CHAPTER XTX. 



FARM ACCOUNTS. 



No farmer can know just where he stands financially 

 unless he keeps an accurate account of his daily, weekl}-, 

 monthly, and yearly business transactions. A farm ac- 

 count book is a matter of economy and satisfaction. It is 

 a protection in case of dispute or death. It assists a 

 farmer to become quick and accurate in figures and in- 

 creases his knowledge of business methods. It gives him 

 positive knowledge, and consequently his opinions have 

 greater weight than the opinions of those who merely 

 guess. 



Farm inventory. An inventory is a detailed account 

 or schedule of the farm and wdiat is on it. This includes 

 land, stock, machinery, tools, hay and grain, household 

 goods, notes, cash, accounts against others, and all prop- 

 erty having money value. 



869. A certain farm consisting of 75 acres of land is 

 worth $125 an acre. The other assets are as follows: 

 Two horses, w^orth $185 each; two horses, worth $130 

 each ; six cows, average value $60 ; three brood sows, 

 $20 each ; 30 sheep. $8 each ; 150 hens, $1 each ; corn in 

 crib, 400 bushels at 60 cents a bushel; 320 bushels of 

 wheat, $1 a bushel ; 16 tons of hay at $10 a ton ; one two- 

 horse wagon, $75 ; one Avheat harvester. $100 ; one corn 

 planter, $30 ; one bugg}% $60 ; 2 plows, $8 each ; 4 single 

 cultivators, $4 each ; other farm machines and tools, $550. 

 Arrange the inventory by schedule and indicate the total 

 assets. 



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