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Bushels of
Wheat
Land Seed Fertilizer Ox Plow = Accounts
Payable
Owners’ Equity Description of Transaction
Bushels of
Wheat
Land Seed Fertilizer Ox Plow = Accounts
Payable
Owners’ Equity Description of Transaction
Assets Assets
Current Assets Current Assets
Bushels of Wheat 0 bw. Bushels of Wheat 223 bw.
Seed 20 bw. Seed 0 bw.
Fertilizer 2 bw. Fertilizer 0 bw.
Total Current Assets 22 bw. Total Current Assets 223 bw.
Fixed Assets Fixed Assets
Land 100 bw. Land 100 bw.
Property, Plant and Equipment Property, Plant and Equipment
Ox 40 bw. Ox 40 bw.
Total Net Fixed Assets 140 bw. Plow 3 bw.
Total Assets 162 bw. Less: Accumulated Depreciation
Ox Usage -4 bw.
Plow Usage -3 bw.
Total Net Fixed Assets 136 bw.
Total Assets 359 bw.
Assets
Assets
Current Assets
Current Assets
Bushels of Wheat 105 bw.
Bushels of Wheat 0 bw.
Seed 0 bw.
Seed 10 bw.
Fertilizer 0 bw.
Fertilizer 1 bw.
Total Current Assets 105 bw.
Total Current Assets 11 bw.
Fixed Assets
Fixed Assets
Land 50 bw.
Land 50 bw.
Property, Plant and Equipment
Property, Plant and Equipment
Ox 40 bw.
Ox 40 bw.
Plow 3 bw.
Total Net Fixed Assets 90 bw.
Less: Accumulated Depreciation
Total Assets 101 bw. Ox Usage -4 bw.
Plow Usage -1 bw.
Total Net Fixed Assets 88 bw.
Total Assets 193 bw.
Assets Assets
Current Assets Current Assets
Bushels of Wheat 0 bw. Bushels of Wheat 223 bw.
Seed 20 bw. Seed 0 bw.
Fertilizer 2 bw. Fertilizer 0 bw.
Total Current Assets 22 bw. Total Current Assets 223 bw.
Assets Assets