26 



FARM ACCOUNTING 



wheat and the value of the feed taken out. ) Bought of A. A. Wells & Co. on Atkinson's 

 account 1 pair of gloves at 80 cts., for Johnson's personal use. 

 Jonas Overbuy g's report: 



Labor — 5 hr. self and team delivering merchandise, ^2 hr. in care of hogs, 1 hr. in care 

 of poultry, 2 hr. in care of teams, \y 2 hr. work for Mr. Atkinson. 



Product — 22 eggs gathered. 



Dealings — Sold Mrs. Jane Cramer, on acct, milk tickets (4 gal.) $1. Sold milk tickets 

 (32 gal. @ 25 cts.) for cash and reports cash $6.75. Sold Goldleaf Creamery Co., on acct., 

 18 lb. butter fat @ 27 cts. 



Enter last three days, which close the month, on the same plan as the preceding weekly 

 reports. 



CLOSING THE MONTH 



Cash: Mr. Atkinson, who is assumed to have charge of the cash, finds that the stub of 

 his bank check book shows that his cash balance in the bank is $495.67 and he has cash in 

 pocket $61.19, making total cash $ The cash carried over from last month (see 



trial balance book), plus the debit cash footing of the current month, less the credit cash 

 footing equals $ showing the actual cash on hand short $ Charge the 



shortage to E. A. Atkinson's personal account and credit cash. 



Products: From the products summary compute the totals of the different columns at 

 farm prices : Milk at 16 cts. per gal., Eggs at 26 cts. per doz., Wood at $5 per cord, Posts 

 at 18 cts. each, Hogs at $7.55 per cwt. Charge their total to Mdse. (general column) and 

 credit the respective accounts affected; i. e., Real Estate, Dairy, Hogs, and Poultry. (In 

 charging and crediting departments from the summaries, enter the titles in the order of the 

 ledger accounts for convenience in posting. See model.) 



Feed: E. P. Johnson turns in feed ticket for the month which reads as follows : 



Business Dealings 



CrfZ^^^/. 191 



/q O - ^^/St^nS* j&£^?-4Jt4 



J?/7 -A-ccS ^^t*/ 



2<3 



<^ju<y "S^i^?y 



Jk 



^s. 



< ^^^^/_ 



k3_% ^^^zy'-^^-z^-^^^^^. 



T^-^y^>^y 



- Q^^-tg^^lgV -J-^-t^ryt^ /TLiz^^LeS 



/ 



Za. 



Estimate the feed used at inventory prices. 



Overburg turns in a feed ticket as follows : 



Feed for horses for month: Timothy hay 3100 lbs., Prairie hay ^2 ton, corn 25 bu., 

 oats 35 bu. Sundries from mdse. $3. 



Feed of Poultry charged with inventory No. 38 in full. 



Mr. Atkinson makes out the following ticket : 



Feed of Chattels for month: Prairie hay V/\ tons, Clover ^ ton, Corn 20 bu., Oats 

 10 bu. Feed of hogs for month : Corn 65 bu., Oats 30 bu., skim milk 330 gal. at 5 cts. 



Journalize as in model. 



Labor Charge: Atkinson also makes a ticket crediting E. A. Atkinson y 2 month 

 wages, Johnson full month and Jonas Overburg full month at the prices agreed upon which 

 are (or should be) noted in their ledger accounts. On the same ticket he enters a memo, 

 "Labor acct. Dr. to E. A. Atkinson, Personal, board Johnson and Overburg 1 month $30." 



Labor Distribution: Foot the labor summary and charge each department according 

 to headings crediting Labor with entire amount as in model. 



