1. Record the business transactions for each month into the Farm Record Book Table 2 Operating Income and Table 3 Operating Expenses. 2. Record all transactions involving "use," or "applied" of supplies into the Farm Record Buok Table 4 Supplies Inventory Matrix. You must keep a running balance of your inventory, so you will know what is on hand at the end of the year. 3. Make sure that you record all transactions to the cash journal, Farm Reeord Book Table 5. The cash journal should be used the same way as the checkiook register, recording deposits and withdrawals/payments. You will find it less confusing to complete the cash journal as you complete the daily entries. You will sort the transactions by checking account, savings. account, and accounts receivable. Make sure that you start each of these accounts with the original balance found on the balance sheet at the beginning of the year. 4. Record the hired labor transaction into the Farm Record Book Table 6 and Table 3 Operating Expenses table. Make sure that you record each employee separately in this table. Record the employee taxes, and employer share of taxes, and net amount at the end of the month. Create names and social security numbers for each worker. 5. Record the land use into the Farm Record Book (Table 7) Land Utilization and Fertilization. This table requires you to do some research on your crop's production. List your crop name: enter the number of acres you are growing (from owned land and rented land); from your research list the yield per acre. Also list the number of pounds of fertilizer required as listed. in the table for productive vields. Expenses table. Make sure that you record each employee separately in this table. Record the employee taxes, and employer share of taxes, and net amount at the end of the month. Create names and social security numbers for each worker. 5. Record the land use into the Farm Record Book (Table 7) Land Utilization and Fertilization. This table requires you to do some research on your crop's production. List your crop name: enter the number of acres you are growing (from owned land and rented land); from your' research list the yield per acre. Also list the number of pounds of fertilizer required as listed in the table for productive yields. 6. Record the assets inventory from your list of assets on the first page to Tables 8.9. Use the Straight-Line method of depreciation to determine the depreciation expense at the end of the year for each asset. Remember to record the accumulated depreciation as a depreciation expense in the Operating Expense table (Table 3). This will be the last transaction. You can: date it as of the last day and month of your transactions. 7. Complete the Statement of Cash Flows (Table 10) for all transactions, You will list only the totals for each month by income and expense. Make sure that depreciatios expense is included in this statement. Table 2. Operating Income Table 4. SUPPLIES INVENTORY MATRIX Record use here Record use here Table 3. Operating Expenses Table 5. Cash Journal CHECKING ACCOUNT DETAILS Beginning Balance \begin{tabular}{|c|c|} \hline 20 \\ \hline 21 \\ \hline 22 \\ \hline 23 & \\ \hline 24 & \\ \hline 25 \\ \hline 26 \\ \hline 27 \\ \hline 28 \\ \hline 29 \\ \hline 30 \\ \hline 31 \\ \hline \end{tabular} Table 5. Cash Journal CHECKING ACCOUNT DETAILS Beginning Balance ACCOUNTS RECEIVABLE ACCOUNT DETAILS Table 7. Land Utilization and Fertilization (1) When a field is doubled cropped, lit twice and place a carcle around one of the acres If a crop us grown for both hay and seed, lespedeze for example, list acres in both places and circle one entry (2) A cormplefe record of lime, pesticide, her bicide, and fertilizer use should be kept by field and crop. Table 6. Expense for Hired Labor 1. Record the business transactions for each month into the Farm Record Book Table 2 Operating Income and Table 3 Operating Expenses. 2. Record all transactions involving "use," or "applied" of supplies into the Farm Record Buok Table 4 Supplies Inventory Matrix. You must keep a running balance of your inventory, so you will know what is on hand at the end of the year. 3. Make sure that you record all transactions to the cash journal, Farm Reeord Book Table 5. The cash journal should be used the same way as the checkiook register, recording deposits and withdrawals/payments. You will find it less confusing to complete the cash journal as you complete the daily entries. You will sort the transactions by checking account, savings. account, and accounts receivable. Make sure that you start each of these accounts with the original balance found on the balance sheet at the beginning of the year. 4. Record the hired labor transaction into the Farm Record Book Table 6 and Table 3 Operating Expenses table. Make sure that you record each employee separately in this table. Record the employee taxes, and employer share of taxes, and net amount at the end of the month. Create names and social security numbers for each worker. 5. Record the land use into the Farm Record Book (Table 7) Land Utilization and Fertilization. This table requires you to do some research on your crop's production. List your crop name: enter the number of acres you are growing (from owned land and rented land); from your research list the yield per acre. Also list the number of pounds of fertilizer required as listed. in the table for productive vields. Expenses table. Make sure that you record each employee separately in this table. Record the employee taxes, and employer share of taxes, and net amount at the end of the month. Create names and social security numbers for each worker. 5. Record the land use into the Farm Record Book (Table 7) Land Utilization and Fertilization. This table requires you to do some research on your crop's production. List your crop name: enter the number of acres you are growing (from owned land and rented land); from your' research list the yield per acre. Also list the number of pounds of fertilizer required as listed in the table for productive yields. 6. Record the assets inventory from your list of assets on the first page to Tables 8.9. Use the Straight-Line method of depreciation to determine the depreciation expense at the end of the year for each asset. Remember to record the accumulated depreciation as a depreciation expense in the Operating Expense table (Table 3). This will be the last transaction. You can: date it as of the last day and month of your transactions. 7. Complete the Statement of Cash Flows (Table 10) for all transactions, You will list only the totals for each month by income and expense. Make sure that depreciatios expense is included in this statement. Table 2. Operating Income Table 4. SUPPLIES INVENTORY MATRIX Record use here Record use here Table 3. Operating Expenses Table 5. Cash Journal CHECKING ACCOUNT DETAILS Beginning Balance \begin{tabular}{|c|c|} \hline 20 \\ \hline 21 \\ \hline 22 \\ \hline 23 & \\ \hline 24 & \\ \hline 25 \\ \hline 26 \\ \hline 27 \\ \hline 28 \\ \hline 29 \\ \hline 30 \\ \hline 31 \\ \hline \end{tabular} Table 5. Cash Journal CHECKING ACCOUNT DETAILS Beginning Balance ACCOUNTS RECEIVABLE ACCOUNT DETAILS Table 7. Land Utilization and Fertilization (1) When a field is doubled cropped, lit twice and place a carcle around one of the acres If a crop us grown for both hay and seed, lespedeze for example, list acres in both places and circle one entry (2) A cormplefe record of lime, pesticide, her bicide, and fertilizer use should be kept by field and crop. Table 6. Expense for Hired Labor