CLASSIFICATION OF LEDGEK ACCOUNTS FOR CREAMERIES. 29 



Telephone, Telegraph, and Postage (N 2). 



Debit: 



Credit: 



1. Willi the total amount expended 



1. With the debit balance at close of 



during the period for items of post- 



the fiscal year. (Debit Loss and 



age, telegraph, telephone, and 



Gain.) 



messenger fees. 





Office Salaries (N 3) 



Debit: 



1. With any amount actually earned 

 by office employees applying to 

 the period covered by the pay roll. 

 (Credit Payroll account.) 



Credit: 



1. With the debit balance at close of 

 the fiscal year. (Debit Loss and 

 Gain.) 



For further discussion on handling this account, see Labor Expense and the com- 

 ments under Payroll. 



Office Supplies (N 4). 



Debit: 



Credit: 



1. At the close of the period with the 



1. With the debit balance at close of 



estimated amount of printing, sta- 



the fiscal year. (Debit Loss and 



tionery, and supplies consumed. 



Gain.) 



(Credit Printing and Stationery 





Inventory.) 





2. With the cost of current purchases 





of small supplies. 





As it i3 impracticable to determine the exact amount consumed periodically, a 

 iberal estimate of the consumption, rather than an attempt at actual inventory, should 

 be charged to this account. 



Taxes (N5). 



Debit: 



Credit: 



1. At the close of the period with the 



1. With the debit balance at close of 



proportion of the annual tax 



the fiscal year. (Debit Loss and 



chargeable to the period. (Credit 



Gain.) 



Taxes Accrued.) 





Insurance (N6). 



Debit: 



Credit: 



1. At the close of the period with the 



1. With the debit balance at close of 



proportion of the annual amount 



the fiscal year. (Debit Loss and 



chargeable to the period. (Credit 



Gain.) 



Prepaid Insurance.) 





