408 AGRICULTURAL ECONOMICS 



Now, suppose that on a trip to town on June i one spends $i .40 

 for horseshoeing, $3 for fencing, $5 for cow feed, and receives a $65 

 check for 6,500 pounds of milk. The entries are made as follows: 

 The account marked " Horses" is turned to and on the left-hand page 

 is entered "June i Shoeing, $i .40." The "Real estate" account is 

 turned to and on the left-hand page is entered, "June i Fencing 

 bought, $3." The "Cows" account is turned to and on the left-hand 

 page is entered, "June i Cow feed bought, $5." On the right-hand 

 page, under this same account, is credited, "June i Milk, 6,500 

 pounds, $65." 



These entries are now complete; they will never have to be posted 

 or entered again in any way. It is often advisable to keep a memo- 

 randum book in the pocket in which to make notes when money is 

 paid out in town, so that the items will not be forgotten before they 

 can be entered in the account book. 



Whenever money is paid out, the farmer turns to the account in 

 the book to which this money should be charged and enters it on the 

 left-hand page. Whenever money is received the amount is credited 

 to the proper account by entering it on the right-hand page under 

 that heading. These are the only entries made. The amounts are 

 charged or credited directly to the accounts to which they belong. 



Work record. For the work record, a book ruled exactly like the 

 financial record book, except that there should be two double columns 

 at the right of the page, may be used. This should be indexed in the 

 manner already described. In this book no separate pages are used 

 for charges and credits and no entries are made in terms of dollars and 

 cents. In the first double column at the right-hand side of the page 

 are entered man hours and minutes, and in the second are written 

 horse hours and minutes. These headings should be placed at the 

 top of each column, so that the page appears as shown in Table III. 

 This book contains simply a record of the work done on the farm 

 during the year, classified according to the enterprise for which it was 

 done, and it also gives the date and number of hours of each operation. 



The sample record with wheat shown as Table III will serve to 

 illustrate the way the items should appear in the work record. 



Suppose that the date is May i. The work done on this day 

 aside from chores was drilling in oats 6 hours, with 2 horses; plowing 

 for corn 8 hours, with 3 horses; repairing plow, 2 hours of man labor 

 alone. The entries are made as follows: The "Oats" account is 

 turned to, "May i" written in the left-hand column, the single word 



