SPECIAL ACCOUNTS AND ENTRIES 141 



in order to derive figures to use in the accounts. For this 

 purpose the inventory sheet is so arranged that the figures 

 to be used in the accounts stand out very prominently. 



In Illustration 27 the amounts recorded in the " Valua- 

 tion for Accounts" column each year are the ones that af- 

 fect the accounts. The names of the accounts affected are also 

 brought out quite prominently, except that the inventory of 

 Miscellaneous Supplies affects General Expense account, 

 Equipment Expense or Dairy Equipment Expense, or other 

 account charged at the time the supplies were acquired. 



In the case at hand, the valuation at Mar. 1, 1915, is 

 considered as having been made for the purpose of opening 

 a set of books at that time. Using the figures at that date 

 as a basis, then, along with figures for cash, buildings, land, 

 notes, and accounts receivable and payable, the opening 

 entry would bear the following form, using figures shown 

 in the Mar. 1, 1915, inventory of Illustration 27 : 



Cash xxx 



Notes Receivable xxx 



Cattle $1,446.00 



Swine 565.00 



Horses 1,760.00 



Poultry 134.50 



Sheep 100.00 



Equipment 576.00 



Equipment (Dairy) 120 . 00 



Corn 450.00 



Oats 200.00 



Wheat 56.00 



Potatoes 36.00 



Hay, timothy 100 .00 



Silage 120.00 



General Expense (Supplies on 



hand) 11.50 



Notes Payable xxx 



Proprietor's Capital. . . xxx 



