FARM ACCOUNTS. 239 



Now turn to next two pages and write "Receipts" and 

 "Expenditures" as before. In case there is a balance on 

 hand after closing the account of the previous month, en- 

 ter the same under "Receipts" as "Balance brought for- 

 ward." In case there is a deficit, enter this under "Ex- 

 penditures" as "Deficit brought forward." By so doing 

 from month to month, you have a definite statement show- 

 ing whether you are making or losing money. 



INTERIOR OF Cow BARN, SHOWING CONCRETE CONSTRUCTION. 



871. Suppose on January 1, 1914, a farmer has on 

 hand $40 in cash. He starts his account book. On Jan- 

 uary 4, he pays out for labor to John Smith, $36 ; on Jan- 

 uary 6, he pays $24 for a ton of wheat bran ; on January 

 7, he is paid $16 for a calf ; on January 9 he is paid $42 

 for corn; on January 16 he sells his wheat and gets $1.04 

 a bushel for 350 bushels. On January 17, he pays $16 for 

 three shotes. Other receipts are as follows; Four tons 



