The following examples cover common farm business transactions. We start with simple single category transactions and move to more complex multiple category income and expense transactions. You will learn how to enter, edit, void and memorize transactions.
Example 15: Create Liability - CCC Loan
You take out a CCC loan on soybeans for $53,500. You treat CCC loans as loans for tax purposes. You have already created a liability account named CCCLoan.
| Num: | Click on Num field, Click Deposit. |
| Date: | Click the date field. Use the calendar or +/- keys to set proper date. |
| Payee: | Click on the Payee field, Type FSA. |
| Payment: | Click on the Deposit field, Type 53500.00 |
| Category/Class: | Click on the down arrow in the Category field. Click [CCCLoan], Type /g (for Gen Farm class) |
| Memo: | 10,000 bushels soybeans. |
| Record: | Click Enter.
**NOTE** For a detailed explanation of CCC Loans, see the CCC Loans Section in the additional Quicken topics chapter. |
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