Opinion ID: 1411203
Heading Depth: 1
Heading Rank: 8

Heading: final accounting after resale of remaining potatoes

Text: According to Simplot Eastern's records, there remained 6,251.80 hundred-weight of potatoes as of January 3, 1962. Out of the original $8,500 in advances, $2,410.49 was still owing to Simplot Eastern as of December 6, 1961, which amount the company reimbursed itself from the post-January 3, 1962 resales. In final settlement with Rodgers and Schwendiman on February 2, 1962, a deduction of $500 was made for bin rent. The total proceeds from the sale of the potato crop was $9,269.37, leaving a balance, after deductions, of $269.37 which was paid to Schwendiman. Mr. Fullmer also testified that $1,376.10 was paid to Schwendiman and Russell Rodgers, Jr., on a separate lot of potatoes. These potatoes were segregated into different bins from those of Rodgers senior because he had been instructed to so segregate the different crops. Thus, total income from the sale of potatoes after January 3rd can be broken down as follows: (1) $2,410.49  remaining deduction on $8,500 advance (2) 500.00  bin rental deduction (3) 269.37  balance left over (4) 1,370.10  proceeds from sale of Rodgers, Jr.'s crop ______________ $4,549.96  Total