24. 
BULLETIN &65, U. S. DEPARTMENT OF AGRICULTURE. 
BUTTERMILK SALES (J 5). 
DEBIT: 
1. With the sale value of any butter- 
milk that may be returned by a 
customer. 
2. With the balance at the close of the 
fiscal year. (Credit Loss and 
Gain.) 
CREDIT: 
1, At the close of the period, with the 
total sales during the period. 
K. MISCELLANEOUS INCOME. 
MERCHANDISE SALES (K 1). 
DEBIT: 
1. With the sale value of any merchan- 
dise that may be returned by a 
customer. 
2. With the balance at the close of fis- 
cal year. (Credit Loss and Gain.) 
This account is to take care of sales of miscellaneous merchandise, such es eggs,. 
grain, etc. 
CREDIT: 
1. At the close of the period, with the 
total sales during the period. 
The credit balances of all Sales eccounts should be credited to Loss and Gain et the 
close of the fiscal year, thus closing the Sales accounts. 
Any sales to patrons of supples, packages and liners, salt, ice, or other merchandise, 
which are used in the manufacture, packing, or shipping of products should be cred- 
ited to the Inventory accounts affected, and debited to Patrons’ Accounts Receivable. 
Discount ReEcEIvED (K 2). 
DEBIT: 
1. With the credit balance at the close 
of the fiscal year. (Credit Loss 
and Gain.) 
CREDIT: 
1. With any income arising from cash 
discounts deducted from invoices 
paid. 
EXPENSE ACCOUNTS. 
L. RAW MATERIAL. 
Butter Fat PurcwHases (L 1). 
DEBIT: 
1. With the amount to be paid to the 
patrons for butter fat delivered 
during the period. 
CREDIT: 
1. With the amount of undistributed 
balance. 
2. With the debit balance at the close 
of the fiscal year. (Debit Loss 
and Gain.) 
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