COST ACCOUNTING 311 



1050 bushels. There was estimated to be 28 tons of straw, 

 valued at $3 a ton. 



Note. At this time make notations on the credit side of 

 Field No. 2 account and debit side of Wheat account showing 

 only the 1050 bushels without any values extended kito the money 

 columns. The values will be placed opposite these explanations 

 at the end of the year when the cost of operating Field No. 2 

 has been determined. At this time make an entry in the cash 

 journal, debiting Straw and crediting Wheat with $84 for the 

 straw produced. 



Aug. 3. Paid $65 for expenses in threshing wheat, including 

 coal and binder twine. 



"Aug. 21. Threshed the oats from Field No. 4. They measured 

 1260 bushels. There was estimated to be 34 tons of straw 

 valued at $3.50 a ton. 



Aug. 22. Paid $66.30 for expenses in threshing oats, includ- 

 ing coal and binder twine. 



Sept. 1. Received check for $525, for 500 bushels of wheat at 

 $0.85 and 250 bushels of oats at $0.40. 



Oct. 1. Used 10 acres of corn from Field No. 5a in silage. 

 The yield was estimated by test at 45 bushels per acre and the 

 market price was $0.65 a bushel. 



Note. At this time make notations in the explanation columns 

 on the debit side of Corn and credit of Field No. 5a account, 

 showing the total estimated number of bushels used. Then make 

 an entry in the cash journal debiting Silage and crediting Corn 

 account with the total value of the corn used ($292.50). Ninety 

 tons of silage was produced. 



Oct. 4. Paid $25 for engine hire and coal in filling the silo. 



Oct. 13. Received check for 60 tons timothy hay at $9 a ton, 

 hauling to be done by the purchaser. 



Dec. 10. Corn husking has been finished. The 20 acres in 

 Field No. 1 yielded 1180 bushels. The remaining 30 acres of 

 Field No. 5a yielded 1370 bushels. (Make notations in the ex- 

 planation columns only, at this time.) 



Dec. 12. Sold apples and vegetables for $45 cash (Cr, House- 

 hold for both). 



