COST ACCOUNTING 239 



ILLUSTRATION 48 



ENTRY INVOLVING EXCHANGE LABOR, FEB. 28, 1918 

 (SIMPLE JOURNAL FORM USED FOR CONVENIENCE) 



Cattle $159.60 



Horses 94.60 



Swine 113.00 



Field No. 1 . . . . 56.80 



Exchange Labor 31 .40 



Household 103 . 80 



Labor $536.20 



Exchange Labor 23.00 



$23 in the case at hand. Exchange Labor account is deb- 

 ited with the value of labor chargeable to the neighbors, 

 $31.40 in this case, as shown by the exchange labor column 

 of Illustration 47. 



Concerning the debit to Field No. 1 as expressed in the 

 entry of Illustration 48, it is perhaps sufficient to stat6 

 that the $56.80 is the sum of the $23 and $33.80, the value 

 of neighbors' time and time of regular men spent on Field 

 No. 1 during the year as shown in the Labor Record of 

 Illustration 47. Field No. 1 is properly charged with all 

 labor performed on it, whether that labor is paid for in 

 cash or in services. 



Exchange Labor for Horses. The same principles and 

 methods presented for recording exchange labor for men 

 apply to exchange labor for horses. One Exchange Labor 

 account is used for recording both man and horse labor 

 exchanged with the neighbors. 



The horse exchange labor is recorded in the horse labor 

 monthly record and carried to the yearly horse labor sum- 

 mary in exactly the same way that the man labor is (Illus- 

 trations 46 and 47). The same method, the parenthesis, 

 is used for designating the labor performed by neighbors' 





