288 



FARM ARITHMETIC. 



How to arrange inventory : 



Inventory, January 1, 1914. 



75 acres with improvements, $125.00 an acre 

 2 horses, $185.00 each 



2 horses, $130.00 each 



6 cows, $60.00 each 



3 brood sows, $20.00 each 



30 sheep, $8.00 each 



150 hens, $1.00 each 



400 bushels corn, $0.60 a bushel 



320 bushels wheat, $1.00 a bushel 



16 tons hay, $10.00 a ton 



1 two-horse wagon 



1 wheat harvester 



1 com planter 



1 buggy 



2 plows, $8.00 each 



4 cultivators, $4.00 each 



Other farm machines and tools 



$9,375.00 



370.00 



260.00 



360.00 



60.00 



240.00 



150.00 



240.00 



320.00 



160.00 



75.00 



100.00 



30.00 



60.00 



16.00 



16.00 



550.00 



Total $12,382.00 



Liabilities. The liabilities or debts — that which is 

 owed on mortgages, notes, accounts, etc. — should also be 

 listed. The difference between one's assets and liabilities 

 is what he is worth. A new inventory should be made out 

 each year. By comparing these inventories year by year 

 one can tell whether his property is increasing or decreas- 

 ing in value — whether he is accumulating wealth or is 

 running behind. 



870. Alake out an inventory as indicated in problem 

 869, itemizing the assets of your father's farm or some 

 other farm in your community. 



Keeping a record of receipts and disbursements. 



Provide a ruled blank book of reasonable size. Use 

 the first pages for the inventory. Where this leaves 

 off turn a page, marking at the top, the word "Re- 

 ceipts" ; and on the opposite page at the right the word, 

 "Expenditures." As money is paid out or received in 

 cash, enter it on the book by date and amount. Do this 

 to the end of the month, and then balance the account. 



