FARM ACCOUNTING 



17 



Jonas Overburg's report: 



Labor — 6y 2 hr. self and team delivering merchandise, iy 2 hr. in care of poultry, 2 hr. 

 in care of teams. 



Product — 41 eggs gathered. 



Dealings — Sold A. A. Wells & Co., on acct, 250 hd. cabbage @ 6 cts. Sold milk tick- 

 ets (16 gal.) for cash $4. 



ENTRIES 



This completes the week's transactions. Count the cards turned in. Are there twenty- 

 one ? Before making any entries in the summary sheets enter on the cards the wage value of 

 the time spent correct to the nearest cent. Atkinson 24 cts. per hour, Johnson 18 cts.. Over- 

 burg 14 cts., team 20 cts. Refer to the wage card in making up the distribution of labor 

 expense on each item. Then enter the results shown on the Labor Summary and Team Use 

 Summary and the product on the Product Summary. Having distributed the above three 

 items, check back journal entries of the transactions which you have made with the entries 

 appearing on the back of the cards. 



When the entries have been verified, use pencil footings to show the journal in balance. 

 The correct footings for the six columns in their order are $150.78, $29.40, $4672.72, 

 $4615.91, $204.99, $32. Add the debit and credit footings to see if their totals are equal. 

 Subtract the cash credit column from the cash balance shown in last balance book plus debit 

 cash column of journal. After proving the footings, post all entries found in the general 

 debit and credit columns. 



JANUARY 8 



E. A. Atkinson's report: 



Labor — 2 hr. in care of hogs: 

 E. P. Johnson's report: 



Labor — 6 hr. in dairy. 



Product— 27 gal. milk. 

 Jonas Overburg's report: 



Labor — 3 hr. self and team delivering milk, 3 hr. in care of poultry, 2 hr. in care of 

 teams. 



Product — 32 eggs gathered. 



JANUARY 9 



E. A. Atkinson's report: 



Labor — 4 hr. self and team getting out wood, 4 hr. self and team delivering posts, 3 hr. 

 in care of hogs. 



Product — 29 posts. 



Dealings — Sold for cash 100 posts at 21 cts. 



