LIVE-STOCK SHIPPING ASSOCIATIONS. 49 
November 7. 
(12) Paid Tribune Printing Co. for advertising circulars, check No. 108, $4. 
(18) Paid Nationai 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. Accounts credited. 
WUVCi SLOG ae Mo ee ee $1, 406, 05.4).;Banky (checks 3—4)—_-_ $1, 408. 17 
Insurance fund (losses paid)__ 25. 75 | Manager’s commission ________ 10, 11 
Undivided balance loss_______-__ 4 Insurance) fun Gecueneoe enea, 2 eae 7. 66 
——_———— |} Local car,expense___.__--=___ 3. 50 
CL EET EG | oa nh pt a en 1, 451. 94 | Kederation dues.__ 2-2 ee . 00 
Loss and gain (membership 
PEGS), LATS Cea Tee eee 2.00 
Total Se 2 ee ee ae 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. 
TEES T. RA Ge aie aad Sea Be NT ASS ae arma al eon is CO ar $18, 654. 75 $18, 760. 33 
VOR GIS ETE Se te Ea ali Sain i eg np el RE 18, 654. 75 18, 654. 75 
Mes SCE SCOMIUSSI OIL ae ee eee 249. 66 249. 66 
) SSPE A GG: oS RU TTNG ata Se SR ln at) ep a ean 236. 65 i DA ey 
eae MRR ORGICH SO era re te ee 60. 79 60. 79 
LEGS STE FG GING LES ago a A a i a dg lit ee RD 6. 50 
Mininvicied DO dlanees ee se ee OE ee Pek 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 100. 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. Liabilities. 
Yard and office equipment_____ Si 200,00) |): bank OVerdral =.= ase $63. 52 
Prepaid expense (feed) __-___ 17350 -\t Notes! payables 2:18. J = 100. 00 
Due Jno. Clark, manager______ 10. 11 
insirance “rand 45202 eee 674. 07 
Hederatian, duess2 2 tere ee 62. 50 
Emndivided, balance: === === 7. 30 
Net worth. 
Capital stock paid in_ scaght 00 
Less loss and gain___ 45. 00 
355. 00 
SO Gibbet aes arit et Jott P2200 Wotaliies te Vi Ie Sas 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. 
