10 
BULLETIN 381, U. S. DEPARTMENT OF AGBICTJLTUBE. 
Dividend Register (Form 12). The Membership Ledger is a classi- 
fication of the information found in the Certificate Register nnder 
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 DIVIDEND 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 hi 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 hi the Trading Summarv and Dividend Register. 
Form 7.— MANAGER'S REPORT. 
December 31, 1915. 
PART I.— BALANCE SHEET. 
RESOURCES: 
Exhibit. 
11 
Cash on Hand 
A 
150 00 
2 
Cash in Bank 
A 
2, 240 00 
2,390 00 
3 
Accounts Receivable 
B 
7.500 00 
4 
5 
Less Reserve for Bad Debts 
Bills Receivable 
C 
350 00 
7, 150 00 
2,300 00 
6 
: 
Stock Notes Receivable 
Accrued Interest 
D 
C 
3. 240 00 
5, 540 00 
3100 
8 
Merchandise Inventorv 
E 
14,900 00 
9 
Office Supplies 
F 
20 00 
10 
Furniture & Fixtures 
G 
1,560 00 
11 
12 
Less Reserve for Depreciation 
TOTAL RESOURCES 
285 
1, 275 00 
31,306 
LIABII 
JTI 
ES: 
13 
Accounts Payable 
H 
1.600 00 
U 
Bills Payable 
I 
1 
1,90000 
15 
Accrued Interest 
I 
21 F 00 
16 
Coupons Outstanding 
15000 
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 1 
21 
22 
23 
Less Dividends Paid 2. 145. CO 
2.802 00 
12, 285 
Surplus December 31, 1915 
TOTAL LIABILITIES 
00 
31, 306 '00 
i 
For explanation of the item, see the corresponding numbers beginning on p. 36. 
