﻿48 



BULLETIN 1150, U. S. DEPARTMENT OF AGRICULTURE. 



Debits. 



Equipment $1,000. (X) 



Indebtedness 



Loss and ^airi 



Net worth — 



Credits. 



~~$3odroo 



IS. 00 

 400.00 



Total 348,504.17 348,504.17 



The condition of the business affairs is revealed by the following 

 statement of resources and liabilities constructed from the balances in 

 each of the foregoing: accounts: 



Statement of Resources and Liabilities of the Brookrirtye Cooperative Shipping 

 Association November 1, 1921. 



Resources. 



Cash $576. 02 



Equipment 1, 000. 00 



Total 1,576.02 



Liabilities. 



Notes payable 



Insurance fund 



Federation dues 



Undivided balance 



Net worth. 



Capital stock paid in 



Loss and gain 



$300; 00 



799. 51 



55.00 



3.51 



400. 00 

 18.00 



Total 1, 576. 02 



November 1. 



(1) The board of directors has approved both the trial balance and the state- 

 ment of resources and liahilities constructed from it. The cash journal will, 

 therefore, be opened by entering in each account therein the accumulated debits 

 and credits given in the foregoing trial balance. 



(2) Paid Jones Feed Store for feed for shipment No. Ill; check No. 101, 

 for $4. 



November 2. 



(3) Received from Cooperative Commission Co. proceeds of shipment No. Ill, 

 $1,452.73. 



(4) Paid Bell Telephone Co. November telephone bill, check No. 102, $2.50. 



(5) Paid Eureka Printing Co. for cash journal binder $5 and stationery $5, 

 check No. 103, $10. (The permanent binder should be debited to the yard and 

 office equipment account and the stationery to general expense.) 



November 8. 



(6) Settlement for shipment No. Ill as per home statement on the ship- 

 ment record envelope for this shipment. 



Accounts debited. 

 Live stock $1,452.73 



Total 1,452.73 



Accounts credited. 



Bank (checks 1-2) $1,430.03 



Manager's commission 9.54 



Insurance fund 7. 78 



Local car expense 4. 00 



Federation dues . 50 



Undivided balance— gain . 88 



Total 1, 452. 73 



(7) Paid Jno. Clark, manager, commission for shipment No. Ill, check 



No. 104, $9.54. 



November J t . 



(8) Paid Blank State Bank $200 note with interest $16, check No. 105, 

 $216. 



November 5. 



(9) Paid Smith Hardware Store for rope for shipment No. 112, check No. 

 106, $1. 



(10) Paid Farmer's Elevator Co. 40 bushels of corn, check No. 107, $20. 



November 6. 



(11) Received from Cooperative Commission Co., proceeds from shipment 

 No. 112, $1,406.05. 



