32 FARM ACCOUNTING 



Team Use: Mdse. $6.20, Orchard $1, Small Fruit $2, Garden $3.50, Potato Crop 

 $5.50, Corn Crop $61.20. 



Journalize, post and take trial balance. 



Questions from Trial Balance. What is indicated by the fact that Poultry balance has 

 passed from the debit to the credit side ? What is indicated by the Labor balance? How 

 much has been invested in each of the general crops ? Why is the Merchandise balance re- 

 duced to so small an amount? 



MAY 



Reminder. — The headings in the summary books should be filled in by the bookkeeper to suit the titles 

 to which distribution is made in a given month. For example, during May, sales will be made of dairy, 

 poultry, and garden stuff. These should be represented by suitable columns in the sales summary. It is 

 impossible to print headings in these books to suit all accounts on all farms or on the same farm at different 

 seasons of the year. As these matters were fully explained in the January work, the student will not be re- 

 quired to repeat the process here. 



May 1. Herbert Jones delivered for credit on his account small fruit stock amounting to 

 $9.80 and special fertilizer for small fruit $10, orchard $5.20. (Charge departments.) 



May 2. Paid cash for telephone service $12, for record books and stationery $2.50, for 

 subscription to farm paper $2, for repair outfit $9.20, for lubricator $3. (Charge General Ex- 

 pense. Open an account with General Expense and Interest on page 20.) 



General Expense and Interest are usually given separate ledger titles in a mercantile business where 

 these accounts are likely to be active. In the present business the transactions involving these titles will seldom 

 occur, and for convenience in ledger and trial balance the titles will be combined. 



SUMMARIES MAY 31 



Merchandise Sales: For cash $42.60, E. A. Atkinson's acct, $13.75. 



Products: Dairy $29.40, Poultry $8.39, Garden Truck $16.20. 



Seed Used: Garden $2.35, Corn Crop $2.10. 



Feed: Chattels $15.80, Dairy $24.50, Teams $39.18, Hogs $56.80, Poultry $3.90. (Of 

 this amount $18 is for pasturage to be credited to Real Estate. The remainder credits to 

 Merchandise.) 



Labor Charge: E. A. Atkinson wages $60 and board of help $30, E. P. Johnson wages 

 $30, Jonas Overburg wages $25. 



Labor Distribution: Mdse. $1.35, Real Estate $12.89, Chattels $2.50, Dairy $10.50, 

 Teams $16.30, Hogs $9.95, Poultry $2.15, Orchard $2.50, Small Fruit .$7.58, Garden $9.55, 

 Potato Crop $8.30, Corn Crop $22.50. 



Team Use Distribution: Mdse. $2.10, Real Estate $4.40, Orchard $2, Small Fruit $4, 

 Garden Truck $4.50, Potato Crop $5.50, Corn Crop $32.80. 



Journalize, post and take trial balance. 



JUNE 



June 1. Jonas Overburg discontinued work yesterday evening. He will call to settle 

 his account later. 



June 5. Bought of A. A. Wells & Co., on account, for E. A. Atkinson, personal, mer- 

 chandise per bill $69.89. 



SUMMARIES JUNE 30 



Merchandise Sales: Hogs, dairy, poultry, small fruit and garden produce, as per sales 

 summary, $379.32 for cash with exception of $28.90 to E. A. Atkinson, on personal acct. 



• Products: Dairy $24.90, 20 Hogs 4725 lb. $283.50, Poultry $10.60, Small Fruit 

 $8.38, Garden $46.93. 



Feed: Chattels $6.95, Dairy $20.19, Teams $36.20, Hogs $49.15, Poultry $2.29. 

 (Credit all to Mdse. except pasture of 22 animals at $1 each to be credited to Real Estate.) 



Labor Charge: E. A. Atkinson wages $60 and board of help $15, E. P. Johnson wages 

 $30, cash paid for work in garden $30. 



Labor Distribution: Mdse. $10.30, Real Estate $4.60, Chattels $2.54, Dairy $9.57, 

 Teams $18.68, Hogs $6.40, Poultry $2, Orchard $2, Small Fruit $4.40, Garden $38.71, 

 Potato Crop $7.50, Corn Crop $21.60. 



Team Use Distribution: Mdse. $15.26, Orchard $4, Small Fruit $1.40, Garden $6.50, 

 Potato Crop $3, Corn Crop $28.76. 



Journalize, post and take trial balance. 



