HOir TO KEEP FARM ACCOUNTS. 



TRANSACmONS FOR MAY, 1901. 



MAY I. 

 Cash on hand $425.00. 



58. The amount of cash on hand at the beginning of the 

 month is entered in black ink as shown in Plate 12, item da. 



MAY 2. 

 He sends J. M. Whiton, Wakeman, O., New York draft for $i6.oo for 8 bu. 

 White Mammoth potatoes for seed. The bank charges him lO cents for draft. 



59. Refer to Plate 13, item ca for the proper entrj to make 

 for this transaction. As to the reason for charging tliig to Ex- 

 pense, refer to the matter relating to Expense which follows plate 

 70. Note that he includes the cost of the draft in the entry. 



MAY 3. 



He buys 2 ton Middlings at $22.00 and a barrel of salt $1.50. 



60. See Plate 13. item cb. Fox wants to know how much 

 Feed ho buys during the year so he opens an account with it. 

 That is also the reason he inventoried the Feed on hand which 

 he had bought previous to April 1st. Read explanatory matter 

 after Plate 72. regarding this account. 



MAY s. 

 He has one thousand each of Envelopes ($2.50) and Letter Heads ($3.75) printed. 



61. On every farm there are certain articles which have to 



£8 



