312 FARM ACCOUNTING 



Dec. 15. Received a check for $360 for 600 bu. of corn at 

 $0.60 a bushel. 



Dec. 20. Signed a lease for another year under the same 

 terms as the present one, giving two promissory notes, one for 

 $700 and one for $650 due Sept. 1 and Jan. 1. 



Feb. 10, 1916. Sold 300 bu. of wheat for $270 cash. 



Feb. 18. Sold 500 bu. of oats for $220 cash. 



Feb. 25. Sold 1400 bu. of corn for $87;~> rash. 



Feb. 29. Other transactions ordinarily entered from tin 

 time as they arise, but summarized here for the purpose of re- 

 ducing details to a minimum, reunited in the following :i 

 gates: (The date Feb. 29, 1!H(5. may be used for all of these 

 transactions, since they were completed on a great number of 

 different dates throughout the year.) 



Paid cash for new equipment during the year, $80. 



Paid cash for sundry equipment repairs, $25.60. 



Paid $60 for mill feed. 



Paid $57 for various c\|M-n>e> in connection with horses, as 

 veterinary, service fees, shoeing, etc. 



Paid $185 for a mare. 



Paid $80 for one Angus bull. 



Paid $15 for various expenses in connection with cattle during 

 the year. 



Received $30 cash fnm sale of poultry during the year. 



Received $170 as commission for selling silos. (Cr. Silo Com- 

 mission Account.) 



Paid $10 for poultry feed. (This is charged direct to the 

 Poultry at time of purchase, since it is not fed to any other 

 animals. Accordingly, the feed record does not contain any 

 reference to the feeding of this special feed.) 



Paid $45 for extra labor during the year. (This requires 

 a debit to Labor at time of payment. The value of the work 

 of the extra help is distributed over the farm elements from 

 the labor record, the same as for regular help.) 



Paid $1350 to W. E. Reed to redeem notes without inter. 



Paid $307.50 to J. L. Mix to redeem note with interest. (Dr. 

 General Expense for the interest.) 



Paid $310 for household supplies, furnishings, clothing, and 





