BOOKKEEPING FOE GRAIN ELEVATORS. 
Cleaning (L3). 
(See account No. L2.) 
Storage (L4). 
27 
Debit: 
Credit: 
1. At the beginning of the fiscal period 
1. Monthly with the total of the storage 
with the amount of accrued storage 
column on the Record of Grain 
at the close of the previous period. 
Purchases. 
(Credit accrued storage.) 
2. At the close of the fiscal period 
2. At the close of the period with the 
with the accrued storage on out- 
credit balance. (Credit Loss and 
standing storage tickets. 
Gain.) 
Discount Received (L5). 
(See account No. L2.) 
Expense Accounts, 
m. operating expense. 
Salaries and Labor (Ml). 
Debit: 
Credit: 
1 . With the amounts paid to employees. 
1. At the beginning of the fiscal period 
2. With the accrued labor at the close 
with the accrued salaries and labor 
of the fiscal period. (Credit Ac- 
at the close of the previous fiscal 
crued Salaries and Labor.) 
period. (Debit Accrued Salaries 
and Labor.) 
2. With the debit balance at the close 
of the fiscal period. (Debit Loss 
and Gain.) 
Heat, Light, and Power (M2). 
Debit: 
Credit: 
1. With invoices paid. 
1. With the debit balance at the close 
of the fiscal period. (Debit Loss 
and Gain.) 
Repairs (MS). 
Debit: 
Credit: 
1. With the cost of repairs and renewals 
1. With the debit balance at the close 
which are necessary to maintain 
of the fiscal period. (Debit Loss 
the efficiency of the plant but 
and Gain.) 
which do not add to its original 
value. 
This account takes care of such items as a broken window pane, a new plank in 
the approach, or a new cup. Where an entire piece of equipment is replaced, the 
