You sell two cull dairy cows and two bull calves at the Livestock Sale of Anywhere. The two cows sold for $987.50 with deductions of $28.90 and the two calves sold for $224.25 with deductions of $14.90. The net check is for $1167.95.
| Num: | Click the down arrow in the Num field, Click Deposit. |
| Date: | Click the Date field. Use the "+" key to advance the date one day at a time or the "-" key to backup one day at a time. |
| Payee: | Click on the Payee field, Type Livestock Sale of Anywhere. |
| Payment: | Click on the Deposit field, Type 1167.95. |
| Category/Class: | Click Split in the lower right hand corner of the transaction. The SPLIT TRANSACTION WINDOW will appear. Click the down arrow in the Category field on line 1, Click LS Sold:RBreedLT, Type /d (for dairy class). Click in the Memo field and Type 2 cows, 2935 lbs., Click in the Amount field and Type 987.50. Click Next, Click the down arrow in the Category field on line 2, Click Marketing:Brdg&Cap, Type /d. Click in the Memo field and Type cow marketing deductions, Click in the Amount field and Type -28.90. |
**Note** On a deposit that is a check that has amounts deducted from the sales amount, enter the gross sales amount under the appropriate income category with the deductions entered as MINUS amounts under the appropriate expense category(ies).
**Note** Look at the Amount field. If this is the last entry for this transaction a number should not appear in the Amount field on line 5. If there is a number in this field, you have either made a mistake or have another entry to make. Also note the zero at the bottom right hand corner of the window.
| Record: | Click OK. Click Enter. |
**Note**The cow sales and deductions need to be reported separately from the calf sales and deductions since the two sales are reported on different tax forms.