Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

Exercise 13

Shown below in random order is a list of balance sheet items for Maple Valley Farms at September 30, 2015:

Instructions
a.repare a balance sheet by using these items and computing the amount for Retained Earnings.se a sequence of assets similar to that illustrated in Chapter 2 of the text.nclude a proper heading for your balance sheet.
b.ssume that on September 30, immediately after this balance sheet was prepared, a tornado completely destroyed one of the barns.his barn had a cost of $4,500 and was not insured against this type of disaster.xplain what changes would be required in your September 30 balance sheet to reflect the loss of this barn.