34 FARM ACCOUNTING 



Team Use Distribution: Mdse. $21.60, Garden $1.50, Potato Crop $31. 

 Journalize, post and take trial balance. 



SUMMARIES OCTOBER 31 



Merchandise Sales: $228.90 (cash $168.50, E. A. Atkinson's acct, the remainder.) 



Products: Dairy $35.30, Poultry $10.49, Garden Truck $16.20, 600 bu. corn @ 40 

 cts. 



Feed: Chattels $20.66, Dairy $19.44, Teams $32.58, Hogs $23.51, Poultry $4.20, 

 (Mdse. except $21 pasturage and roughage.) 



Labor Charge: E. A. Atkinson wages % month $40 and board help $15, E. P. John- 

 son wages $30. i • 



Labor Distribution: Mdse. $12.50, Real Estate $14.30, Chattels $5?20, Dairy $10.20. 

 Teams $12.50, Hogs $8.31, Poultry $3.25, Orchard $36 cts., Corn Crop .'$18. 



Team Use Distribution: Mdse. $16.60, Corn Crop $20. f 



Journalize, post and take trial balance. 



SUMMARIES NOVEMBER 30 



Merchandise Sales: $181.60 (cash $157.90, E. A. Atkinson's acct. charged with re- 

 mainder.) 



Products: Dairy $36.70, Poultry $13.70, 1600 bu. corn @ 40 cts., and 40 acres stalks 

 @ 75 cts. left on ground. 



Feed: Chattels $20.81, Dairy $20.19, Teams $37.27, Hogs $25.60, Poultry $4.20. 

 (All Mdse. except $16 roughage.) 



Labor Charge: E. A. Atkinson wages $60, board help $15; E. P. Johnson wages $30. 



Labor Distribution: Mdse. $8, Chattels, $6.25, Dairy $12.30, Teams $12.80, Hogs 

 $9.15, Poultry $6.21, Corn Crop $48. 



Team Use Distribution: Mdse. $10.20, Corn Crop $53.30. 



Journalize, post and take. trial balance. 



DECEMBER 

 Dec. 30. Paid the semi-annual interest on loan due Jan. 1. 



SUMMARIES DECEMBER 31 



Merchandise Sales: $78.10 (cash $52.20, E. A. Atkinson remainder..) 



Products: Dairy $38.30, Poultry $18.40. 



Feed: Chattels $21.60, Dairy $21.14, Teams $30.62, Hogs $26.40, Poultry $4.70. 

 (Of this $12 is roughage.) 



Labor Charge: E. A. Atkinson bill for board of Johnson $15, E. P. Johnson wages 

 $30. 



Labor Distribution: Mdse. $3, Chattels $6.25, Dairy $12.30, Teams $12.50, Hogs 

 $8.40, Poultry $6.21. 



Team Use Distribution: Mdse. $4. 



Journalize, post and take trial balance. 



STATEMENT OF THE BUSINESS 



It is now desirable to make a general statement of the business, so arranged as to show 

 -resources and liabilities, and losses and gains of the year. The first step is to take an Inven- 

 tory of property on hand like the one recorded Jan. 1, of this year. The student can make 

 the required statement from the data given below. 



Merchandise — There is on hand the following: 15 tons timothy hay @ $6, 10 tons 

 clover hay @ $6, 2000 bu. corn @'40 cts., 2300 bu. oats @ 30 cts., 370 bu. wheat @ 90 

 cts., making a total value of $1973. 



Real Estate — The various outlays for the maintainance of the real estate have kept the 

 soil and buildings unimpaired in value. Hence, items Nos. 1 to 7 of the first inventory will 

 be re-entered at the valuation $20736.50. 



Chattels — The unclassified animals have increased in number and value being now worth 

 $600. 



