 1.250.00 1.250.00 6,000.00 6,000.00 3,500.00 3,500.00 2,000.00 2,000.00 Feeder Livestock Changes in Purchased Feeder Livestock Inventory 750.00 750.00 Purchased Feed 1,750.00 1,750.00 Changes in Purchased Feed Inventories 2 0
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