FARM ACCOUNTING 



Walter Marsh Capital 



1916 



Jan. 1 Net Investment 1 $2,500 



Labor 



General Expense 



1916 



Apr. 12 Cash 



I.. 



21 



Miscellaneous Income 



1916 



June 18 Cash 



34 



Posting from Simple Journal. It will be observed from 

 a study of Illustrations 18 and 19 that the process of post- 

 ing from the simple journal is not at all complicated, as it 

 is performed in accordance with a well defined plan. In 

 posting from the simple journal to the ledger it is advisable 

 to look at only one horizontal line at a time, in order to 

 get all the essentials for posting. For example, using the 

 first item of the second journal entry in Illustration 18, 

 this item expresses a debit to Horse account of $700 on 

 January 2, 1916. Looking only at this one line, we know 



