SYSTEM OF ACCOUNTING FOR COOPERATIVE ASSOCIATIONS. 5 
The final entry is: 
Fruit $631.75 
To Cash $631.75 
This is made when checks are drawn to the growers for the amount 
of the net proceeds. 
Should a balance exist in the ledger on account of supplies bought, 
and should it be desired to deduct this amount from the account 
sales, another journal entry is made to cover the transfer; viz: 
Fruit $20.00 
To Grower $20. 00 
for the amount of the debit balance shown on the particular growers' 
account. 
The plan of the second method is given on page 23. 
BOOKS AND SPECIAL FORMS. 
The following books and special forms are used in this system: 
The receipt, manifest, bulletin, invoice, car envelope, account sales, 
journal, cash receipts, cash disbursements, stub check book, and 
ledger. Each of these is described at length under separate headings. 
THE RECEIPT. 
Upon delivery of fruit by the grower it is inspected and a receipt 
(Form 1) is made out by the inspector or agent. This shows the 
name of the shipping station, date, car initials and number, grower's 
name, quantity, grade and kind of fruit or produce, results of inspec- 
tion, and inspector's or agent's name. It is made in duplicate; the 
original is 'sent to the office and the duplicate is handed to the grower 
for his record. At the office the receipts are checked against the 
manifests to see that all the deliveries are accounted for properly. 1 
FORM 1. 
The Receipt. 
Frankford 
«t* June 8, 
1 
1914 
P RR 
car No *05589 
Received for shipment of 
T. C. Lunford 
20 cr. XXXX 
Gandys 
The Eureka Produce Exchange, 
Inc., 2 
No. 5. 
Ry H. L. SMITH, 
Agpnt. 
1 The crops handled by the exchange in which this system was tried out were strawberries, cantaloupes, 
early pears, summer apples, and sweet potatoes in car lots. As these crops follow each other without over- 
lapping, this simple form of receipt served the purpose better than a highly involved form. 
2 This name is a fictitious one and used for illustrative purposes only. 
