﻿LIVE-STOCK SHIPPING ASSOCIATIONS. 



49 



November 7. 



(12) Paid Tribune Printing Co. for advertising circulars, check No. 108, $4. 



(13) Paid National Surety Co. for premium on manager's bond; check 

 No. 109, $37.50. 



(14) Settlement for shipment No. 112. (See shipment record envelope on 

 p. 10 for this shipment). 



Accounts debited. 



Live stock $1, 406. 05 



Insurance fund (losses paid) 25.75 



Undivided balance loss . 14 



Total 1, 431. 94 



10. 



11 



7. 



W 



3. 



50 





50 



2. 



00 



Accounts credited. 

 Bank (checks 3-4) ._ $1,408.17 



Manager's commission 



Insurance fund 



Local car expense 



Federation dues 



Loss and gain (membership 

 fees) 



Total 1, 431. 94 



November 25. 



(15) Paid United States Office Equipment Co. for Burroughs adding machine 

 No. 36980, check No. 110, $250. 



(16) In order that the cash journal may show the results of all shipments 

 made during November, as recorded in the shipment summary record, ship- 

 ments No. 113 to No. 122 will, for the purpose of this illustration, be entered 

 in summary form. It will be assumed that the manager's commission and 

 the local car expenses have been paid in full for these shipments. The debits 

 and credits arising from these transactions are as follows: 



Debits. Credits. 



Bank $18, 654. 75 $18, 760. 33 



Livestock 18,654.75 18,654.75 



Manager's commission 249.66 249.66 



Insurance fund 236.65 121.52 



Local car expense 60. 79 60. 79 



Federation dues '. 6. 50 



Undivided balance 2.31 5.36 



37, 858. 91 37, 858. 91 



Total all columns at the end of the month, entering all of the 

 amounts on the same line. See Figure 8 on page lOh. If the debits 

 and credits arising from each transaction have been correctly en- 

 tered, the sum of the debit totals at the end of the month should 

 equal the sum of the credit totals. 



A statement of resources and liabilities based on the balances in 

 the different accounts at the end of November appears as follows : 



Statement of resources and liabilities, November 31, 1921. 



Resources. 



Yard and office equipment $1, 255. 00 



Prepaid expense (feed) 17.50 



Total 1, 272. 50 



Liabilities. 



Bank overdraft 



Notes payable 



Due Jno. Clark, manager 



Insurance fund 



Federation dues 



Undivided balance 



Net worth. 

 Capital stock paid in_ $400. 00 

 Less loss and gain 45. 00 



$63. 52 

 100. 00 



10. 11 

 674. 07 



62.50 

 7. 30 



355.00 



Total 1, 272. 50 



December 1. 



(17) Received in cash $40 from 40 new members, as per the minutes of the 

 November 31 meeting of the Board of Directors. 



