160 FARM ACCOUNTING 



Feb. 7. He buys stock feed for $40 cash and poultry feed 

 for $5 cash. 



Feb. 8. Buys five horses from A. Allen for $1700, paying 

 $700 in cash and the balance with a six months' note bearing 

 6% interest. 



Feb. 9. Buys two sets of harness for $50 cash. 



Mar. 1. Pays $150 interest on mortgage note for six months 

 ended today (Dr. General Expense). 



Mar. 1. Buys 17 cows from L. List $750, for which he gives his 

 note for $500, the balance to be settled later. 



Mar. 10. Buys 40 sheep from M. Mann on account, $175. 



Apr. 1. Pays $32 cash for a new hay rake 1 to replace one 

 worn out. 



Apr. 30. Pays L. J. Johnson his wages for the month, $45 cash. 



May 31. Sells eggs for cash. >lo. 



May 31. Sells to Cooperative Creamery on account 540 Ibs. 

 butler fat at $0.35. (!.' ; the sales of the month.) 



.Tune 30. Sells to the Cooperative Creamery on account 470 

 Ibs. butter fat at $0.35, S, 1U qg| for cash $8. 



July H. l':iiil t'..r n'-shiiiirlinir horse barn, $40. 



A uir. ill. Pay- |66 t'.r sundry labor. 



Sept. 1. Pays $150 interest on mortgage for six months end- 

 in- today. 



Srpt. (i. Buys stork feed for $60 cash. 



Oct. 31. Sells 500 Ibs. butter fat at $0.35 cash. 



Nov. 120. Sells 120 sheep for $110 cash. 



Nov. 21. Pays M. Mann on a< -125. 



Dec. 1. Sells the remaining sheep and lambs for $145 cash. 



Dec. 8. Pays $1050 to A. Allen to redeem note of Feb. 8th, 

 which had been extended; and to pay interest on same. 



Dec. 9. Sells swine (3800 Ibs.) at $13 per cwt. for cash. 



Dec. 10. Sells to Cooperative Creamery 400 Ibs. butter fat at 

 $0.35, on account. 



Dec. 31. Receives cash from the Cooperative Creamery $300 

 to apply on account. 



1 Since depreciation takes care of the hay rake worn out, the new 

 one is to be charged to Equipment account. 



