THE ILLUSTRATION 



33. To better illustrate how the botiks are first opened or 

 begun, let us imagine some person, say one -Toliii Fox, wishes to 

 begin a simple set of accounts with his farmstead. Having de- 

 cided on this, the first thing he must do is to take an inventory 

 and an 



34. IXVENTOKY on the farm should be an itemized list of 

 everything used to increase its profits or maintain it. It must in- 

 clude all Live-stock, Feed, Implements, and all products on hand, 

 such as Wheat, Corn. Barley, Eye, Ha.v. Potatoes, etc, etc., with 

 the quantity and number of each figured at the market price the 

 day it is taken. 



This Fox takes and as he has no time for "fuss and feathers" 

 and doesn't want to open a separate account for each jiroduct, he 

 includes under the head of "Production" all his live-stock and the 

 produce grown by him. (Kefer to 155.) 



Under Feed, he enters only that which he has bought, such as 

 Bran, Middlings, Oats, etc. Plad he grown the Oats he would have 

 to enter it under '"Production" but whatever he buys to feed must 

 be inventoried as "Feed" and at the prices paid for it. 



The inventory having been taken we give it in full as follows: 



35. — Inventory of Clovermead Farm, March 31, 1901. 



PRODUCTION. FEED. 



Bay Team Jack and Jim $ 160.00 75 lbs. Linseed Meal at $24.00..! .go 



Bay Mare Queen 7S0o ^^ ton Bran at $15.00 1.87 



Black Mare Bess 60.00 ^^4 ton Middlings at $19.00 14.25 



Chestnut Mare June i7S-00 27 bushels Oats at 32c 8.84 



Two Cows at $35.00 70.00 



20 Stock Hogs at $5.00 100.00 $ 25.86 



15 Poland China Sows at $12. . 180.00 



IMPLEMENTS. 



I Berkshire Boar 35-00 



100 Shropshire Ewes at $4.00. . . 400.00 



I Shropshire Ram 50.00 One Wagon $ 60.00 



I Shropshire Ram 30.00 One Farmers' Handy Wagon.. 3900 



I Shropshire Ram 20.00 One Surrey 120.00 



913 bushels Corn at 35c 319-55 One Buggy 80.00 



9 bushels Potatoes at 30c.... 2.70 One Spring Tooth Harrow 14.00 



11^ tons Clover Hay at $6.00. . 69.00 



87 bushels Seed Com at 60c. .. . 52.20 Amount up $31300 



$1398.45 



