10 



BULLETIN 381, U. S. DEPAKTMENT OF AGRICULTUEE. 



Dividend Register (Form 12). The Membership Ledger is a classi- 

 fication of the information found in the Certificate Register under 

 the several membership accounts. The ordinary form of- Stock 

 Ledger on the market is not convenient because of the trade-dividend 

 feature noted above; hence the special form shown in Form 6 is 

 recommended. 



INTEREST AND DIVTOEND ACCOUNT. 



Most cooperative stores pay interest on their share capital, and 

 their aim is to pay dividends on the purchases. After the total 

 interest or dividends has been ascertained and declared by the board 

 of directors a check for the amount is drawn and recorded in the 

 Cash Book. This check should be deposited to the credit of a special 

 Dividend Account. Dividend checks are drawn for the amounts due 

 members and listed in the Trading Summary and Dividend Register. 



Form 7.— MANAGER'S REPORT. 



December 31, 1915. 

 PART I.— BALANCE SHEET. 



RESOURCES: 



Exhibit. 











U 



Cash on Hand 



A 



150 00 









2 

 3 



Cash in Bank 

 Accounts Receivable 



A 

 B 



2, 240^00 



2,390 



00 





7, 500 100 







4 

 5 



Less Reserve for Bad Debts 

 Bills Receivable 



C 



350 00 



7, 15000 





2,300 00 



j 







6 



7 



Stock Notes Receivable 

 Accrued Interest 



D 

 C 



3, 240 00 



5,540 00 



1 









3100 



1 





8 



Merchandise Inventory 



E 







14,900 00 



1 





9 



Office Supplies 



F 







20 00 



1 





10 



Furniture & Fixtures 



G 



1,560 



00 









11 

 12 



Less Reserve for Depreciation 

 TOTAL RESOURCES 





285 



00 



1,275 00 









31,306 00 



LIABII 



.ITI 



ES: 















13 



Accounts Payable 



H 







1, 600 00 





14 



Bills Payable 



I 







1,900 00 





15 



Accrued Interest 



I 







2100 





16 



Coupons Outstanding 









150 



00 





17 



Capital Stock 









15, 350 



00 





18 



Surplus Jan. 1, 1915 





9,055 



00 









19 

 20 



Net Profit for Year 



Less Interest on Stock 657. 00 





6,032 00 









15,087 



00 







21 

 22 



23 



Less Dividends Paid 2, 145. 00 





2,802 



00 



12,285 







Surplus December 31, 1915 



TOTAL LIABILITIES 







00 





31,306 



00 



iPor explanation of the item, see the corresponding numbers beginning on p. 36. 



