CLASSIFICATION OF LEDGER ACCOUNTS FOR CREAMERIES. 29 
TELEPHONE, TELEGRAPH, AND PostTaGE (N 2). 
DEBIT: CREDIT: 
1. With the total amount expended | 1. With the debit balance at close of 
during the period for items of post- the fiscal year. (Debit Loss and 
Vo age, telegraph, telephene, and Gain.) 
messenger fees. 
OFFICE SALARIES (N 38). 
DEBIT: CREDIT: 
1. With any amount actually earned 1. With the debit balance at close of 
by office employees applying to the fiscal year. (Debit Loss and 
the period covered by the pay roll. Gain.) 
(Credit Payroll account.) 
cy For further discussion on handling this account, see Labor Expense and the com- 
ments under Payroll. . 
; OrricE Suppuiss (N 4). 
DEBIT: CREDIT: 
1. At the close of the period with the 1. With the debit balance at close of 
estimated amount of printing, sta- the fiscal year. (Debit Loss and 
tionery, and supplies consumed. Gain.) 
(Credit Printing and Stationery 
Inventory.) 
2. With the cost of current purchases 
of small supplies. 
As it is impracticable to determine the exact amount consumed periodically, a 
iberal estimate of the consumption, rather than an attempt at actual inventory, should 
| be charged to this account. 
Taxes (N53). 
DEBIT: ; CREDIT: 
1. At the close of the period with the 1. With the debit balance at close of 
‘proportion of the annual tax the fiscal year. (Debit Loss and 
chargeable to the pertod. (Credit Gain.) 
Taxes Accrued.) 
| 
INSURANCE (N6). 
‘3 
; DEBIT: CREDIT: 
| 1. At the close of the period with the | 1. With the debit balance at close of 
! : proportion of the annual amount the fiscal year. (Debit Loss and 
chargeable to the period. (Credit Gain.) 
Prepaid Insurance.) 
