88 FARM ACCOUNTING 



ENTRY: 



January 2 



Horses $700 



Hogs 500 



Cattle 200 



Equipment 300 



Cash $1,700 



(Bought stock and equipment for cash) 



TRANSACTION: 



January 31, paid $25 for labor 



ENTRY: 



January SI 



Labor $25 



Cash S25 



(Paid Jas. Brown for Jan.) 



These and other transactions were entered during the 

 half year, at the close of which the journal contained the 

 entries as presented in Illustration 18. 



The ledger accounts created by the post i ML: of the jour 

 nal entries are shown in Illustration ID. The entries in 

 the journal are to be studied and the postings traced to 

 the proper ledger accounts. The figures to the left of the 

 titles of accounts in the journal are posting ref r 

 They indicate the pages in the ledger on which the accounts 

 are to be found. Likewise, the figures in the ledger ac- 

 counts to the left of the amounts indicate the pages in the 

 journal from which the items were posted. In the case 

 at hand, it is considered that all journal entries are on 

 page 1, and all ledger accounts on page 1. 



