Journal Used by Baum'st the Items Being> of Course, Fictitious as Here Given. 



they will presumably be collected or 

 converted into cash. 



Cash on Hand represents the money 

 in cash drawer or safe at the time books 

 were closed. 



Petty Cash we operate under the im- 

 prest system, keeping in the cash drawer 

 at all times in actual cash, or proper 

 receipts or cash tickets, the specific sum 

 called for by the Petty Cash fund ac- 

 count in the general ledger. This cash 

 is used for making change; however, 

 small expense items are paid from it 

 during the day to save writing so many 

 checks, but the account is reimbursed 

 at the beginning of a new day. 



Bank Balance represents the amount 

 to the credit of our account at the bank, 

 according to our books. 



Savings represents the amount to our 

 credit in our Savings account. 



Accounts Receivable represents the 

 amount due us from our customers. 

 Note that these are separated into four 

 classes, retail, agents, F. T. D. and 

 wholesale. 



Bills Receivable represents the amount 

 due us from customers or others for 

 which we hold notes due on a specific 

 date. 



Stocks and Bonds represents the stock 

 held in other enterprises and Liberty 

 bonds, etc., on hand. 



Merchandise Inventory represents the 

 cost value of the merchandise and sup- 

 plies in stock at the end of the period; 

 such as ribbons, chiffons, baskets, pre- 

 pared stock, designs, shipping boxes, 

 etc. 



Growing Assets. 



Farm Inventory represents the value 

 of growing crops at the farm, such as 

 gladioli, lilies, eannas, dahlias, asters, 

 etc. Wo clo.se our ycitr May 31, which 

 makes it rather difficult to place a valua- 

 tion on growing crops. It has been our 

 custom to list such items at the value 

 of the bulbs and seed when planted, 

 without taking into consideration the 

 expense incurred in growing the crop 

 up to this time. This method is consist- 

 ent when practiced in the same manner 

 e.nch year. 



Cireenhoust' Inventory represents the 



value of greenhouse stock at the close 

 of the period, taken according to what 

 such stock would sell for on the whole- 

 sale market. 



Fixed Assets. 



Real Estate and Greenhouses repre- 

 sents the cost or fixed value of land, 

 buildings and greenhouses. 



Auto Trucks represents the cost price 

 of all delivery and drayage equipment 

 used in connection with the business. 



Furniture and Fixtures represents the 

 cost of all store furniture and equip- 

 ment, such as desks, show cases, refrig- 

 erators, wall cases, work tables, file^ 

 etc. 



Farm Equipment represents the cost 

 of live stock, machinery and equijiment 

 used at the farm. 



Depreciation Reserve represents the 

 amount charged off for depreciation 



from time to time. We charge off twenty- 

 live per cent on the cost of delivery 

 trucks and equipment, and ten per cent 

 on the cost of buildings, greenhouses, 

 furniture and fixtures and farm equip- 

 ment. This amount deducted from the 

 cost price of these items gives the pres- 

 ent or depreciated value. 



Deferred Asset>s. 



Remodeling Store represents an item 

 of expense covering an improvement to 

 the interior of the store to last for sev- 

 eral years, the entire cost of which it 

 was not permissible to charge against 

 one year's business. 



Office Supplies Inventory represents 

 the unused office supplies on hand. 



Advertising Inventory represents un- 

 used advertising, such as direct-by-mail 

 inserts, price list stock, etc. 



Greenhouse Coal represents the coal 



Table No. 1. 



