Farm Service Agency A. Name (Applicant/Borrower) B. Social Security or Tax ID No. D. Phone No. (Including Area Code) 1D. Crop Inventory 1E. Measure 1G. $/Unit FARM BUSINESS PLAN WORKSHEET Balance Sheet. FSA-2037 (01-18-05) $ Value. PART 2 - CURRENT LIABILITIES. 1A. Cash and Equivalents. This form is available electronically. E. Date (MM-DD-YYYY)

A balance sheet is a snapshot of the financial condition of a business at a specific moment in time, usually at the close of an accounting period. A balance sheet comprises assets, liabilities, and owners’ or stockholders’ equity. WORK SHEET FOR A SERVICE BUSINESS Review: Summative Assessment (Ch. 5 Quiz/Reinforcement Activity) Accounting Concept: Consistent Reporting--When the same accounting procedures are followed in the same way in each accounting period. Assign Students to Read Ch. 6 and complete the terms p. 150 !(Students may