HOW TO KEEP FARM ACCOUNTS. 



ing is necessary: (1) Copy of Invoice to George. (2) Original Bill 



of Lading. (3) attach (1) and (2) to an invoice made out in name 



of R. R. These should be given to the local agent. But R. R's. 



move slowly in paying claims. After a reasonable lensrth of time 



it is well to stir them up at intervals, and let them know you are 



looking after your end — are a business farmer and know what 



you're about. Refer to 197 and 199. 



JUNE 8 



He sells his wool — 726 lbs., at i6c. Pays 60c for „re-setting" two shoes on 

 Queen, and $3.00 for repairs on Mower. 



68. First. — Fox doesn't want accounts opened with every 

 thing he grows — too much detail. His sales are all entered to the 

 credit of his Production account, hence, the Wool sold above is en- 

 tered as shown on Plate 1(5, item dc. See 158. 



Second. — The inevitable E^xpense again. But his horses must 

 be shod, and the Clover is coming on fast. Tlie Mower is now 

 ready. Both charged to Expense. (Plate 17, item cd.) See lUl 

 and 163. JUNE 22. 



He pays John Dye and Sam Petit each $6.00 for four days' labor. 



69. Labor, too, is quite an item and lie wants to know how 

 much it costs him for the year. All extra help he employs he 

 charges to Labor account. For entry see Plate 17, item ce. Refer 

 to 183. JUNE 24. 



He sells 20 Hogs, averaging 230 lbs. each, at $S.40 and pays his June taxes — $32.64. 



70. First. — As everything Fox sells off the farm is credited 

 to Production, the proceeds for the Hogs is credited to that ac- 

 count. (Plate 1(>, item dd.) Second. — He opens an acount for 

 Taxes and Insurance. (Plate 17. item of. Refer to 193. 



JUNE 28. 

 Ed. Wise draws $20.00 on account. 



71. Although this item is for Labor, yet. Wise is hired by 

 the year and wants to draw his money as he needs it. This neces- 

 sitates opening an account with Wise, and all money drawn by 

 him must be chai'ged to him. (Plate 17, item eg.) Refer to 177 



and 178. JUNE 30. 



He balances his cash — $581.37. on hand. 



The cash on hand in $581.37 and as that agrees with the bal- 

 ance shown by the Cash Book he rules the closing lines as he did in 

 April. (See Plates 16 and 17. items de, ch and ci.) 



64 



