CHAPTER III. 



RECORDING THE INVENTORY. 



Take two statement cards and figure out and record the 

 inventory of January 1, 1904. Use card 34 as a model but 

 never copy from it. Solutions of each example involved 

 should be submitted to your teacher. The cards should be 

 kept as a permanent record for upon these facts is based our 

 ability to determine the prosperity or adversity of the 

 business. 



HIBBARD FARM. 



Inventory of real and personal property, Jan. 1, 1904. 



Real Estate: SE^ Section 4, Township 111, Range 19, 

 160 acres at $60 per acre. 



Cash: On hand $49.82. 



Horses: Topsy, black mare 6 years old $100; Kitty, black 

 mare 6 years old $100; Nell, gray mare 14 years old $125; 

 Bill, gray gelding 16 years old $75; Maude, brown mare 2 

 years old $40 ; Jess, brown mare 1 year old $20. 



Cattle: Cows Nell, grade shorthorn 2 years old $30; 

 Black and White Heifer, grade shorthorn 2 years old $25; 

 Red Heifer, grade shorthorn 2 years old $25 ; Crossy, grade 

 shorthorn 6 years old $30 ; Whitey, grade shorthorn 10 years 

 old $25 ; Durham, grade shorthorn 8 years old $30 ; Black 

 and White Cow, Jersey shorthorn 8 years old $25; Dot, 

 grade shorthorn 10 years old $30; Star, grade shorthorn 

 7 years old $25; Bangs, grade shorthorn 2 years old $25; 

 Holstein, grade Holstein 6 years old $22. 



It is hard to pay for bread that has been eaten. Dan. 



