168 IARM ACCOUNTING 



also gives Ed. Wise 20 bushels, charging $1.70 a bushel in each 

 case. The truck patch allowed Ed. Wise did not raise potatoes. 

 (No cash is involved in the transaction.) 



Oct. 30. Pays John Betts $2.25 a day for 15 days' work. 



Oct. 31. Credits Ed. Wise with wages. 



Nov. 15. Sells 117 lambs, averaging 100 Ibs., at $9.50 per cwt. 

 Buys 500 bushels of corn at $1.50, not for seed. 



Nov. 20. Sells 34 head of hogs at $12 per cwt. Average weiirht 

 is 220 Ibs. 



Nov. 23. Pays for husking his .rn crop, 2000 bushels at 3c a 

 bushel. 



Nov. 29. According to contract made in March, he sell- 

 cash to the. Williams Seed Co., his -n.p ,,f mni for seed at 'J.V 

 a bushel above in;irkei price. After sorting, it amounts t 1'ioo 

 bushels, calculated at $2 a bushel. (Dr. Seed Com, < Y. Corn 

 > [1600 at $1.75] Dr. Cash, Cr. Seed Corn $3200 [1600 at 

 $2].) 



Nov. 30. Pays John Betts and Sam Peck each $22.50 for ten 

 days' labor. 



Nov. 30. Credits Ed. Wise with wages. 



Dec. 5. Ed. Wise is given 3 hogs to butcher, same t-> to 

 charged to his account Weight averages 240 11- - _' per 



ewt 



Dec. 8. Butchers 3 hogs himself. Average weight 230 Ibs. at 

 $12 per e 



. 10. Has some shoeing done, $4.7". 



Dec. 15. Gives his wife $50, and takes $47 himself for per- 

 sonal use. 



Dec. 18. Buys 200 bushels of oats, paying 55c. He renews 

 his subscriptions to various stock and farm journals, costing 

 $6.60. He also pays 12c for money orders, and $2 for p<> 

 stamps. ( Subscriptions to farm journals are charged to flen- 

 eral Expense. Subscriptions to popular journals and news- 

 papers are charged to Household.) 



Dec. 23. Gives Ed. Wise a check for $50 and also writes an- 

 other for $10 for personal use. 



Dec. 31. Credits E.I. Wise with \va 



Jan. 12, 1917. Withdraws $30 from the bank and spends all of 



