Ohio State University Extension Bulletin

Computerized Farm Record Keeping with Quicken® 2002

Bulletin 897-02

Data Entry

Example 14: 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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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.