48 BULLETIN 1150, U. S. DEPARTMENT OF AGRICULTURE. 
Debits. Credits 
IAQUEpMen E22 eer 2S 6 ST ae eg Be ee ST A O0Q 00 2 uno. Bd ree 
TNE GETS Sa aaa Say ey $300. 00 
Toss aad. areny SFE ASS ESE ASE Ss PERS Do eek ee 18. 00 
Net twOPrth areas Sir eS Sa es es & peks Reese tes pester > 400. 00 
1 009 0 IS, eee nee Seas meet eet ae 2c YT 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 Brookridge Cooperative Shipping 
Association November 1, 1921. 
Resources. Liabilities. 
Cashwees. ee eal eee eC OES, $576, 02" | Notes. payable. 2 =) ee $300. 00 
Hquipment 28052 3 Fs bei 1,000! 004 | Insurance® fund se tee Se ae 799. 51 
—————— | Federation dues______________ 55. 00 
PROUD ee cere ee Scan ays 1,576. 02 | Undivided balance____________ Sy a! 
Net worth 
Capital stock paid in_________ 400. 00 
TOSS) er ter ata eee ees 18. 00 
Nota a ee 1, 576. 02 
November 1. é 
(1) The board of directors has approved both the trial balance and the state- 
ment of resources and liabilities 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. 111; check No. 101, 
for $4. 
November 2. 
(3) Received from Cooperative Commission Co. proceeds of shipment No. 111, 
$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. 111 as per home statement on the ship- 
ment record envelope for this shipment. 
Accounts debited. Accounts credited. 
THVGS StOC: 0 ts eee ae 1 EE $1°452. 73) |" Bank f(cheeks? 12) eet ee ae $1, 430. 03 
——————— | Manager’s commission ________ 9. 54 
SO Ea eee ee ee Boe Pace £452.73 msuranee = funde. 2 Se eee 7.78 
Local car expense____________ 4, 00 
Mederation “duess2= 22) a es . 59 
Undivided balance—gain_______ . 88 
| MO ta] Se ek ae ee L455 27S 
(7) Paid Jno. Clark, manager, commission for shipment No. 111, check 
No. 104, $9.54. 
November 4. 
(8) Paid Blank State Bank $200 note with interest $16, check No. 105, 
$216. 2 
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. 
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