BOOKKEEPING FOR GRAIN ELEVATORS. 



Cleaning (LS). 



(See account No. L2.) 



Storage {L4). 



27 



Debit: 



1. At the beginning of the fiscal period 



with the amount of a ccrued storage 

 at the close of the previous period. 

 (Credit accrued storage.) 



2. At the close of the period with the 



credit balance. (Credit Loss and 

 Gain.^ 



Credit: 



1 . Monthly with the total of the storage 



column on the Record of Grain 

 Purchases. 



2. At the close of the fiscal period 



with the accrued storage on out- 

 standing storage tickets. 



Discount Received {L5). 

 (See account No. L2.) 



Expense Accounts, 

 m. operating expense. 

 Salaries and Labor (Ml). 



Debit: 



Credit: 



1 . With the amounts paid to employees. 



1. At the beginning of the fiscal period 



2. With the accrued labor at the close 



with the accrued salaries and labor 



of the fiscal period. (Credit Ac- 



at the close of the previous fiscal 



crued Salaries and Labor.) 



period. (Debit Accrued Salaries 





and Labor.) 





2. With the debit balance at the close 





of the fiscal period. (Debit Loss 





and Gain.) 



Heat, Light, and Power {M2). 



Debit: 



Credit: 



1. With invoices paid. 



1. With the debit balance at the close 





of the fiscal period. (Debit Loss 





and Gain.) 



Repairs (MS). 



Debit: 



Credit: 



1. With the cost of repairs and renewals 



1. 



With the debit balance at the close 



which are neceesary to maintain 





of the fiscal period. (Debit Loss 



the efficiency of the plant but 





and Gain.) 



which do not add to its original 







value. 







This account takes care of such items as a broken window pane, a new plank in 

 the approach, or a new cup. Where an entire piece of equipment is replaced, the 



