166 FARM ACCOUNTING 



April 25. Pays Ed. Wise $15 for 12 days' labor. (This does 

 not require the use of the special Ed. Wise columns.) 



May 2. Receives from J. M. Whiton 4 bushels of seed potatoes ; 

 and sends him a New York draft for $16 in payment. The 

 bank charges lOc for the draft. (Debit potatoes $16, General 

 Expense $0.10 and credit cash $16.10.) 



May 3. Buys 2 tons of middlings at $22, and a barrel of salt, 

 $1.50 (consider both items as Feed). 



May 5. Has 1000 each of envelopes ($2.50) and letter heads 

 ($3.75) printed, paying cash for same. 



May 7. Has had so much trouble to get competent help on the 

 I'M nn that he makes a contract with Ed. Wise, who has been 

 working for him off and on for some time, to work by the year 

 at $420. Wise is to board all tin* extra help employed on the 

 farm, and in addition to the wages agreed on, to have a truck 

 patch, pasture for cow and house rent free of charge. Con- 

 tract is dated May 1. It was mutually agreed that Mr. Jones 

 should credit Mr. Wise at the close of each month with the amount 

 he had earned during the month; and that Mr. Wise could draw 

 against the account at any time. 



May 10. Buys a sheep shearing machine, $15. 



May 25. Pays Eli Johnson $40 for stallion service. 



May 31. Credits Wise with wages. 



June 2. Wra. George, to whom Jones shipped seed corn on 

 April 8, writes that it hasn't arrived that it is now too late 

 he can't accept, and wants his money refunded. In order to 

 retain the good will of his customer, Mr. Jones refunds the money 

 ($15) by bank draft; and makes a claim against the A. D. 

 R. R. Co. for the amount, including lOc for the draft. (Debit 

 the R. R. Co. with the full amount paid. If the R. R. Co. should 

 not settle within a reasonable time, their account would then 

 be closed into General Expense as a bad debt.) 



June 8. Sells his wool 726 Ibs. at 16c. He pays 60c for 

 resetting shoes on Prince, and $3 for mower repairs. 



June 22. Pays John Dole and Sam Peck each $6 for three 

 days' labor. 



June 24. Sells 20 hogs, averaging 230 Ibs. each, at $13.50. 



