78 FARM ACCOUNTING 



TRIAL BALANCE, DECEMBER 31, 1916, EDWARD BLY 



Note for Instructor. Solutions of problems 2 and 3 below 

 should be preserved and used for comparison later as indicated 

 in Illustrative Problem 4, Chapter V. 



2. From the transactions iriven below follow instructions m 

 the order given, namely 



(a) Create the necessary ledger accounts allowing enough space 

 for each account to receive the entries of problem 3 below. 



(b) Take a trial balance at February 'J, 1017. 



(c) Close the ledger. 



(d) Take a trial balance after closing. 



(e) Prepare a Loss and Gain Statement for the year, and a 

 Statement of Resources and Liabilities at the close of the year. 



