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i need journal entries, ledger entries and trial balance for the following, A. A farmer contributes her personal computer, worth $1000 to her farm…

by | Jan 11, 2025 | Posted Questions

i need journal entries, ledger entries and trial balance for the following, A. A farmer contributes her personal computer, worth $1000 to her farm business. B. A farmer pays a personal credit card debt for $ 200 with cash earned by the farm business C. farmer deposits $350 from a garage sale of personal items into the farm checking account. D. farmer receives $10,000 from a relatives estate sale for use in his farm business. E. farmer pays$100 for groceries with farm checking account F. Utilities of $65 for the farmers house is paid with a check from farm checking account. a. farmer borrows 5000 from the local bank for operating expenses b, farmer makes payment of 3500 in interest and 10000 in principle on a real estate loan c. farmer gets a loan from a relative for 1000 for use in the farm d. farmer in c. pays back the relative without interest a. farmer buys a tract of land for 50000 b. farmer leases a tractor that is worth 50000 and will own the tractor at the end of the leases c. farmer builds a shed for 7000 d. farmer buys five cows for 6000 e. farmer sells a parcel of land to a local municipality for 36000. The original cost of the land was 36000 a. farmer buys feed for 800 b. farmer sells feeder calves for 118000 c. farmer buys supplies for the orchard for 36 d. farmer pays 350 veterinary bill e. farmer sells grain for 102000 farmer culls his cow herd and sells the cows for 3000

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