i*r D c c r "~i a 
 
 EACHERS' 
 
 riANUAL 
 
 roe me 
 
 Fms 
 
 OP ACTUAL BUSINESS TRAINING 
 
TEACHERS' 
 
 MANUAL 
 
 Copyright 1911. by 
 
 ELLIS PUBLISHING COMPANY, 
 
 Battle Creek, Mich. 
 
]CT sX I 
 
 EDUCATION DEFT. 
 
TEACHER'S MANUAL 
 
 for the 
 
 Ellis System of Actual Business Training 
 
 CABINET AND CARD FORM 
 
 Business Directions. In this Manual the routine of trans- 
 actions is referred to as "Business Directions" and when this term 
 is used it applies either to the Cabinet form or to the Card form. 
 
 The Plan. The plan of the Cabinet System is to transpose 
 to the class-room the actual business conditions as they really exist 
 among business men. It is sometimes called the Business Commu- 
 nity Plan. The student deals with his fellow students and with the 
 several offices exactly as if he were engaged in real business. These 
 dealings are regulated by a graded outline of transactions in the 
 form of the Cabinet device or Cabinet Cards, a copy of which is 
 given to each student, and which is known as his Business Directions. 
 Each student is supplied with a full outfit, which contains the 
 student's Guide, Blank Books, and all necessary stationery. This 
 outfit contains everything that the student will need during the 
 entire course of study. The student uses current dates and his 
 own name in all his transactions. He is supplied by the teacher 
 with an original capital in college currency (usually $5,000). He 
 opens an account with the Bank and deposits his capital in the 
 ordinary way. He rents a place of business (his desk), purchases of 
 the wholesale house a stock of merchandise, opens the accounts in 
 his books, and commences business. He carries on his business in 
 exactly the same manner as any merchant or business man. The 
 student is taught that the business transaction must precede the 
 record of the transaction in his account books. He cannot copy 
 from others since his transactions are different from those of every 
 other student, and as in real business, come to him unexpectedly. 
 
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 5 4! '. 
 
He has a voucher for every transaction. Each student at some 
 -time during i< his college career enters and conducts all of the offices 
 which include a bank, wholesale and commission houses, and as 
 many other offices as the school wishes to install. In these offices 
 he becomes familiar with the intricacies of Commission, Brokerage, 
 Jobbing, Insurance, Transportation and Real Estate bookkeeping 
 as well as Voucher, Banking and Corporation work. He is taught 
 to use Bound, Loose-leaf and Card Ledgers, special ruled Purchase, 
 Sales and Cash books, handles various business papers, including 
 Bills of Lading, Notes, Drafts, Checks, and makes Trial Balances 
 and General Financial Statements. In the office he also fills a 
 position as buyer, salesmanager and general manager. The student 
 throughout the entire course learns not by theory how business 
 should be done and why books of account should be kept, but by 
 doing the things that are actually done in real business. He is 
 given an all round business education in connection with which he 
 acquires a mastery of the subject of bookkeeping. 
 
 The Cabinet. One plan of presenting the Business Directions 
 is by means of a mechanical device called the "Cabinet," the purpose 
 of which is to prevent the student from anticipating future work or 
 from referring to directions already passed, for which his books of 
 original entry and vouchers should supply him a complete record. 
 This device is so arranged that the student can turn the Business 
 Directions forward only, and there is no possible way by which he 
 can turn back to a transaction after it has once passed beyond the 
 range of his vision. When the Cabinet device is given to a student 
 he should be instructed by the teacher to carefully read and observe 
 the directions and rules appearing on the back thereof. 
 
 Cabinet Cards. Another plan of presenting the Business 
 Directions is by means of a series of cards called "Cabinet Cards." 
 The course of study appearing on these Cards is exactly the same as 
 that presented by the Cabinet device described in the foregoing para- 
 graph. A case for filling these Cards stands on the teacher's desk. 
 This case is properly indexed and is easily accessible. Card No. i 
 is given out to the beginning student and after he has completed 
 the directions thereon he returns it to the teacher and secures Card 
 No 2, and so on throughout the entire course. The course of study 
 is carefully graded and advances the student gradually from the sim- 
 ple transactions to the more complicated and difficult ones. By the 
 Card plan the teacher may hold the student in check and prevent 
 him from advancing from one Card to another until he has secured 
 
the teacher's approval of the work already done. In this connec- 
 tion it is well for the teacher to keep a record of the number of each 
 Card given to each student. By glancing at this record he can 
 determine instantly how far each student in his class has advanced. 
 By requiring the student to return with each Card, his books ol 
 account and other records, the teacher is able to keep a close check 
 on the student's work, at all times. 
 
 The Student's Guide. This book is, as its name indicates, a 
 Guide to be used with the Business Directions contained in the Cabi- 
 net and appearing on the Cards. In other words, the student's 
 Guide is a manual on bookkeeping, and from it the student learns 
 how to transact business, handle all forms of business papers, open 
 and close his books, make out trial balances and financial statements 
 and to do many other things necessary for properly carrying out 
 the Business Directions. Rules, definitions, forms, and cautions are 
 brought to the student's attention just at a time when he is asked to 
 perform some transaction requiring specific knowledge, the aim being 
 to assist the student in a natural way by removing one obstacle at a 
 time in the 'order in which it arises. 
 
 The teacher should make constant use of the information in Part 
 II of the Guide. Here may be found a full explanation of all the 
 common forms of Check Figure Proofs, a treatment of Pay Rolls and 
 accounts with employees, a brief chapter on Cost Accounting, some 
 valuable pointers as to how to find errors in trial balances, and much 
 other important information. The Guide is full of suggestions to the 
 bookkeeper as to the conduct of his business affairs, the treatment 
 of business papers, and the customs of office and business practice. 
 
 School Offices- The course of study provides for the establish- 
 ment of four general offices known as, Merchants Bank, American 
 Merchandise Company, College Produce Company and U. S. Com- 
 mission Company, detailed descriptions of which will be found on 
 subsequent pages. Other offices, such as real estate office, post- 
 office, additional wholesale or commission houses, etc., may be 
 established if desired. These offices may be as elaborate or as simple 
 as the judgment of the proprietor may dictate. We would recom- 
 mend when a school first begins the use of the Cabinet Method of 
 Actual Business that it establish all of the offices above suggested. 
 The Course of Study whether in the Cabinet or on the Cards is 
 independent of the work of the offices. That is to say, while the 
 Course of Study provides the books the student shall use, any plan 
 of account keeping desired by the teacher may be installed in the 
 
offices. This is a great advantage. While the Course of study is 
 very versatile, allowing great latitude for the individual preference 
 of the teacher, the fact that the work in the offices is independent al- 
 lows the teacher free reign to install such books and plans for the 
 offices as his judgment may dictate, or as the local conditions may 
 require. In this way, by the use of the Cabinet Method, the teacher 
 may lengthen and emphasize any kind of work made necessary 
 by local conditions, such as the use of the Voucher Method 
 where manufacturing is extensive, or the Modified Voucher Method 
 where merchandising is the leading business. 
 
 We cannot emphasize too strongly the advantages to be derived 
 from a well equipped, attractive-looking set of offices. When the 
 student enters the offices he realizes more than ever that he is face to 
 face with identically the same conditions he will meet in the real 
 business office and begins to understand that his future success 
 depends very largely on the reputation he makes at this time. 
 
 When the attendance is small during the summer months, the 
 instructor in charge may have the students do practically all of their 
 work with the offices, thus keeping all of the offices busy. Some 
 teachers find it more advantageous during the quiet season to 
 reduce the number of offices by combining two into one. The 
 work in the offices may be as extended as desired, and the teacher 
 may easily introduce into these offices any special features that 
 he may find advantageous, thus readily adapting the course to 
 local conditions. 
 
 The Merchants Bank. In this office the business is conducted 
 and books are kept the same as in any ordinary bank. Full in- 
 structions will be found in the Guide, pages 198-210, for the or- 
 ganization and officering of the bank. The teacher may use his 
 own judgment as to the organization of this office. The bank may 
 be regularly capitalized, incorporated and organized under the 
 forms of law required by the state in which the school is located, or 
 it may be organized under the National, Banking Act, or the com- 
 pletion of the organization may be taken "for granted," the 
 students in charge of the bank doing the work, as ordinary em- 
 ployees, under the instruction of the teacher. If conditions w T ill 
 warrant, a cashier, receiving teller, paying teller, bookkeeper, etc., 
 may be selected to perform their respective duties in this office. 
 As to how highly organized the plan of conducting the bank will be, 
 depends largely upon conditions, and the wishes of the teacher in 
 charge. It is suggested that the bank be organized under the 
 
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National Banking laws, and that a Board of Directors be elected, 
 and the necessary officers selected. By writing the Comptroller of 
 Currency at Washington, D. C., a copy of the National Banking Act, 
 and other "instructions and suggestions of the Comptroller of 
 Currency relative to the organization, etc., of National Banks" may 
 be secured. However, some prefer to assume the organization and 
 this is probably better when the course is first introduced. 
 
 The special features of the banking work of the Cabinet Method 
 in this office, and the uses of various account books, are fully ex- 
 plained in the Student's Guide. The labor of keeping the bank 
 books will be greatly reduced if the Journal, Ledger and 
 Balance -book, and all other books mentioned in the chapter on 
 banking, pages 200210 of the Guide, are installed at the outset. 
 The publishers provide for this office a General Ledger in two 
 forms: Loose-leaf and permanent bound. We furnish a Depositors 
 Ledger in three forms and either one of these may be used effect- 
 ively. They are: The Depositors Individual Ledger, The Daily 
 Journal, Ledger and Balance book and the Loose-leaf Depositors 
 Daily Balance book. The Journal provided by the publishers 
 for use in this office is a combination Cash book and Journal with 
 especially ruled and printed headings for Bills Receivable, Interest 
 and Discount, Collections, Checks, Deposits, etc. We strongly 
 recommend the use of the loose-leaf books for this office as they are 
 modern and teach the student how to handle books of this character. 
 If the best results are to be secured from the conduct of the Bank, 
 the teacher should be careful to have all work properly and system- 
 atically done each day. The Cash should be balanced and other 
 important duties should be performed promptly and not be allowed 
 to run behind from day to day. If this office is conducted like any 
 modern bank and the work kept up to the minute, splendid results 
 will be secured and the student will get great good from his work. 
 
 Other Banks It is often found desirable to establish ad- 
 ditional banks especially in the larger schools. To provide for 
 these the publishers have prepared stationery for the College Bank 
 and the First National Bank. 
 
 American Merchandise Company. This office is primarily 
 designed to afford a market for the merchandise that the student 
 has purchased from other students, yet it is used also as a wholesale 
 house in connection with its purchasing business. It occasionally 
 occurs that a student is unable to dispose of his merchandise to 
 other students and is compelled to held the goods, thus making it 
 
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impossible to realize a sufficient income to pay his maturing obli- 
 gations. This office affords him an outlet for the disposal of his 
 merchandise when all other sources fail. The American Merchan- 
 dise Company may be used as an auxiliary wholesale house in addi- 
 tion to its business of purchasing. The best results, however, will 
 be obtained when the students are not allowed to sell the American 
 Merchandise Company goods that they have purchased from the 
 U. S. Commission Company or the College Produce Company, ex- 
 cept in the early part of the work when they are following their 
 Business Directions. 
 
 When beginning the use of the Cabinet System of Actual Business, 
 this office should be capitalized with a sufficient sum in cash, about 
 $2*5,000, a part, or all, of such amount to be deposited in the bank. 
 It is an excellent idea to have this office incorporated under the 
 laws of your State. In fact, all of the offices should be incorporated, 
 and in this way give the student experience in corporate matters, 
 besides giving him a drill in parliamentary practices. As intimated 
 above this office should carry a regular account with the bank. 
 Payments for purchases, however, may be made either by check 
 on the bank, or by cash, or both plans may be followed. 
 
 The Books planned for this office are the Eight-Column Journal, 
 the General Ledger, Bills Receivable and Bills Payable Register, 
 Sales Book and Invoice Book, as books of original entry. The General 
 Ledger provided for this office by the publishers is the Three-Column 
 Balance Ledger. By this ruling, the bookkeeper is able to tell at a 
 glance the balance of any account, and the use of the book is a great 
 aid to the student in charge of the work. The Bills Payable Register 
 is an especially ruled form from which the student posts to the 
 General Ledger. The Bills Receivable Register is the standard 
 ruling. The check stubs in the Check book provided for this office 
 are so ruled as to permit the keeping of the bank account thereon, 
 and on the reverse side of the check stub is printed a Deposit Slip 
 upon which may be kept a copy of all deposits. The teacher may, 
 if he prefers, use the Banking Ledger for keeping the bank account 
 of this office instead of the check stub. The Invoice book is so 
 arranged that it can be used as a posting medium. Credit items are 
 entered in their respective order and the total of the merchandise 
 debits carried forward through the merchandise debit column. 
 A Merchandise Case for the convenient handling of the merchan- 
 dise cards should be provided, and this can be obtained from the 
 publishers. The above scheme of books is suggestive only. The 
 
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teacher may install in this office such methods of account keeping as 
 he may desire. 
 
 The American Merchandise Company buys from students at 
 certain fixed discounts, and in the early part of the work where 
 students are instructed to buy from the American Merchandise 
 Company in the Business Directions, the discounts which the office 
 allows the student are specified on the order sheets. It is necessary, 
 of course, for each office of the school to allow larger discounts in 
 selling the students than the students allow when selling to one 
 another, or to the offices of the school, otherwise the student will 
 not conduct his business at a gain. Where no discount is specified 
 on the merchandise cards, or in the Business Directions, the teacher 
 should arrange for a discount on all merchandise sold to the students 
 by the offices. Also when a general discount is specified on the cards 
 it is well to have the offices allow an additional one or two per cent 
 discount for cash or time papers. The various offices of the 
 schools should replenish their stock of merchandise which they 
 will require from time to time by purchasing from the other offices. 
 The discounts for the offices may be arranged to suit the wishes 
 of the teacher. 
 
 U. S. Commission Company. The commission business, besides 
 being an important industry, furnishes a valuable study for the 
 student, and is a means by which he may learn many important cal- 
 culations in arithmetic. The bookkeeping feature is, of course, of 
 first importance, but the drill the student gets in Equation of Pay- 
 ments, Equation of Accounts, Averaging Accounts, Averaging 
 Account Sales, handling accounts dealing with Freight, Drayage, 
 Insurance, and other charges, is only next in importance to the 
 acquirement of the knowledge of bookkeeping peculiar to this kind 
 of a business. The purpose of theU. S. Commission Company is to 
 conduct a commission business and to give the student the neces- 
 sary drill in keeping books of account. Great care has been taken in 
 selecting the method employed for this office and much information 
 concerning the books to be used, and the conduct of the office gener- 
 ally may be found by reference to the Guide, pages 128-132 
 inclusive. The U. S. Commission Company sells to the students, 
 to the American Merchandise Company, and to the College Produce 
 Company all merchandise received on consignment, and also carries 
 a stock of merchandise of its own to be sold at wholesale to the 
 students when they are required to buy from this office in the 
 Business Directions. The students in charge of this office should 
 
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take advantage of every opportunity to close out all merchandise 
 received on consignment and render promptly an Account Sales to 
 the shipper. The U. S. Commission Company should be incor- 
 porated and should be sufficiently capitalized to handle its business 
 satisfactorily. The office should open a checking account with the 
 Merchants Bank, the same as if it were a private individual. 
 
 The principal books the publishers have provided for use in this 
 office include the Receiving book, Sales book, Cash book, General 
 Ledger, Journal, and Consignment Sales Ledger, besides the usual 
 supplies and stationery. The Receiving book should be used to 
 enter all consignments at the time of receiving them, the ruling 
 being especially prepared for this purpose. The Sales book is for 
 sales of all merchandise, and has special columns for the sales of 
 merchandise belonging to the firm, and for the sales of merchandise 
 received on consignment and sold on commission. The Cash book 
 has printed headings and is ruled to six columns. The bank account 
 is kept in the Cash book, full directions for which are given in the 
 Guide, page 113. Any form of General Ledger may be employed 
 that the teacher in charge may desire. We have prepared a 
 Ledger for this office which is a close ruled form carrying six accounts 
 to the page with printed headings indicating the purpose of each 
 column. The Consignment Sales Ledger has the usual ruling and 
 gives full data with reference to all consignments to be sold on com- 
 mission. The Invoice book for this office may be used as a posting 
 medium or merely as a file for invoices, whichever the teacher prefers. 
 
 College Produce Co. This is a wholesale office, or jobbing house, 
 and is to be conducted for the purpose of supplying students with 
 such merchandise as may be required by them in the course of their 
 business transactions. The College Produce Company and the 
 Merchants Bank are the principal offices of the Cabinet System and 
 should never be combined with other offices. Where the enrollment 
 is limited, however, this office may be conducted in connection with 
 the American Merchandise Company. A sufficient amount of 
 capital should be furnished this office, and a liberal supply of 
 Merchandise Cards should also be provided. At the beginning of the 
 school year when a large number of students are enrolled, the teacher 
 will find it desirable to make use of the Made-out Bills, furnished by 
 the publishers, for the eighty-one transactions occurring at the 
 beginning of the work. The use of these Made-out Bills will relieve 
 any possible congestion and enable the students in charge of this 
 office, and the American Merchandise Company, to handle their 
 
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work much more expeditiously . It must be borne in mind that the 
 first eighty-one transactions provided for in the Cabinet System 
 are keyed, and all of these transactions are performed with the 
 several offices. By the use of the Made-out Bills a larger number of 
 students can be handled with less delay, as the making out of bills 
 for each purchaser is quite a task. 
 
 The College Produce Company sells merchandise to the students 
 at certain fixed prices and discounts from the face of cards, Th 
 office should allow a larger discount than the students do when sell- 
 ing to one another or when dealing with the other offices, otherwise the 
 students cannot conduct their business at a gain. The College 
 Produce Company does not buy from students except as 
 directed in the Business Directions, but it does buy from the Ameri- 
 can Merchandise Company and the U. S. Commission Company 
 whatever merchandise may be necessary to keep the stock well up. 
 
 The introduction of new ideas is not the purpose of this office, but 
 rather to give added experience along lines with which the student 
 is already familiar. He will become accustomed to using such books 
 as are required for doing a large volume of business. The principal 
 books prepared by the publishers for the College Produce Company 
 are the Sales book, in both the standard ruling and in the Bill and 
 Charge Form, Purchase book, Journal, Ledger, and Cash book. 
 By the Bill and Charge System, introduced in this office, the 
 student makes out the bill with a hard lead pencil or a stylographic 
 pen, making a carbon copy at the same time the bill is made out. 
 The bill is perforated so that it may be torn from the Sales Book 
 leaving the duplicate sheet intact. These duplicate sheets are so 
 ruled that the extensions may be carried forward from page to page 
 and posted at the end of the week or at the close of each day's 
 business, as desired. The Sales book sheets may be had from the 
 publishers in either permanent or loose-leaf form. The Purchase 
 book, Journal, Ledger, and Cash book are of ordinary form, 
 although a loose-leaf Ledger may be used if desired. The impression 
 Copy book is used for outgoing correspondence, while the Vertical 
 Filing Case may be used for both incoming and outgoing correspon- 
 dence. The last mentioned plan for filing correspondence is modern 
 and is in general use by most large business concerns. The Invoice 
 book is used in this office also as a book of original entry. 
 
 The special features of the College Produce Company are the 
 keeping of the Bank Account in the Ledger and the using of the 
 Vertical Filing System. If preferred the Bank Account need not 
 
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be kept in the Ledger, but the Banking Ledger may be used, or any 
 other plan the teacher may wish. This office affords a good 
 opportunity for the use of the Sixteen -Column Journal in place of the 
 regular standard ruled Journal, if the teacher desires to specialize 
 and emphasize columnar- journal work. Instead of the standard 
 ruled Ledger or the loose-leaf Ledger, the Debit, Credit and Balance 
 form may be used. Such variation of account books may be 
 installed in this office as the teacher may desire after he becomes 
 familiar with the work. 
 
 Real Estate Office. At the beginning of the Cabinet work the stu- 
 dent is instructed to apply to the teacher and receive the money with 
 which he is to engage in business, also making arrangements to 
 lease his place of business for a period of three months, and later in 
 the work, transaction No. 82, he is instructed that if his rent is due 
 according to his lease to pay it. If not due, to make a note of when 
 it should be paid and place it in the pioper compartment of his 
 Daily Reminder. Some schools have a Real Estate Office for the 
 transaction of such business, others arrange to have it transacted 
 with one of the general offices; while in others the amounts are 
 simply paid to the teacher who keeps no account of them. We 
 would suggest that if the school does not wish to have a Real Estate 
 Office that arrangements be made to conduct a real estate office 
 in connection with the American Mdse Co., letting one of the 
 teachers in charge of the room be the agent who conducts the office, 
 but having the students in charge of the American Mdse Co. do all of 
 the necessary work of bookkeeping and filing. When the student 
 calls on the teacher for his capital with which to begin business, he 
 should be given the $5,000 in College Currency and told to go to the 
 Real Estate Office and make arrangements to lease his place of busi- 
 ness for a period of three months, obtaining from the office a lease, 
 properly written and signed by the agent, the student signing a du- 
 plicate lease which would be retained by the Real Estate Office. The 
 lease should stipulate that the rent is to be paid on a certain day of 
 each month, and the teacher in charge should see to it that this 
 agreement is promptly complied with. 
 
 Postoffice. When the correspondence work is reached, it may 
 be found convenient to establish a Postoffice. This office may sell 
 stamps to the students and also do a money-order business. Some 
 schools have only a mailingbox in which the students drop the letters 
 when properly written. These are matters that it has been thought 
 well to leave to the judgment of the individual teacher. 
 
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The local postmaster will, no doubt, give full explanations of the 
 rules governing the conduct of a Federal postoffice. This informa- 
 tion will be of great value to the student, not only for his school 
 work, but for the expediting of business through the mail in his 
 work in actual business life. 
 
 Auditing Office. In addition to the offices already named, some 
 schools establish an Auditing Department, in which several ad- 
 vanced students are engaged in finding errors in trial balances, tak- 
 ing charge of the books of students that have failed, making opening 
 entries for new companies, adjusting disputed claims for errors 
 made by students, making up Pay Rolls, and in doing a general 
 line of advanced work, for which the students pay a uniform scale 
 of prices, commensurate with the expert knowledge and skill nec- 
 essary to do such work. 
 
 How to Handle the Offices. The first step should be the 
 establishment of the various offices. A sufficient number of the 
 most capable students should be placed in charge of these offices, 
 about two in each office in the ordinary sized school, and given full 
 instructions as to their several duties. The offices should be cap- 
 italized, incorporated, organized, and the business duly opened, then 
 when all is in working order the students of the Business Community 
 should be supplied with their capital and allowed to begin the work 
 as outlined in the Business Directions. The number and character 
 of the books employed in the various offices and the methods 
 adopted for carrying on the work will of course depend somewhat 
 upon the size of the school and the preference of the teacher, but we 
 would suggest that the books as designed for the offices and as fully 
 described in our catalog be adopted, for by their adoption will the 
 best results be obtained. 
 
 Should the school be small, one bright and efficient student will 
 be able to do the work at each office, but as a rule it is found better 
 to place two students in charge and sometimes even three or four. 
 
 In each of the three offices some provision should be made for 
 keeping the Merchandise Cards properly classified so that any re- 
 quired kind may be had when wanted, and for this purpose we 
 have prepared suitable filing devices. 
 
 The students in charge of the various offices should be impressed 
 with the fact that the work of the office is to be done with exactly 
 the same neatness and despatch as in any business house. Daily 
 Trial Balances should be taken and the work should never be allowed 
 to get behind for a single moment. If this is done, the very best 
 
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results will be obtained, while if the students are allowed to be 
 careless with their work good results cannot be expected. 
 
 How to Maintain the Offices It is suggested that even if the 
 establishment of the bank and other offices be assumed at the 
 outset, later they should be regularly formed, incorporated, 
 organized, and maintained. The Guide gives full directions, pages 
 158-210. When the offices are established it is suggested that the 
 organization be maintained by the election of a new Board of Di- 
 rectors and new officers at regular intervals. All proceedings should 
 be governed by parliamentary usages. This plan will add great in- 
 terest to the work and provide a practical and valuable training for 
 intelligent participation in the financial and business affairs of the 
 community in which the students may be located as business men. 
 
 Inventory of Offices. An inventory of the Merchandise Cards, 
 furniture and fixtures, office books and supplies, etc., in each 
 of the offices, should be taken and recorded in an Inventory book 
 at the time the offices are first opened, and also at every change 
 of management. 
 
 Insurance and Taxes. Each office should be required to pay 
 insurance and taxes on its property at the local rate. The rate of 
 insurance can be ascertained from a local insurance company ; and 
 the tax rate can be had by inquiring at the city or county treasurer's 
 office 
 
 How to Start a New Student. It will usually be found well 
 to give the student considerable personal attention during the 
 first hour or two of his work, as this will give him confidence 
 and familiarity with his surroundings. Many teachers find it ad- 
 visable to have the student, at least for the first forty or fifty trans- 
 actions, give or receive no paper without first bringing it to the 
 teacher for his O. K. This will keep the teacher in closer touch 
 with the student, and will also give the student more confidence in 
 himself for future work. It will also give the teacher every oppor- 
 tunity to correct the little faults in their incipiency, and not leave 
 them to become fixed habits to be corrected later. 
 
 In starting the student, refer him to the instructions in the 
 Business Directions and impress upon him that these Directions 
 must be followed to the letter, and in the exact order given. Allow 
 absolutely no transactions outside of the instructions. See that 
 the student makes his opening statement, par. 16, page 3, Guide, 
 and his opening entry, par. 17, page 3, correctly, after having ob- 
 tained his cash capital. The teacher should also accompany the 
 
 [14] 
 
student to the Bank, and see that the Signature book or Signature 
 card, as the case may be, is properly signed. The student should also 
 be questioned as to the object of these signatures. It would be well 
 to explain to the student that for the first few days nothing is re- 
 quired of him but to follow the Directions to the letter, and that 
 very soon he will originate his own transactions and manage his 
 business for himself. 
 
 Caution the beginner to follow his Business Directions and give 
 him the Cabinet or the first Card and put him to work. 
 
 If the Cabinet Device is Used. When the student receives his 
 stationery, caution him about turning the Cabinet ahead faster than 
 he can complete the transactions and directions or to turn it back- 
 ward, as to do either would ruin it. Also inform him that if he 
 does so it will cost him $i .00 for anew Cabinet. The publishers 
 furnish a Reversible Cabinet, with a thumbscrew at both ends, per- 
 mitting the roll to be turned either way without injury. They also 
 provide the school with a Book-Form of the Cabinet. Either of 
 these furnish the teacher ready access to any part of the course of 
 study or directions. Also, if a Cabinet is accidentally turned 
 forward beyond the proper instruction for a student, the teacher 
 may lend his Reversible Cabinet or his Book-Form to the student 
 until the proper direction has been reached. However, the teacher 
 should be fairly convinced that the Cabinet was turned by acci- 
 dent and not by intent or carelessness. 
 
 If the Cabinet Cards are Used. Start the student by giving 
 him Cabinet Card No. i, his outfit of stationery, blank books, and 
 his Guide, and instruct him to follow the Directions on that Card. 
 Instruct him that when the transactions have been performed and 
 all other directions carried out in the exact order given, to- return 
 the Card to the teacher and call for the next consecutive Card. 
 
 Generally it will be found better, especially in the early part 
 of the work, to have the student post, and take off a Figure Trial 
 Balance (par. 336) before handing in his Card. With the careless 
 student this may be found expedient with each Card, while the 
 careful student may be allowed greater latitude; but these are 
 matters that it is thought better to leave to the judgment of the 
 teacher, who is familiar with the circumstances. 
 
 Rate Sheet To bring as many settlements as possible within 
 the school period, and thus give more practice than could other- 
 wise be had, and also, to minimize the teacher's work in adjusting 
 the affairs of students that have left school for one cause or another, 
 
 [15] 
 
it is found expedient to fix short periods for time purchases, sales, 
 and notes. To accomplish this and to have all the students under- 
 stand the basis on which transactions are to be performed, many 
 schools set some number of days to represent schoolweeks, or 
 months ; as i day to represent a schoolweek ; 4 or 5 days to repre- 
 sent a schoolmonth or 30 days; 10 days to represent two school- 
 months or 60 days; 15 or 18 days to represent 90 days. Any di- 
 visor giving a whole number for a quotient, as 3, 5, 6 or 10, may 
 be taken as the divisor of 30, 60, and 90, and then the ratios will 
 be 10, 20, and 30 days; 6, 12, and 18 days; 5, 10, and 15 days; 
 3, 6, and 9 days. Or arbitrary ratios may be set as the teacher 
 may prefer. But it must not be forgotten that interest on notes 
 is to be counted for 30, 60 or 90 days, and not on the ratio; al- 
 though the note will fall due in 5 3 10 or 15 days. 
 
 In the Rate Sheet given in the Course of Study, the ratios are 
 arbitrarily set at 5, 10 or 15 days, but of course, the school will be 
 at liberty to fix its own Rate Sheet on any ratio it may prefer. 
 
 The teacher may run as many variations on the Rate Sheet as 
 he may care to introduce; for example: When the direction 
 reads: "Buy Mdse on %," the teacher may direct the students in 
 the first row of seats to buy on option (a), and he may also give 
 the number of the card or cards, as first, buy two cards each of 
 Nos. 8 and 10 ; next Nos. 12 and 14, etc. ; the students in the second 
 row to buy on option (b) and to buy first, cards 9 and n; next 
 13 and 15, etc. Alternate in selling on same or different options. 
 
 Or, if the teacher does not care to specify the Mdse card or cards, 
 he would instruct the students in one row of seats to buy on option 
 (a) and to sell on option (b), row two to buy on option (b) and to sell 
 on option (c), etc. Or the entire school may be instructed to buy 
 one day or one week on one option and to sell on the same or another 
 option; and then alternate the option of buying and selling. The 
 learner must remember to record the due date to correspond to 
 the option. 
 
 Examinations The purpose of the various examinations ac- 
 companying the Business Directions is threefold : 
 
 (1) To give the student more extended training in the mechan- 
 ical work of bookkeeping. 
 
 (2) To review him in the use of the various books required in 
 the business preceding the examinations. 
 
 ( 3) To introduce certain exceptional, but occasionally recurring, 
 
 [16] 
 
business transactions that could not well be brought about in the 
 course of the business of the school community. 
 
 While any of these examinations may, at the discretion of the 
 teacher, be omitted, it is not thought that they involve any too 
 much work for the average student. It must be remembered that 
 it is not enough for the student merely to understand the require- 
 ments of bookkeeping, he must be so thoroughly drilled in them 
 that their practice becomes second nature. This can be accom- 
 plished only by giving the student much material for practice . 
 
 Keys The several set examinations and opening entries, which 
 appear in the Cabinet, or on the Cabinet Cards, are keyed. There 
 is also a key to the first eighty-one transactions. The keys to 
 the written examinations, especially, will be found very helpful 
 and convenient in the marking of manuscripts. 
 
 First Eighty-One Transactions. For the purpose of expediting 
 the work and quickly fixing the fundamental principles of book- 
 keeping in the mind of the student, and at the same time familiar- 
 izing him with business practice, the first eighty -one transactions 
 are with the offices, and are fixed and keyed. This enables the 
 teacher to give his entire time to directing the operations of the 
 student at a time when he most needs special directions. 
 
 For the student's operations immediately following the first 
 complete closing of the books, the teacher is directed to par. 345, 
 Guide, and to "Suggestions to Students," in the "Business Direc- 
 tions. " 
 
 Settling Days. It will be found advantageous to adopt regu- 
 lar "settling days" for the adjustment of all unsettled book ac- 
 counts. It is not advisable to allow such accounts to run for a 
 longer time than two weeks. Some schools adopt, as settling days, 
 the first and third Fridays of each month. However, all such mat- 
 ters may be handled by the Auditing Department. If the require- 
 ments of the Rate Sheet are strictly adhered to there will be little 
 or no need for "Settling Days." 
 
 Copying Press. Each school should be supplied with a copy- 
 ing press at some point easily accessible. When the students are 
 told to order goods by mail and to write letters concerning their 
 business, they are also instructed to keep a copy of these letters in 
 their letter copying books. In order to do this, a copying press 
 must be furnished. 
 
 Posting from Copying Books. Purchases and sales may be 
 
 r\-~\ Teachers' Manual-2 
 
posted directly to the Ledger from the copying books, thus greatly 
 shortening the work. 
 
 Shortening or Lengthening the Course. Should it be desired to 
 shorten the course, this may be done by omitting one or more of the 
 business divisions, or the examinations, or all the extra opening 
 entries after closing the books. The teacher may lengthen jthe course 
 at pleasure, and in any business division, by requiring more actual 
 business work; or by requiring each student, before leaving school, 
 each afternoon, to take Safeguard Check Figure Trial Balance, and 
 to lay on the teacher's desk total debits and total credits, with 
 check figures struck out; or by adding a set or sets on other lines 
 such as, Lumbering, Manufacturing or Accountancy. 
 
 Losses and Gains. Since the school is purely a trading com- 
 munity, no values being produced, all gains must be offset by equiv- 
 alent losses. The work is so planned that the students are able to 
 conduct their several businesses at a gain, hence the losses must be 
 borne by one or more of the general mercantile offices. The distri- 
 bution of this necessary loss may be regulated by varying the prices 
 at which the offices sell to one another. 
 
 In closing the books for these offices, some schools assume an in- 
 ventory of the merchandise, as the preparation of a complete and 
 full inventory of the merchandise cards involves considerable la- 
 bor. We would suggest, however, that the students be taught to do 
 their work absolutely correctly and that nothing be assumed or 
 supposed, and that where the books of the office show a loss that 
 they be closed, showing such loss. 
 
 Use of the Blank Books It is found better for the stu- 
 dent to use the Blank Books early in the work even though 
 he makes some blunders. If he uses journal and ledger 
 paper and afterward copies all his work in his books, he 
 will lose that fueling of responsibility which is so necessary; 
 besides, his books, instead of showing his real bookkeeping 
 work, will show nothing more nor less than the student's 
 ability to copy. In view of this, the course has been planned 
 to have the first ten transactions recorded on journal paper 
 before being entered in the Journal. After this all entries 
 are to be made in his books, unless otherwise instructed 
 by the teacher. 
 
 Report Book The Report Book will be found of great 
 convenience to the teacher in inspecting the general re- 
 sults of the student's work at the close of any business. 
 
 [18] 
 
The student should be required to fill out a page of the Re- 
 port Book at the time of making each balance sheet, and 
 the teacher should see to it that the amount entered under 
 the corresponding letters agree; that is, all amounts marked 
 "A" should agree with one another; also the "B's," "C's," 
 and the "D's" should respectively agree. The teacher 
 should also see that the miscellaneous questions at the 
 bottom of the Report Card are correctly and satisfactorily 
 answered. This book will be found to be a valuable record, 
 both for parent and teacher, of the student's time and the 
 manner of employing it. 
 
 Organizing a Quiz After the student has finished the 
 first business set, and has become somewhat accustomed to 
 the use of commercial and bookkeeping terms, his actual 
 business practice should be supplemented by frequent and 
 thorough discussions of the various points of his work, 
 especially upon the manner of journalizing more or less 
 complicated and unusual transactions, also the relation 
 sustained to one another by the different accounts, and the 
 various distinctions between different classes of papers and 
 other matters of special review. These Quizzes are not for 
 the purpose of introducing new ideas or terms, but to test 
 the student's knowledge, and to fortify his memory with 
 respect to the facts already brought to his attention. 
 
 To handle these Quizzes successfully, assemble, if prac- 
 ticable, the entire class, and ask questions of the students, 
 first, individually, allowing volunteers to correct or supple- 
 ment the first answer, thus putting individuals on their 
 mettle. After full discussion by the class, insist on exact 
 and formal answers. Both the Guide and the Business 
 Directions should be taken as a basis for these Quizzes, 
 and they should be held two or three times a week. If the 
 clas is large and composed of many students of different 
 degrees of advancement, there should be two Quizzes or- 
 ganized. The work of the Quiz may be varied by having 
 a "Query Box" into which students may drop perplexing 
 questions during the intervals between the Quizzes. These 
 Quizzes have proved remarkably helpful and valuable in 
 many schools where they are organized. 
 
 Use of Review Questions. After a considerable number 
 of the students have passed over the subject-matter covered 
 
 [19] 
 
in the questions on page 61, they should be drilled orally 
 on these questions. Later, written examinations should 
 be required on these questions. Other questions in the 
 Guide should be reviewed in the same way before written 
 examination on them is required. 
 
 This method will show the students how to develop a 
 subject and how to arrange the elements on the basis of 
 logical sequence. If this is properly done, the teacher 
 need have little fear that his students "will forget." It 
 will also develop complete, logical, and symmetrical answers 
 in all written examinations, and furnish the basis for future 
 study. 
 
 This matter (and also the Quizzes) should be given care- 
 ful thought by the teacher before he begins the review. The 
 development of a subject by skillful questioning is the 
 severest test of a teacher's knowledge of practical psychol- 
 ogy. 
 
 Opening Entries. The student is required to write open- 
 ing entries at the beginning of each business notwithstand- 
 ing the fact that in most cases he goes on using the same 
 set of books and carrying the same accounts and balances. 
 The reason for requiring these entries is that the student- 
 needs the practice. 
 
 Daily Reminder. The value of this device (which is fully 
 described in the Guide, page 53) will be quickly realized by 
 the practical teacher. Its use makes possible a great va- 
 riety of transactions regarding time papers, which, without 
 it, would be quite difficult of regulation. It is, moreover, 
 a device that is coming into very general use in business 
 offices. 
 
 Student not Limited. When a student begins the Produce 
 and Provision Business, it is not the idea that he should 
 deal in produce and provision only. He may, and should, 
 continue to buy from others and sell any kind of Merchandise 
 and should be encouraged to make purchases and sales 
 outside of his Business Directions. This suggestion applies 
 to all the general business divisions, except in the Voucher 
 method. 
 
 Daily Balancing of the Cash Book. There is a tendency on 
 the part of many students to neglect daily deposits, the 
 daily balancing of the Banking Ledger and the Cash Account, 
 
 [20] 
 
and especially so by that class of students who "never do 
 today what they can put off until tomorrow." The teacher 
 will find it advantageous rigidly to enforce the rule of 
 Daily Balances. Students should be instructed that all 
 money received during the course of the day's business 
 should be deposited, and the Banking Ledger closed after 
 the day's business is done; that all posting for the day 
 should be carefully checked, the Cash Account tested and 
 invoices filed and everything else pertaining to the day's 
 business completed before the student is ready to leave the 
 school at night. See Testing Cash, page 81, and Daily Cash 
 Balance book, page 84. 
 
 Daily Figure Trial Balance. Many teachers hold the stu- 
 dents in check by requiring them to lay on the teacher's 
 desk, each afternoon before leaving school, a Figure Trial 
 Balance. See par. 336, page 54. 
 
 Daily Safeguard Check Figure Trial Balance. Many teach- 
 ers, after the students have learned the use of the 
 Safeguard Check Figure Methods, par. 634-636, page 141, 
 and pages 231-235, require each student to lay on the 
 teacher's desk, each afternoon before leaving school, check 
 figure proof of his posting. 
 
 To do this an extra column may be ruled in the books 
 of original entry and in the Ledger, and the student required 
 to carry safeguard figure method as illustrated on page 234, 
 Guide, or the student may take total of debits and credits 
 of Ledger accounts and then strike out the check figure. 
 
 If the teacher requires the Eleven or the Thirteen Check 
 Figure Safeguard Method to be carried through all the work, 
 he will rarely, if ever, be called on to help a student on trial 
 balance. 
 
 Conditional Transactions. Several of the directions to the 
 student are conditional; thus : He is told to present a 
 note for payment before it is due, offering to throw off the 
 interest in consideration of the prepayment, provided the 
 payer will accept the offer. These conditional transactions 
 are introduced in order to put the student entirely upon 
 his own resources. In some cases it will be well for the 
 teacher not to interfere or suggest to the student any way 
 out of the difficulty, as the purpose of the transaction is, 
 as above stated, to teach the student to rely upon himself. 
 
 [21] 
 
Payment of the First Six Notes. The first six notes that 
 the student issues should be paid according to the Business 
 Directions, whether due or not, and the offices to which they 
 are given should be instructed not to present them for pay- 
 ment. The object of this is to have the student's early 
 transactions to conform to the Key, and if the notes were 
 paid when maturing, without reference to the Business 
 Directions, the student's Journal entries would not corre- 
 spond and would therefore render it difficult for the teacher 
 to check over the entries. 
 
 Discounting Notes at the Bank. In transaction No. 73, the 
 student is instructed to discount the thirty-day note which 
 he just received from the College Produce Co. at the 
 Bank, and in transaction No. 76 he is instructed to discount 
 the second note which he received, having the net proceeds 
 placed to his credit. The student should perform these 
 transactions in the order they are given, and in order to 
 have the student's Journal entries correspond to the Key 
 the Bank should deduct six per cent from the face of the 
 notes for the time for which they are given. That is, thirty 
 days and fifteen days respectively. If days of grace are al- 
 lowed in your state, these notes should be written without 
 grace. After these first two notes, the discount rate of 
 the Bank may be whatever the teacher in charge desires. 
 
 Transaction No, 53. In transaction No. 53, the student is told 
 to buy Merchandise of the U.S. Commission Co. for his one-day note, 
 without interest, as per order sheet No. 15. This note should be 
 paid at maturity, without instruction from the Business Directions 
 to that effect. This note should be written without grace. 
 
 Transaction No. 66. The student is here directed to sell to 
 the American Merchandise Co., subject to a discount of three per 
 cent if paid by their one-day note. The amount of this note is 
 $58 . 20, and the student should be instructed to present it for pay- 
 ment at the day of maturity. This note should be written without 
 grace. 
 
 Loan by Indorsement. Where the student secures a loan of 
 $5,000 by finding some student to indorse his note for that amount, 
 the effect of the indorsement is simply to secure payment to the 
 banker, as the indorser will have to pay if the maker refuses. When 
 the note is taken to the bank, the banker in this case usually re- 
 tains the interest on the note for his compensation, crediting the 
 
 [22] 
 
customer with the full amount of the note. The entry in the stu- 
 dent's book will be merely Cash to Bills Payable, or, if the banker 
 charges more than the interest, the entry will be Cash and Interest 
 and Discount to Bills Payable. 
 
 Call the student's attention to the fact that when this amount is 
 placed to his credit at the bank, it must also be entered in his Bank- 
 ing Ledger. This note being simply a Bills Payable of the student 
 who made it out, he will have to pay it when due. It will be pre- 
 sented to him by the banker when due, in which case he should 
 make out his check in favor of the bank for the note, plus the in- 
 terest. 
 
 Shipments. If the school is quite large, it will be found advis- 
 able to establish a Freight Office, the student in charge being re- 
 quired to sign the shipping receipts, make out the freight bills, and 
 keep the accounts. If the freight business is not large, the teacher 
 may make out the freight bills in his own name, or delegate this task 
 to students. If desired, the Freight Office may be run as an inde- 
 pendent concern under some appropriate name, as " General Trans- 
 portation Co.," being incorporated, or the office may be treated as 
 a branch of the American Mdse Co., and its profits turned over to 
 that concern. The business methods of the Freight Office should 
 conform to local customs. As a rule, the freight is paid by the con- 
 signee. It may be settled for in cash, or charged to account. Defi- 
 nite instructions to the students have been purposely omitted in 
 order that the teacher may adopt the plan that to him seems best 
 adapted to the conditions of the school. 
 
 Returned Merchandise. The student is frequently directed to 
 return one or more of the merchandise cards of a purchase, on the 
 ground that "the goods are not up to sample." The purpose of 
 this, is to raise the account, Retd Mdse, and to give the student 
 practice in closing this account into the Mdse Account, both " Di- 
 rect" (see page 35) and by "Journal Entries" (see pages 37, 38). 
 For illustration see pages 244, 245. 
 
 "Returns" are met with in every mercantile line, and the 
 handling of this account has, and is, giving more bookkeepers trou- 
 ble than any other account. 
 
 Returned Check. The check given to the teacher for " assist- 
 ance on the books ' ' should be retained until the student calls for it 
 pursuant to a subsequent direction, which requires the student to 
 sell the teacher a bill of merchandise for cash, receiving in part pay- 
 ment the check in question. Return the check, but without in- 
 
 [23] 
 
dorsement, together with your personal check, for the remainder of 
 the bill. The question for the student, then, is what to do with his 
 returned check. As it is unindorsed by a third person, the bank 
 would not care to receive it as a deposit. So far as the student's bank 
 account is concerned, it is the same as if the check had never been 
 drawn ; but as cash was credited and the bank account in the Bank- 
 ing Ledger credited when the check was issued, he should be able 
 to see that the reverse entries are required when the check is re- 
 turned, since it was never presented at the bank for collection. 
 Before filing the check, he should write in red ink across its face the 
 word "returned," with the date. Had the check been certified, 
 however, it would have to be returned to the bank and credited to 
 the student's account the same as a deposit. 
 
 Time and Sight Drafts. Authorities differ somewhat on the 
 matter of classifying drafts; some consider both time and sight 
 drafts as Bills Receivable, while others consider time drafts as bills 
 receivable and sight drafts as cash. Many teachers use the latter 
 plan, debiting Bills Receivable for all time drafts at the time of 
 drawing them, and debiting cash for the sight drafts. This custom 
 has no disadvantages except when payment is refused; then it is 
 necessary to make a counter-entry. 
 
 Increasing Capital by Accommodation Notes. In reopening 
 the Produce and Provision books after the first closing, the respec- 
 tive partners are instructed to increase the firm's capital by means of 
 accommodation notes. Two Journal entries are required, Bills 
 Receivable being debited and each partner credited as in the fol- 
 lowing entry and explanation : 
 
 Bills Receivable 1,000 
 
 H. B. Burton, Stock, 1,000 
 
 For accommodation note of H. S. 
 Jones, in favor of H. B. Burton, and 
 indorsed to firm for increase of H. B. 
 Burton's capital. 
 
 When these notes are subsequently returned to the maker with- 
 out collection, reverse entries are required. As the paper is for 
 accommodation, the accrued interest is not considered. The ques- 
 tion is likely to arise with the student as to what object there can 
 be in increasing the capital by notes, and then returning them uncol- 
 lected. In answer to this, it may be said that business men some- 
 times foresee what they consider to be an opportunity to buy a job 
 lot of goods, provided they are in a position to raise the cash on 
 
 [24] 
 
short notice ; however, it will sometimes happen that they will fail 
 to secure the expected bargain, and, as a result, have no use for the 
 increased capital or money secured. Explain to the student that 
 the notes have not been needed, hence are returned. 
 
 In order to give the student practice in working out such prob- 
 lems for himself, no specific instructions have been given him re- 
 garding the entries, and such information should not be given 
 by the teacher except as a " last resort. " 
 
 Real Estate. Where the student is instructed to withdraw two 
 thousand dollars from the firm and invest it in real estate, he 
 should make out a check for the amount. This check may be made 
 payable to himself and then transferred by indorsement ; or it may 
 be made in favor of the person of whom the real estate is bought, 
 but should be charged to the account of the student, no entry 
 being made for the real estate, as it belongs to the student in- 
 dividually. 
 
 He is presently instructed to transfer the real estate to the firm 
 as its property, for such an amount as will net him a profit of $150. 
 He should then debit real estate, and credit himself, for the proper 
 amount. 
 
 Antedating and Postdating. The transactions requiring pa- 
 pers to be antedated or postdated are given for the purpose of 
 suggesting caution regarding the proper inspection of the dates 
 of time papers. For instance, A may ask B to sign a note payable 
 "thirty days after date," but which has been antedated thirty 
 days, thus making it payable immediately. Also, A might buy goods 
 of B and give a note payable "sixty days after date," but which, 
 being postdated thirty days, will not fall Jue until ninety days 
 from the date of delivery. Students should be cautioned to notice 
 the dates of all commercial paper which they either receive or sign. 
 
 Single Entry. The author has followed the later custom of de- 
 ferring the presentation of single entry bookkeeping until the 
 student is fairly familiar with double entry. It is believed that 
 this course greatly simplifies the teaching of single entry, besides 
 placing the subject in its true position as a merely subordinate 
 scheme of account keeping. At the conclusion of this set the 
 student should be thoroughly questioned as to the differences 
 between the two methods, also as to the proper procedure in chang- 
 ing single entry books to double entry, and vice versa. 
 
 Nine-Column Journal Dry Goods Business. When the stu- 
 dent reaches this point of his Business Directions, the teacher should 
 
 [26] 
 
refer him to par. 553 561, page 118, and the references thereon, 
 After studying these references he will be able to go to his work 
 understandingly and will give the teacher little or no trouble . 
 
 Sixteen-Column Journal General Merchandise Business. 
 When the student reaches this point in his work the teacher should 
 direct him to make a careful study of par. 620, page 133 to par. 
 644, page 142, inclusive. 
 
 Branch Houses When the student has reached the point where 
 he is directed to open a branch house, question him very closely in 
 regard to what is given in the Guide on this subject. He furnishes 
 the branch house with a stock of merchandise of about $5,000. 
 This he should charge to branch house, crediting merchandise. A 
 bill for the amount should be sent to the branch house. 
 
 In many cases in actual practice the Main House requires the 
 Branch House to make daily reports as directed in par. 642. 
 
 Notes for Collateral Security. When merchandise is sold and 
 a note is given as collateral security for the payment of the bill 
 when due, the bookkeeping student should not enter the note in 
 his Bills Receivable Register, or open an account for it, but should 
 make a memorandum record of it. 
 
 In passing a note over to a creditor as collateral security, it 
 should bear the following indorsement: "For value received I here- 
 by transfer to John Smith the within note as security for the pay- 
 ment of $100, due ten days from date, with authority to dispose of 
 said note in case the amount is not settled when due, and to 
 devote the proceeds to the payment of the said account. Any 
 amount realized over and above that necessary to meet the above 
 account to be returned to me." See indorsements, page 222223. 
 This does not vest in the seller of the goods any right to the note 
 except on the above conditions; that is, if the debt is not paid at 
 the end of ten days, the seller can dispose of the note and devote 
 the proceeds to the settlement of. his account. An indorsement 
 of this kind should always be used, as it prevents the holder of the 
 note from discounting or otherwise disposing of it before the debt 
 becomes due. 
 
 The Toucher Method Tanning Business (pp. 145-157). 
 The purpose of this business is to give the student some familiarity 
 with the "Voucher System" of accountkeeping, a method that is 
 each year becoming more popular in manufacturing and other 
 classes of extensive business. As the records are so radically 
 different from those required in previous businesses, it has been 
 
 [26] 
 
thought best to furnish in the Guide facsimile records for the first 
 part of the student's work. In order to give time for the maturity 
 of papers, and time accounts, without unduly enlarging the amount 
 of the student's work, it has been arranged to have the student 
 carry on his business to quite an extent. 
 
 The Modified Toucher Method. This method of accountkeep- 
 ing is applicable to a wide range of businesses (page 157), and the 
 high favor and the increasing demand for it, in connection with 
 the Tell Tale and Invoice Register (page 43) will warrant the teach- 
 er if he desires to do it in carrying the student through several 
 sets by this method. 
 
 Corporation. The work outlined in this department is merely 
 suggestive and illustrative, and it may be added to or shortened 
 as the teacher may prefer. In many schools the students are re- 
 quired to form additional corporations under various names and 
 for various purposes. Students that have not yet reached the 
 corporation work, may, nevertheless, be stockholders in the various 
 corporations organized by the advanced students. 
 
 While the Business Directions do not specifically require that the 
 students should go through all the formalities of organizing cor- 
 porations, such as holding meetings of stockholders, electing of- 
 ficers, and so on, the requirement of such formalities, if consistent 
 with the conditions of the school, cannot fail to be most helpful in af- 
 fording the student much practical training. As the laws of the sev- 
 eral states differ greatly as to the requirements in the matter of 
 organizing corporations, it has not been fiasible to give specific 
 directions that would be applicable in all parts of the country. 
 
 In case the student's profits in the Corporation Business are 
 found to be too large, these may be lessened by varying the re- 
 quired rates of gain, and dividend rates. (See "General Outline," 
 page 158, and "Two Sets of Books," page 166.) 
 
 Madeout Invoices. We provide a Madeout invoice for each 
 purchase called for in the first eighty-one transactions. A pad of 
 fifty for each purchase is supplied. This will furnish a Madeout 
 invoice for a class of fifty beginners. This not only saves the time 
 to make out the invoice, but it insures that the beginner will have 
 a model invoice for each of his first twenty purchases. The in- 
 voices are made out completely except the date, name of purchaser, 
 and receipt of seller in case the invoice is for cash. 
 
 The supplying of Madeout invoices is highly commended by 
 
 [27] 
 
all users of the Cabinet Method. They are to be used by the 
 students in charge of the offices. 
 
 Duplicate Invoice. If the teacher desires a duplicate of each 
 bill or invoice, the duplicate may be had by the use of a carbon sheet 
 and cheap yellow paper. Triplicates, quadriplicates, or quintri- 
 plicates may be had in the same way, by using very thin paper. 
 
 Special Column for Transaction Numbers. An extra column 
 has been ruled in the Cash Book, Journal, and Sales Book to record 
 the number of the transaction. If the teacher requires the number 
 of the transaction to be recorded in the books of original entry, he 
 can, at a glance, determine whether the student is skipping any of 
 his transactions. Some teachers prefer to have the folio column 
 placed after the date column, while others prefer it to precede the 
 money column, in books of original entry. If the column to the 
 right of the date column is used for the folio column, then the col- 
 umn to" the left of the money column may be used for the number 
 of the transactions. Or the order may be reversed. This matter 
 is left to the preference of the teacher. 
 
 Students Leaving School. When a student leaves school, the 
 teacher should, if possible, require him to close his books, pay all 
 liabilities, and if possible, convert all his resources into cash; failing 
 to do this, turn over what is left to the teacher. If, however, the 
 student leaves on short notice, and is unable to do this, endeavor 
 to have him leave his books in the school and appoint some of the 
 students to wind up his affairs and close the books. If, however, as 
 sometimes happens, the student leaves suddenly, taking his books 
 with him, the teacher should announce to the school that he will pay 
 all outstanding indebtedness of the student, also that he will receive 
 all payments due the absent student from other students. 
 
 If the school has an Auditing Department, this Department takes 
 charge of such cases, and helps the student to liquidate or audits 
 all bills and administers his affairs and sends the absent student 
 any residue. 
 
 Typemachines in Offices. Many schools make practical appli- 
 cation of the use of shorthand and typewriting in modern business 
 by placing a typemachine in one or more of the offices, and giving 
 actual experience to the advanced shorthand students. This will 
 greatly facilitate and expedite the work of the offices. 
 
 Teachers' Training Class. If the school has students prepar- 
 ing to teach in business schools, such students may be allowed to- 
 help with new students. 
 
 [28] 
 

 
 1 
 
 
 
 
 I (Student's name), have on this day leased the 
 building at No. 10 Second St., for the purpose 
 of conducting a General Jobbing Business, 
 with a cash investment of $5000. 
 
 
 
 
 
 2 
 
 I 
 
 Cash 
 (Student), Stock 
 For Investment 
 
 5000 
 
 
 5000 
 
 
 3 
 
 2 
 
 Expense 
 Cash 
 Rent for one month, check No. I 
 
 100 
 
 
 100 
 
 
 4 
 
 2 
 
 Mdse 
 Cash 
 Gave College Produce Co. check No. 2 for 
 Inv. No. i 
 
 207 
 
 
 207 
 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 13 for Mdse Sale 
 
 123 
 
 50 
 
 123 
 
 50 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 17 for Mdse Sale 
 
 95 
 
 
 95 
 
 
 4 
 
 2 
 
 Mdse 
 Cash 
 Gave U. S. Com. Co. check No. 13 for Inv. No. 2 
 
 270 
 
 
 270 
 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 34 for Mdse Sale 
 
 152 
 
 
 152 
 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 42 for Mdse Sale 
 
 133 
 
 
 133 
 
 
 4 
 
 2 
 
 Mdse 
 Cash 
 Gave College Produce Co. check No. 4 for Inv. 
 No. 3 
 
 288 
 
 
 288 
 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 52 for Mdse Sale 
 
 153 
 
 60 
 
 153 
 
 60 
 
 2 
 
 4 
 
 Cash 
 Mdse 
 Am. Mdse Co., check No. 58 for Mdse Sale 
 
 147 
 
 20 
 
 147 
 
 20 
 
 (29) 
 
FIRST EIGH1 
 
 JOURNAL 
 
 14 
 
 
 4 
 
 Mdse 
 
 243 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 243 
 
 
 
 
 
 Gave U. S. Com. Co. check No. 5 for Inv. 
 
 
 
 
 
 
 
 
 No. 4 
 
 
 
 
 
 15 
 
 
 2 
 
 Cash 
 
 190 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 190 
 
 
 
 
 
 Am. Mdse Co., check No. 107 for Mdse. sale 
 
 
 
 
 
 16 
 
 
 2 
 
 Cash 
 
 66 
 
 5o 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 66 
 
 50 
 
 
 
 
 Am. Mdse Co., check No. 112 for Mdse sale 
 
 
 
 
 
 17 
 
 
 4 
 
 Mdse 
 
 261 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 261 
 
 
 
 
 
 Gave College Produce Co. check No. 6 for Inv. 
 
 
 
 
 
 
 
 
 No. 5 
 
 
 
 
 
 18 
 
 
 2 
 
 Cash 
 
 142 
 
 50 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 142 
 
 50 
 
 
 
 
 U. S. Com. Co., check No. n for Mdse sale 
 
 
 
 
 
 19 
 
 
 2 
 
 Cash 
 
 135 
 
 80 
 
 
 
 
 
 
 Mdse 
 
 
 
 135 1 80 
 
 
 
 
 Am. Mdse Co., check No. 122 for Mdse sale 
 
 
 
 
 
 20 
 
 
 4 
 
 Mdse 
 
 225 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 225 
 
 
 
 
 Gave U. S. Com. Co. check No. 9 for Mdse sale 
 
 
 
 
 
 21 
 
 
 2 
 
 Cash 
 
 126 
 
 10 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 126 10 
 
 
 
 
 Coll. Produce Co., check No. lofor Mdse sale 
 
 
 
 
 
 22 
 
 
 2 
 
 Cash 
 
 114 
 
 
 
 
 
 
 4 
 
 Mdse. 
 
 
 
 114 
 
 
 
 
 
 Am. Mdse Co., check No. 132 for Mdse sale 
 
 
 
 
 
 23 
 
 
 4 
 
 Mdse 
 
 266 
 
 80 
 
 
 
 
 
 5 
 
 Bills Payable 
 
 
 
 266 
 
 80 
 
 
 
 
 Gave College Produce Co. my one day note, 
 
 
 
 
 
 
 
 
 Bill Reg. No. i, for Inv. No. 7 
 
 
 
 
 
 24 
 
 
 2 
 
 Cash 
 
 145 
 
 5 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 145 
 
 5<> 
 
 
 
 
 U. S. Com. Co., check No. 36 for Mdse sale 
 
 
 
 
 
 2 5 
 
 
 2 
 
 Cash 
 
 140 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 140 
 
 
 
 
 
 Am. Mdse Co., check No. 174 for Mdse sale 
 
 
 
 
 
 
 (301 
 
EIGHTY-ONE TRANSACTIONS 
 JOURNAL 
 
 
 1 
 
 
 
 
 
 
 26 
 
 
 4 
 
 Mdse 
 
 216 
 
 
 
 
 
 
 5 
 
 Bills Payable 
 
 
 
 216 
 
 
 
 
 
 Gave U. S. Com. Co. my one day note, Bills 
 
 
 
 
 
 
 
 
 Reg. No. 2, for Inv. No. 8 
 
 
 
 
 
 27 
 
 
 2 
 
 Cash 
 
 97 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 97 
 
 
 
 
 
 Am. Mdse Co., check No. 179 for Mdse sale 
 
 
 
 
 
 28 
 
 
 2 
 
 Cash 
 
 I 3 l 
 
 60 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 I3 1 
 
 60 
 
 
 
 
 Coll. Produce Co., check No. 33 for Mdse sale 
 
 
 
 
 
 ,. , 
 
 
 4 
 
 Mdse 
 
 263 
 
 9 
 
 
 
 
 
 5 
 
 Bills Payable 
 Gave Coll. Produce Co. my one day note, Bills 
 
 
 
 263 
 
 90 
 
 
 
 
 Reg. No. 3, for Inv. No. 9 
 
 
 
 
 
 3 
 
 
 5 
 
 Bills Payable 
 
 266 
 
 80 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 266 
 
 80 
 
 
 
 
 Gave College Produce Co. my check No. 8 in 
 
 
 
 
 
 
 
 
 payment of my one day note as per Bills Reg. 
 No. i 
 
 
 
 
 
 3 1 
 
 
 6 
 
 U. S. Com. Co. 
 
 281 
 
 3 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 281 
 
 3<> 
 
 
 
 
 20 brl Flour 5.00 
 
 100 
 
 
 
 
 
 
 
 3 Pork 20.00 
 
 60 
 
 
 
 
 
 
 
 5 Pickles 20.00 
 
 IOO 
 
 
 
 
 
 
 
 5 " Corn Meal 6.00 
 
 3 
 
 
 
 
 
 
 
 Less 3 % 
 
 8 
 
 70 
 
 
 
 3 2 
 
 
 4 
 
 Mdse 
 
 315 
 
 
 
 
 
 
 5 
 
 Bills Payable 
 Gave College Produce my one day note, Reg. 
 No. 4, for Inv. No. 10 
 
 
 
 315 
 
 
 33 
 
 
 5 
 
 Billi Payable 
 
 216 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 216 
 
 
 
 
 
 Gave U. S. Commission Co. check No. 9 in 
 
 
 
 
 
 
 
 
 payment of my one day note as per Bills Reg. 2 
 
 
 
 
 
 34 
 
 
 6 
 
 U. S. Com. Co. 
 
 252 
 
 20 
 
 
 
 
 
 4 
 
 Mdse. 
 
 
 
 252 
 
 20 
 
 
 
 
 10 brl Beef 12.00 
 
 120 
 
 
 
 
 
 
 
 10 ; Salt 4.00 
 
 40 
 
 
 
 
 
 
 
 10 " Fish 10.00 
 
 IOO 
 
 
 
 
 
 
 
 Less 3 # 
 
 7 
 
 80 
 
 
 
 35 
 
 
 5 
 
 Bills Pavable 
 
 263 
 
 90 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 263 
 
 90 
 
 
 
 
 Gave College Produce Co. check No. 10 in pay- 
 
 
 
 
 
 
 
 
 ment of my one day note as per Bill Reg. 3 
 
 
 
 
 
 (31) 
 
FIRST EIGHTY-ONE TRANSACTIONS 
 JOURNAL 
 
 36 
 
 
 7 
 
 " Am. Mdse Co. 
 
 87 
 
 3 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 87 
 
 10 
 
 
 
 
 5 brl Oatmeal 8.00 
 
 40 
 
 
 
 O 
 
 
 
 
 10 " Flour 5.00 
 
 50 
 
 
 
 
 
 
 
 Less 3 % 
 
 2 
 
 70 
 
 
 
 
 
 
 
 
 
 
 
 37 
 
 
 4 
 
 Mdse 
 
 l8 9 
 
 
 
 
 
 
 5 
 
 Bills Payable 
 Gave College Produce Co. my one day note, 
 
 
 
 I8 9 
 
 
 
 
 
 Bill Reg. No. 5, for Inv. No. 1 1 
 
 
 
 
 
 38 
 
 
 5 
 
 Bills Payable 
 
 3*5 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 3 T 5 
 
 
 
 
 
 Gave College Produce Co. check No. n in 
 
 
 
 
 
 
 
 
 payment of my note as per Bill Reg. 
 
 
 
 
 
 
 
 
 No. 4 
 
 
 
 
 
 39 
 
 
 7 
 
 Am. Mdse Co. 
 
 203 
 
 70 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 203 
 
 70 
 
 
 
 
 5 brl Pork 20.00 
 
 100 
 
 
 
 
 
 
 
 5 Beef 12.00 
 
 60 
 
 
 
 
 
 
 
 2 Fish 10.00 
 
 20 
 
 
 
 
 
 
 
 5 " Corn Meal 6.00 
 
 3 
 
 
 
 
 
 
 
 Less 3 % 
 
 6 
 
 30 
 
 
 
 40 
 
 
 4 
 
 Mdse 
 
 252 
 
 
 
 
 
 
 5 
 
 Bills Payable 
 
 
 
 252 
 
 
 
 
 
 Gave U. S. Com. Co. my one day note, Bill 
 
 
 
 
 
 
 
 
 Reg. No. 6, for Inv. No. 12 
 
 
 
 
 
 41 
 
 
 5 
 
 Bills Payable 
 
 189 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 189 
 
 
 
 
 
 Gave College Produce Co. check No. 12 in pay- 
 
 
 
 
 
 
 
 
 ment of my note as per Bill Reg. No. 5 
 
 
 
 
 
 42 
 
 
 7 
 
 Am. Mdse Co 
 
 155 
 
 20 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 155 
 
 20 
 
 
 
 
 20 brl Salt 4.00 
 
 80 
 
 
 
 
 
 
 
 4 ' Pork 20.00 
 
 80 
 
 
 
 
 
 
 
 Less 3 # 
 
 4 
 
 80 
 
 
 
 43 
 
 
 5 
 
 Bills Payable 
 
 252 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 252 
 
 
 
 
 
 Gave U. S. Com. Co. check No. 13 in payment 
 
 
 
 
 
 
 
 
 of my note as per Bill Reg. No. 6 
 
 
 
 
 
 
 
 
 
 
 
 
 
 44 
 
 
 6 
 
 U. S. Com. Co. 
 
 116 
 
 40 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 116 
 
 40 
 
 
 
 
 5 brl Beef 12.00 
 
 60 
 
 
 
 
 
 
 
 15 " Lime 4.00 
 
 60 
 
 
 
 
 
 
 
 Less 3% 
 
 3 
 
 60 
 
 
 
 (32) 
 

 
 4 
 6 
 
 Mdse 
 Loss and Gain 
 Gain on Mdse on closing the books, Sept. 22, 
 
 192 
 
 70 
 
 192 
 
 70 
 
 
 
 
 19 
 
 
 
 
 
 
 6 
 
 Loss and Gain 
 
 100 
 
 
 
 
 
 
 3 
 
 Expense 
 Loss on expense on closing the books, Sept. 22, 
 
 
 
 100 
 
 
 
 
 6 
 
 Loss and Gain 
 
 92 
 
 70 
 
 
 
 
 
 i 
 
 Student Stock 
 For net gain on closing the books, Sept. 22, 19 
 
 
 
 92 
 
 70 
 
 (83) 
 
 Teachers' Manual-3 
 
JOURNAL 
 PAGE 
 
 
 
 I 
 
 H. B. Burton, Stock 
 
 
 
 5000 
 
 
 
 
 2 
 
 Cash 
 
 5804 
 
 30 
 
 86 5 
 
 
 v 
 
 
 3 
 
 4 
 
 Expense 
 Merchandise 
 
 100 
 
 765 
 
 
 804 
 
 30 
 
 
 
 
 
 
 6669 
 
 3Q 
 
 6669 
 
 30 
 
 
 
 
 SECOND TRIAL BALANCE 
 
 
 
 
 
 
 
 I 
 
 H. B. Burton, Stock 
 
 
 
 5000 
 
 
 
 
 2 
 
 Cash 
 
 5714 
 
 20 
 
 729 
 
 
 
 
 3 
 
 Expense 
 
 100 
 
 
 
 
 
 
 4 
 
 Merchandise 
 
 1494 
 
 
 1579 
 
 20 
 
 
 
 ~ 
 
 
 
 
 73QS 
 
 20 
 
 7308 
 
 20 
 
 
 
 
 TRIAL BALANCE AND STATEMENT 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 i 
 
 H. B. Burton, Stock 
 
 
 
 5000 
 
 
 
 2 
 
 Cash 
 
 5499 
 
 30 
 
 1502 70 
 
 
 
 3 
 4 
 
 Expense 
 Merchandise 
 
 100 
 
 2996 
 
 70 
 
 3189 40 
 
 
 
 6 
 
 U. S. Commission Co. 
 
 649 
 
 90 
 
 
 
 
 
 7 
 
 American Merchandise Co. 
 
 446 
 
 20 
 
 
 
 
 
 
 
 9692 
 
 J2. 
 
 9692 
 
 10 
 
 ==== = 
 
 
 
 
 
 1 
 
 
 
 
 
 RESOURCES 
 
 
 
 
 
 
 
 2 
 
 Cash 
 
 399 6 
 
 60 
 
 
 
 
 
 6 
 
 U. S. Commission Co. 
 
 649 , 90 
 
 
 
 
 7 
 
 American Merchandise Co. 
 
 446 
 
 20 
 
 509 2 70 
 
 
 
 
 H. B. Burton's Present Worth 
 
 
 
 592 
 
 70 
 
 
 
 
 GAINS 
 
 
 
 
 
 
 
 4 
 
 Mdse Sold 
 
 3189 
 
 40 
 
 
 
 
 
 
 " Cost 
 
 2996 
 
 70 
 
 
 
 
 
 
 " Gain 
 
 
 
 I 9 2 
 
 70 
 
 
 
 
 LOSSES 
 
 
 
 
 
 
 
 3 
 
 Expense 
 
 
 
 100 
 
 
 ( 
 
 
 
 H. B. Burton's Net Gain 
 
 
 
 
 92 7 
 
 
 
 
 H. B. BURTON, STOCK 
 
 
 
 
 
 
 
 
 Cr. by Net Investment 
 
 5000 
 
 
 
 
 
 
 
 " " Net Gain 
 
 92 
 
 70 
 
 5Q92 
 
 70 
 
 = 
 
 = 
 
 
 H. B. Burton's Present Worth 
 
 = 
 
 = 
 
 5092 
 
 70 
 
 
 
 (34) 
 
JOURNAL PAGE 7 
 
 Sep. 
 
 30 
 
 i 
 
 2 
 
 6 
 
 7 
 
 H. B. Burton, Stock 
 Cash 
 U. S. Com. Co. 
 Am. Mdse. Co. 
 
 3996 
 649 
 .446 
 
 5092 
 
 60 
 90 
 
 20 
 JJO 
 
 5092 
 
 70 
 
 5092 
 
 70 
 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 
 
 Present Worth 
 
 
 5092 
 
 70 
 
 Sep. 
 
 10 
 
 1st, 2nd and 3rd T. Bal. 
 
 i 
 
 5000 
 
 
 
 
 
 
 
 
 
 
 Gain 
 
 S 
 
 92 
 
 70 
 
 
 
 
 
 
 
 
 5092 
 
 12. 
 
 
 
 
 
 
 5092 [70 
 
 
 
 
 
 
 
 
 
 Present Worth 
 
 n ~ ~- 
 
 5092 
 
 70 
 
 
 
 Present Worth 
 
 
 5272 
 
 47 
 
 
 
 Gain 
 
 
 179 
 
 77 
 
 
 
 
 
 5272 
 
 47 
 
 
 
 
 
 5272 
 
 47 
 
 
 
 
 
 
 " 
 
 
 
 Present Worth 
 
 
 5272 | 47 
 
 CASH 
 
 I 9 
 
 
 
 
 
 
 19, 
 
 
 
 
 
 
 Sep. 
 
 10 
 
 
 i 
 
 5000 
 
 
 Sep. 
 
 10 
 
 
 i 
 
 100 
 
 
 
 12 
 
 
 i 
 
 123 
 
 50 
 
 
 12 
 
 
 i 
 
 207 
 
 
 
 
 
 i 
 
 95 
 
 
 
 
 
 i 
 
 270 
 
 
 
 
 
 i 
 
 152 
 
 
 
 13 
 
 
 i 
 
 288 
 
 
 
 
 
 i 
 
 133 
 
 
 
 
 1st Trial Bal. 
 
 
 865 
 
 
 
 13 
 
 
 i 
 
 153 
 
 60 
 
 
 
 Balance 
 
 
 4939 
 
 jo 
 
 
 
 
 i 
 
 147 
 
 20 
 
 
 
 
 
 
 
 
 
 ___ 
 
 1st Trial Bal. 
 
 , 
 
 5804 
 
 ~3 
 
 
 
 
 
 58Q4 
 
 "30 
 
 Sep. 
 
 14 
 
 Balance 
 
 
 4939 
 
 3 
 
 Se^ 
 
 ~i7 
 
 
 2 
 
 243 
 
 
 
 
 
 2 
 
 190 
 
 
 
 
 
 2 
 
 261 
 
 
 
 
 
 2 
 
 66 
 
 5 
 
 
 15 
 
 
 2 
 
 225 
 
 
 
 15 
 
 
 2 
 
 142 
 
 50 
 
 
 
 2nd Trial Bal 
 
 
 729 
 
 
 
 
 
 2 
 
 135 
 
 80 
 
 
 
 Balance 
 
 
 49S5 
 
 20 
 
 
 
 
 2 
 
 126 
 
 10 
 
 
 
 
 
 
 
 
 
 
 2 
 
 114 
 
 
 
 
 
 
 
 
 
 
 2nd Trial Bal. 
 
 
 57H 
 
 20 
 
 
 
 
 
 5/14 
 
 20 
 
 SepT 
 
 1? 
 
 Balance 
 
 
 4985 
 
 2O 
 
 SelT 
 
 1 
 
 
 3 
 
 ^JL* 
 
 266 
 
 ~So~ 
 
 
 
 2 
 
 145 
 
 50 
 
 
 
 
 3 
 
 216 
 
 
 
 
 
 2 
 
 140 
 
 
 
 18 
 
 
 3 
 
 ; 263 
 
 90 
 
 
 
 
 3 
 
 97 
 
 
 
 19 
 
 
 4 
 
 3 J 5 
 
 
 
 17 
 
 
 3 
 
 131 
 
 60 
 
 
 22 
 
 
 4 
 
 189 
 
 
 
 
 
 
 
 
 
 28 
 
 
 4 
 
 252 
 
 
 
 
 
 
 
 
 
 
 3rd Trial Bal. 
 
 
 1502 
 
 70 
 
 
 
 
 
 
 
 
 
 Balance 
 
 
 3996 
 
 60 
 
 = 
 
 
 3rd Trial Bal. 
 
 Balance 
 
 
 5499 
 
 "30" 
 
 
 
 
 
 5499 
 
 I 
 
 JO 
 
 
 
 399 6 
 
 60 
 
 
 
 
 
 
 
 6 
 
 304 
 
 
 
 
 
 6 
 
 414 
 
 
 
 
 
 6 
 8 
 
 266 
 1678 
 
 TO 
 
 
 
 
 7 
 7 
 
 207 
 228 
 
 
 
 
 
 8 
 8 
 
 58 
 245 
 
 2O 
 
 76 
 
 
 
 
 8 
 8 
 
 209 
 360 
 
 
 
 
 
 9 
 
 132 
 
 6 7 
 
 
 
 
 8 
 
 756 
 
 
 
 
 
 
 395 
 
 27 
 
 
 
 
 
 
 5 
 
 NOTE -For compactness in making up the pages, the year date was omitted after somt 
 of the double rulings. The dates standing in the date columns were assumed. 
 
 (35) 
 

 
 LEDGER 
 
 C.XP 
 
 KNSM 
 
 
 PAGE 3 
 
 19 
 
 Sep. 
 
 10 
 
 1st, 2nd and 3rd T. Bal. 1 j 
 1= 
 
 4- 
 
 
 
 
 
 Loss 5 ioo 
 
 HP- r 
 
 MERCHANDISE 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Sep. 
 
 12 
 
 
 i 
 
 207 
 
 
 Sep. 
 
 12 
 
 
 
 123 
 
 50 
 
 
 
 
 i 
 
 270 
 
 
 
 
 
 
 95 
 
 
 
 13 
 
 1st Trial Bal. 
 
 i 
 
 288 
 766 
 
 
 
 
 
 
 152 
 
 
 
 14 
 
 
 2 
 
 2 
 
 1 243 
 26l 
 
 
 
 13 
 
 
 
 11 
 
 60 
 
 20 
 
 
 16 
 
 2nd Trial Bal. 
 
 2 
 
 266 
 
 216 
 
 80 
 
 
 14 
 
 1st Trial Bal. 
 
 2 
 2 
 
 804 
 190 
 
 66 
 
 30 
 50 
 
 
 17 
 19 
 
 22 
 
 3rd Trial Bal. 
 
 Gain 
 
 3 
 3 
 3 
 4 
 4 
 
 5 
 
 263 
 
 315 
 I8 9 
 252 
 2996 
 I 9 2 
 
 90 
 
 70 
 70 
 
 
 15 
 
 16 
 
 2nd Trial Bal. 
 
 2 
 2 
 2 
 2 
 
 2 
 2 
 
 142 
 
 135 
 126 
 114 
 
 1579 
 145 
 140 
 
 
 
 10 
 
 20 
 
 50 
 
 
 
 
 
 
 
 
 
 
 3 
 
 97 
 
 
 
 
 
 
 
 
 
 17 
 
 
 3 
 
 
 60 
 
 
 
 
 
 
 
 
 
 
 3 
 
 281 
 
 30 
 
 
 
 
 
 
 
 
 18 
 
 
 3 
 
 252 
 
 20 
 
 
 
 
 
 
 
 
 
 
 4 
 
 87 
 
 30 
 
 
 
 
 
 
 
 
 19 
 
 
 4 
 
 203 
 
 70 
 
 
 
 
 
 
 
 
 24 
 
 
 4 
 
 155 
 
 2O 
 
 
 
 
 
 
 
 
 
 
 4 
 
 116 
 
 40 
 
 
 
 
 
 
 
 EE 
 
 4^> 
 
 
 
 3rd Trial Bal. 
 
 
 3189 
 
 40 
 
 Sep. 
 
 23 
 
 
 ~ 
 
 414 
 
 
 
 
 
 V 
 
 446 
 
 20 
 
 
 
 
 6 
 
 540 
 
 
 
 
 
 6 
 
 304 
 
 
 
 
 
 6 
 
 756 
 
 
 
 
 
 6 
 
 266 
 
 
 
 
 
 6 
 
 230 
 
 
 
 
 
 6 
 
 310 
 
 40 
 
 
 
 
 6 
 
 240 
 
 
 
 
 
 6 
 
 310 
 
 40 
 
 
 
 
 6 
 
 220 
 
 
 
 
 
 6 
 
 194 
 
 
 
 
 
 6 
 
 3 60 
 
 
 
 
 
 6 
 
 223 
 
 10 
 
 
 
 
 6 
 
 I 93 
 
 50 
 
 
 
 
 6 
 
 232 
 
 80 
 
 
 
 Gain 
 
 6 
 
 135 
 
 34 
 
 
 
 
 6 
 
 58 
 
 20 
 
 
 
 
 
 
 
 
 
 
 6 
 
 97 
 
 
 
 
 
 
 
 
 
 
 
 6 
 
 58 
 
 20 
 
 
 
 
 
 
 
 
 
 
 6 
 
 247 
 
 
 
 
 
 
 
 
 
 
 
 6 
 
 133 
 
 
 
 
 
 
 
 
 
 
 
 6 
 
 1 123 
 
 67 
 
 
 
 
 
 
 
 
 
 
 6 
 
 -Jl 
 
 J87. 
 
 
 
 
 
 3088" 
 
 "84 
 
 
 
 
 
 3088 
 
 84 
 
 " 
 
 " 
 
 
 -" 
 
 M*M^_ 
 
 *"^"~ 
 
 ^^^^^ 
 
 ""*"" 
 
 
 
 
 
 
 "' '"' 
 
 (36) 
 
BILLS PAYAHLE 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 Sep. 
 
 17 
 
 
 3 
 
 266 
 216 
 
 80 : 
 
 Sep. 1 6 
 
 
 2 
 
 3 
 
 266 80 
 216 
 
 
 18 
 
 
 3 
 
 263 
 
 90 
 
 17 
 
 
 3 
 
 263 90 
 
 
 19 
 
 22 
 
 
 4 
 4 
 
 315 
 189 
 
 
 19 
 
 
 3 
 4 
 
 315 
 189 
 
 
 
 28 
 
 
 5 
 
 252 
 
 ~ 
 
 22 
 
 
 4 
 
 252 
 
 
 
 
 
 
 1502 
 
 
 j 
 
 
 
 
 1502 
 
 = 
 
 
 
 
 "T 
 
 "756" 
 
 
 
 
 ~6~ 
 
 "756 
 
 
 U. S. COM. Co. 
 
 19 
 
 
 
 
 
 
 
 
 
 
 ' 
 
 
 Sep. 
 
 17 
 
 
 3 
 
 281 
 
 30 
 
 
 
 
 6 
 
 540 
 
 
 
 19 
 
 
 
 252 
 
 20 
 
 
 
 
 
 
 
 
 24 
 
 
 4 
 
 116 
 
 40 
 
 
 
 
 
 
 
 
 
 3rd Trial Bal. 
 
 
 649 
 
 90 
 
 
 
 
 
 
 
 
 
 
 7 
 
 232 80 
 
 
 
 
 
 
 
 
 
 
 7 
 
 97 
 
 
 
 
 
 
 
 
 
 
 
 8 
 
 123 
 
 67 
 
 
 
 
 
 
 
 AMERICAN MDSE Co. 
 
 1 9 
 
 
 
 
 
 
 
 
 
 
 ! 
 
 
 Sep. 
 
 18 
 
 
 4 
 
 87 
 
 30 
 
 
 
 
 8 
 
 11678 
 
 10 
 
 
 
 
 4 
 
 203 
 
 70 
 
 
 
 
 
 I 
 
 
 
 24 
 
 
 4 
 
 J 55 
 
 20 
 
 
 
 
 
 
 
 
 
 3rd Trial Bal. 
 
 
 446 
 
 20 
 
 
 
 
 
 
 
 
 
 
 6 
 
 446 
 
 20 
 
 
 
 
 
 
 
 
 
 
 6 
 
 310 
 
 4 
 
 
 
 
 
 
 
 
 
 
 6 
 
 194 
 
 
 
 
 
 
 
 
 
 
 
 7 
 
 223 
 
 IO 
 
 
 
 
 
 
 
 
 
 
 7 
 
 58 
 
 20 
 
 
 
 
 
 
 
 Loss AND GAIN 
 
 19 
 
 
 
 
 
 
 
 J 9 
 
 
 
 
 
 
 Sep. 
 
 30 
 
 Expense 
 H. B. Burton 
 
 5 
 5 
 
 100 
 
 92 
 
 7 
 
 Sep. 
 
 30 
 
 Mdse 
 
 5 
 
 I 9 2 
 
 70 
 
 
 
 
 
 IQ2 
 
 22. 
 
 
 
 
 
 _i2i 
 
 2. 
 
 
 
 Int. and Dis. 
 
 9 
 
 I 
 
 57 
 
 
 
 Mdse 
 
 Q 
 
 IIS 
 
 34 
 
 
 
 H. B. Burton 
 
 9 
 
 I7Q 
 
 77 
 
 
 
 Mdse Discount 
 
 9 
 
 46 
 
 
 
 
 = 
 
 
 = 
 
 181 
 
 3JL 
 
 = 
 
 = 
 
 
 =; 
 
 181 
 
 Ji 
 
 (37) 
 
LEDGER 
 
 PAGE 3 
 
 
 
 
 7 
 
 58 
 
 20 
 
 
 
 
 8 
 
 58 
 
 20 
 
 
 
 
 8 
 
 247 
 
 
 
 
 
 8 
 
 247 
 
 
 
 
 
 
 133 
 
 
 
 
 
 8 
 
 133 
 
 
 PAGE 10 COLLEGE PROD. Co. 
 
 
 
 
 6 
 
 310 
 
 40 
 
 
 
 
 6 
 
 230 
 
 
 
 
 
 7 
 
 230 
 
 
 
 
 
 7 
 
 240 
 
 
 
 
 
 7 
 
 240 
 
 
 
 
 
 7 
 
 220 
 
 
 
 
 
 8 
 
 220 
 
 
 
 
 
 9 
 
 395 
 
 27 
 
 
 
 
 9 
 
 84 
 
 8? 
 
 
 
 
 
 
 
 MDSE Dis. PAGE ,, 
 
 - 
 
 
 Gain 
 
 9 
 
 46 
 
 
 
 
 
 7 
 
 23 
 
 
 
 
 
 
 
 
 
 
 7 
 
 12 
 
 
 
 
 
 
 
 
 
 
 
 8 
 
 II 
 
 
 = 
 
 = 
 
 
 
 
 46 
 
 = 
 
 
 
 = 
 
 
 = 
 
 46 
 
 = 
 
 INT. AND Dis. 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Sep. 
 
 23 
 
 
 8 
 
 I 
 
 24 
 
 Sep. 
 
 23 
 
 Loss 
 
 9 
 
 i 
 
 57 
 
 
 
 9 
 
 
 33 
 
 
 
 
 
 
 
 
 
 
 I 
 
 57 
 
 
 
 
 
 i 
 
 57 
 
 i 
 
 
 
 
 
 
 
 
 
 
 
 (38) 
 
FIRST EIGHTY-ONE TRANSACTIONS 
 JOURNAL 
 
 1 
 
 
 
 
 
 
 48 
 
 
 4 
 
 Mdse 
 
 414 
 
 
 
 
 
 
 2 Cash 
 
 
 
 414 
 
 
 
 
 
 Gave College Prod. Co. my check No. 14 for 
 
 
 
 
 
 
 
 
 Inv. No. 13 
 
 
 
 
 
 49 
 
 
 7 
 
 American Mdse Co. 
 
 446 
 
 20 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 446 
 
 2O 
 
 
 
 
 20 brl Flour 5.00 
 
 100 
 
 
 
 
 
 
 12 Pork 20.00 
 
 240 
 
 
 
 
 
 
 10 Beef 12.00 
 
 120 
 
 
 
 
 
 
 Less 3 % 
 
 13 
 
 80 
 
 
 
 4 
 
 Mdse 
 
 540 
 
 
 
 
 6 
 
 U. S. Commission Co. 
 
 
 
 540 
 
 
 
 
 Bo't Mdse on % as per Inv. No. 14, io# off 
 
 
 
 
 
 
 
 from list 
 
 
 
 
 
 51 
 
 2 
 
 Cash 
 
 34 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 304 
 
 
 
 
 Am. Mdse Co.'s check No. 191 for Mdse Sale 
 
 
 
 
 
 52 
 
 2 
 
 Cash 
 
 266 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 266 
 
 
 
 
 Coll. Prod. Co.'s check No. 38 for Mdse Sale 
 
 
 ' 
 
 
 
 53 
 
 4 
 
 Mdse 
 
 756 
 
 
 
 
 
 5 
 
 Bills Payable 
 
 
 
 756 
 
 
 
 
 Gave U. S. Commission Co. my one day note 
 
 
 
 
 
 
 
 Reg. No. 7 for Inv. No. 15 
 
 
 
 
 
 54 
 
 7 
 
 American Mdse Co. 
 
 310 
 
 40 
 
 
 
 
 4 
 
 Mdse 
 40 brl Flour 5.00 
 
 200 
 
 
 3 IO 
 
 40 
 
 
 
 6 " Pork 20.00 
 
 1 2O 
 
 
 
 
 
 
 Less 3% 
 
 9 
 
 60 
 
 
 
 5 5 
 
 9 
 
 College Produce Co. 
 
 
 40 
 
 
 
 4 
 
 Mdse 
 20 brl Salt 4.00 
 
 80 
 
 
 3 IO 
 
 40 
 
 
 20 " Beef 12.00 
 
 240 
 
 
 
 
 
 
 Less 3% 
 
 9 
 
 60 
 
 
 
 56 
 
 
 7 
 
 American Mdse Co. 
 
 1 04 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 * 37T" 
 
 
 194 
 
 
 
 
 
 20 brl Fish 10.00 
 
 200 
 
 
 
 
 
 
 
 Less 3 % 
 
 6 
 
 
 
 
 5 7 
 
 
 4 
 
 Mdse 
 
 
 
 
 
 
 9 
 
 College Produce Co. 
 
 
 
 230 
 
 
 
 
 Bo't Mdse on % as per Inv. No. 16, 10 days 
 10 # dis., otherwise net 
 
 
 
 
 
 (39) 
 
FIRST CI8HTY-ONE TRANSACTIONS 
 JOURNAL 
 
 c8 
 
 
 7 ' 
 
 American Mdse Co. 
 
 223 
 
 10 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 223 
 
 IO 
 
 
 
 
 10 brl Flour 5.00 
 
 50 
 
 
 
 
 
 
 
 4 " Pork 20.00 
 
 80 
 
 
 
 
 
 
 
 5 Beef 12.00 
 
 60 
 
 
 
 
 
 
 
 10 Salt 4.00 
 
 40 
 
 
 
 
 
 
 
 Less 3 % 
 
 6 
 
 90 
 
 
 
 r Q 
 
 
 4 
 
 Mdse 
 
 240 
 
 
 
 
 o y 
 
 
 9 
 
 College Produce Co. 
 
 
 
 240 
 
 
 
 
 
 Bo't Mdse on % as per Inv. No. 17, 10 days 5% 
 
 
 
 
 
 
 
 
 dis., otherwise net 
 
 
 
 
 
 60 
 
 
 6 
 
 U. S. Commission Co. 
 
 232 
 
 80 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 232 
 
 80 
 
 
 
 
 10 brl Fish 10.00 
 
 100 
 
 
 
 
 
 
 
 3 Pickles 20.00 
 
 60 
 
 
 
 
 
 
 
 10 " Oatmeal 8.00 
 
 80 
 
 
 
 
 
 
 
 Less 3 # 
 
 7 
 
 20 
 
 
 
 61 
 
 
 4 
 
 Mdse 
 
 220 
 
 
 
 
 
 
 9 
 
 College Produce Co. 
 
 
 
 220 
 
 
 
 
 
 Bo't Mdse on % as per Inv. No. 18, 10 days 5% 
 
 
 
 
 
 
 
 
 dis., otherwise net 
 
 
 
 
 
 62 
 
 
 9 
 
 College Produce Co. 
 
 230 
 
 
 
 
 
 
 10 
 
 Mdse Dis. 
 
 
 
 2 3 
 
 
 
 
 2 
 
 Cash 
 
 
 
 207 
 
 
 
 
 
 Gave College Produce Co. my check No. 15 in 
 full for Inv. No. 16 less io#. Discount for 
 
 
 
 
 
 
 
 
 Cash 10 days 
 
 
 
 
 
 63 
 
 
 7 
 
 American Mdse Co. 
 
 58 
 
 2O 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 58 
 
 2O 
 
 
 
 
 10 brls. Cornmeal 6.00 
 
 60 
 
 
 
 
 
 
 
 Less 3 % 
 
 I 
 
 80 
 
 
 
 64 
 
 
 6 
 
 U. S. Commission Co. 
 
 O7 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 yt 
 
 
 97 
 
 
 
 
 
 20 brl Flour 5.00 
 
 IOO 
 
 
 
 
 
 
 
 Less 3 # 
 
 3 
 
 
 
 
 65 
 
 
 9 
 
 10 
 
 .College Produce Co. 
 Mdse Dis. 
 
 240 
 
 
 12 
 
 
 
 
 2 
 
 Cash 
 
 
 
 228 
 
 
 
 
 
 Gave College Produce Co. my check No. 16 in 
 full for Jnv. No. 17 less 5$. Discount for 
 
 
 
 
 
 
 
 
 Cash 10 days 
 
 
 
 
 
 66 
 
 
 8 
 
 Bills Rec. Reg. No. i 
 
 58 
 
 2O 
 
 
 
 
 
 4 
 
 Mdse 
 3 brls. Pork 20.00 
 
 O 
 
 60 
 
 
 58 
 
 20 
 
 
 
 
 Less 3 % 
 
 i 
 
 80 
 
 
 
 (40) 
 
FIRST EIGHTY-ONE TRANSACTIONS 
 JOURNAL 
 
 67 
 
 
 2 
 
 Cash 
 
 1678 
 
 10 
 
 
 
 
 
 7 
 
 American Mdse Co. 
 
 
 
 1678 
 
 10 
 
 
 
 
 Their check No. 204 in full of acct to date 
 
 
 
 
 
 68 
 
 
 9 
 
 College Produce Co. 
 
 220 
 
 
 
 
 
 
 10 
 
 Mdse Dis. 
 
 
 
 II 
 
 
 
 
 2 
 
 Cash 
 
 
 
 209 
 
 
 
 
 
 Gave College Produce Co. my check No. 17 in 
 
 
 
 
 
 
 
 
 full for Inv. No. 18, less 5 %. Cash 10 days 
 
 
 
 
 
 69 
 
 4 
 
 Mdse 
 
 360 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 360 
 
 
 
 
 
 Gave American Mdse Co. my check No. 18 for 
 
 
 
 
 
 
 
 
 Inv. No. 19 
 
 
 
 
 
 
 
 5 
 
 Bills Payable 
 
 756 
 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 756 
 
 
 
 
 
 Gave U. S. Commission Co. my check No. 19 
 
 
 
 
 
 
 
 
 in payment of my note as per B Reg. No. 7 
 
 
 
 
 
 
 
 2 
 
 Cash 
 
 58 
 
 20 
 
 
 
 
 8 
 
 Bills Rec. 
 
 
 
 58 
 
 20 
 
 
 
 
 American Mdse Co.'s check No. 213 in pay- 
 
 
 
 
 
 
 
 
 ment of their one day note, Reg. No. i 
 
 
 
 
 
 7 
 
 
 8 
 
 Bills Rec. Reg. No. 2 
 
 247 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 247 
 
 
 
 
 10 brl Beef 12.00 
 
 120 
 
 
 
 
 
 
 10 ' Salt 4.00 
 
 40 
 
 
 
 
 
 
 10 " Fish 10.00 
 
 100 
 
 
 
 
 
 
 Less 5 % 
 
 13 
 
 
 
 
 71 
 
 
 8 
 
 Bills Rec. Reg. No. 3 
 
 133 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 133 
 
 
 
 
 
 5 brl Pickles 20.00 
 
 IOO 
 
 
 
 
 
 
 
 5 ' Oatmeal 8.00 
 
 40 
 
 
 
 
 
 
 
 Less 5 % 
 
 7 
 
 
 
 
 72 
 
 
 4 
 
 Mdse 
 
 193 
 
 50 
 
 
 
 
 
 2 
 
 Cash 
 
 
 
 193 
 
 50 
 
 
 
 
 Gave American Mdse Co. my check No. 20 for 
 
 
 
 
 
 
 
 
 Inv. No. 20 
 
 
 * 
 
 
 
 73 
 
 
 2 
 
 Cash 
 
 2 45 
 
 76 
 
 
 
 
 
 r i 
 
 Int. and Dis. 
 
 i 
 
 24 
 
 
 
 
 
 8 
 
 Bill Rec. 
 
 
 
 247 
 
 
 
 
 Discounted at Mer. Bank College Produce Co.'s 
 
 
 
 
 
 
 
 
 30 day note, Reg. No. 2, net proceeds placed 
 
 
 
 
 
 
 
 
 to my credit 
 
 
 
 
 
 74 
 
 
 6 
 
 U. S. Commission Co. 
 
 123 
 
 6? 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 123 
 
 67 
 
 
 
 
 30 Cords Fir Wood 4. 25 
 
 127 
 
 50 
 
 
 
 
 
 
 Less 3 
 
 3 
 
 83 
 
 
 
 (41) 
 
75 
 
 
 9 
 
 College Produce Co. 
 
 84 
 
 87 
 
 
 
 
 
 4 
 
 Mdse 
 
 
 
 84 
 
 87 
 
 
 
 
 25 Cords Spruce Wood 3.50 
 
 87 
 
 50 
 
 W *T 
 
 *'/ 
 
 
 
 
 Less z% 
 
 2 
 
 63 
 
 
 
 7 6 
 
 
 2 
 
 Cash 
 
 132 
 
 67 
 
 
 
 
 
 1 1 
 
 Int. and Dis. 
 
 
 33 
 
 
 
 
 
 
 Bills Rec. 
 
 
 
 J77 
 
 
 
 
 Discounted at Mer. Bank U.S. Com. Co.'s 15 
 
 
 
 *O3 
 
 
 
 
 
 day note, Reg. No. 3, net proceeds placed to 
 my credit 
 
 
 
 
 
 77 
 
 
 2 
 
 Cash 
 
 395 
 
 27 
 
 
 
 
 
 9 
 
 College Produce Co. 
 Rec'd College Produce Co.'s check No. 46 in 
 
 
 
 395 
 
 27 
 
 
 
 
 full for acct to date 
 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 135 
 
 34 
 
 
 
 
 
 6 
 
 Loss and Gain 
 
 
 
 135 
 
 34 
 
 
 
 
 Gain on Mdse on closing the books, Sept. 25, 
 
 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 
 10 
 
 Mdse Dis. 
 
 46 
 
 
 
 
 
 
 6 
 
 Loss and Gain 
 
 
 
 46 
 
 
 
 
 
 Gain on Mdse Dis. on closing the books, Sept. 
 
 
 
 
 
 
 
 
 25, 19 
 
 
 
 
 
 
 6 
 
 Loss and Gain 
 
 i 
 
 57 
 
 
 
 
 1 1 
 
 Int. and Dis. 
 
 
 
 i 
 
 57 
 
 
 
 Loss on Dis. on closing the books, Sept. 25, 19 
 
 
 
 
 
 
 6 
 
 Loss and Gain 
 
 179 
 
 77 
 
 
 
 
 i 
 
 (Student) Stock 
 Net Gain of the business on closing the books, 
 
 
 
 179 
 
 77 
 
 
 
 Sept. 25, 19 
 
 
 
 
 
 NOTE.- 
 may have hi 
 
 -If the teacher prefers to have all the closing entries ma 
 s students make them as follows: 
 
 deby 
 
 Jou 
 
 rnal entry, he 
 
 
 
 
 For first closing: 
 
 
 1 
 
 
 
 
 
 
 H. B. Burton, Stock, or Present Worth 
 
 5002 
 
 Z 
 
 
 
 
 
 
 H. B. Burton, Stock, or Present Worth 
 
 
 5092 
 
 7 
 
 
 
 
 Cash, Balance 
 
 4939 
 
 3 
 
 
 
 
 
 
 Cash, Balance 
 
 
 
 4939 
 
 3 
 
 
 
 For second closing:: 
 
 
 
 
 
 
 H. B. Burton, Stock, or Present Worth 
 
 5272 
 
 471 
 
 
 
 
 H. B. Burton, Stock, or Present Worth 
 
 
 
 5272 
 
 17 
 
 
 Cash, Balance 
 
 4985 
 
 20 
 
 
 
 
 
 
 Cash, Balance 
 
 
 
 4985 
 
 20 
 
 
 
 
 For third closing of cash: 
 
 
 
 
 
 
 
 
 Cash, Balance 
 
 399 6 
 
 60 
 
 
 
 
 
 
 Cash, Balance 
 
 
 
 399 6 
 
 60 
 
 In event all closing entries are journalized and posted, then all entries in the Ledger will 
 appear as haying been posted from a book of original entry, and reference may be given for 
 every entry in the Ledger. See pages 37-38 Guide. Note that the student is to follow his 
 teacher's preference, and close direct or by Journal entry, as the teacher may prefer. 
 
 (42) 
 
JOURNALIZING EXAMINATION 
 
 (1) Expense to cash $150.00 
 
 (2) Mdse to Cash 1 23 . 40 
 
 (3) Mdse to Bills Payable 560 . 50 
 
 (4) Mdse to Redner Bros 67 . 80 
 
 (5) Bills Receivable to Mdse 120.25 
 
 (6) Mdse to Bills Payable 142 .00 
 
 (7 ) L. E. Haywood to Mdse 42 . 20 
 
 (8 ) Cash to Mdse 360 . oc 
 
 (9) Bills Receivable to Mdse 562 .80 
 
 (10) Mdse to Bills Payable 335 .00 
 
 ( 1 1 ) Expense to Cash .50 
 
 (12) Expense to Cash 4 . 50 
 
 (13) Expense to Cash 7-25 
 
 (14) Bills Receivable to Mdse 190 . 60 
 
 (15) No entry, only record 
 
 (16) A. B. Curtis! 60.00 
 Cash 300.00 
 
 To Mdse 360 . oo 
 
 (17) Mdse to G. G. Gill* 12.25 
 
 (18) Cash to Mdse 254.00 
 
 (19) Mdse to Bills Payable 725 .00 
 
 (20) Mdse to Cash no.oo 
 
 (21) Redner Bros, to Cash 50.00 
 
 (22) A. B. Mills to Cash 135 .00 
 
 (23) Bills Receivable to Mdse 35-7 
 
 (24) Cash to L. E. Haywood 30 .00 
 
 (25) Bills Receivable to Mdse 46.50 
 
 (26) Mdse $27.80 
 Interest and discount .10 
 
 To Cash 2 7 . 90 
 
 (27) Cash $10.00 
 Bills Receivable 25.00 
 H. M. Dunn 8.60 
 
 To Mdse 43 60 
 
 ^28) Mdse to Cash 120.50 
 
 * A Due Bill is an informal memorandum or agreement. Suit on a Due Bill would not 
 lie. Suit would have to be brought on account; therefore, the entry should be on account. 
 See page 217, Guide. 
 
 (43) 
 
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 A copartnership has this day been 
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 J. W. Jameson. His note in 
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 equally. A store at 1236 Marl 
 term of three years, at a month 
 
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 Bro't for'd 
 
 Real Estate J. W. Jameson 
 J. W. J. deeds over to the firm real estate pu 
 
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 FEB. . 
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 Settled for sale of sad inst., less a per cent 
 
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 Int. and Dis. 
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 (49) 
 
 Teachers' Manual-4 
 
SALES BOOK 
 
 PRODUCE AND PROVISION 
 
 
 19 
 
 
 
 
 
 
 
 
 
 
 
 Feb. 
 
 2 
 
 15 
 
 C. E. Hendricks 
 
 
 
 
 
 
 
 
 loo Bbl XX. Flour 
 
 5-40 
 
 540 
 
 
 
 
 
 
 
 2 Bbl C. 
 
 Sugar, 488 Lb net .03^ 
 
 17 
 
 08 
 
 
 
 
 
 
 10 Bbl Pork 
 
 
 9.00 
 
 9 
 
 
 647 
 
 08 
 
 
 3 
 
 16 
 
 Shipment 
 
 No. i 
 
 
 
 
 
 
 
 
 
 
 Shipped to A. A. Allen, 
 
 Alma, Mich., 
 
 
 
 
 
 
 
 
 100 Bbl XX. Flour 
 
 5-50 
 
 
 
 550 
 
 
 
 5 
 
 19 
 
 E. Freeman 
 
 
 
 
 
 
 
 
 10 Bbl Golden Syrup, 
 20 Bbl N. O. Molasses 
 
 430 Gal net .56 
 877 Gal net .75 
 
 240 
 657 
 
 80 
 
 75 
 
 898 
 
 55 
 
 
 10 
 
 , 7 
 
 Shipment No. 2 
 
 
 
 
 
 
 
 
 Shipped W. M. Fowler, Big Rapids, Mich., 
 
 
 
 
 
 
 
 
 25 Bbl XX. Flour 
 250 Bu. Potatoes 
 
 5 .6o 
 .26 
 
 140 
 65 
 
 
 205 
 
 
 
 II 
 
 2 
 
 Bills Receivable 
 
 
 
 n6 
 
 75 
 
 
 
 
 For G. E. 
 
 Daley's note 
 
 
 
 
 
 
 22 
 
 2 
 
 Bills Receivable 
 
 
 
 06 
 
 
 
 
 
 Sold to Wm. Clark for his draft on C. J. 
 
 
 
 
 
 
 
 
 Jefferson 
 
 
 
 
 
 
 
 
 14 
 
 W. B. Balcom 
 
 
 
 
 
 
 
 
 10 Bbl Split Peas, 4480 Lb net .02^ 
 
 
 
 112 
 
 
 
 
 18 
 
 Mdse Cr. 
 
 
 
 
 
 
 264^ 
 
 18 
 
 
 
 
 
 
 
 
 
 
 PRODUCE AND PROVISION 
 
 J 
 
 . W. JAMESON, STOCK 
 
 
 
 
 
 Feb. 
 
 18 
 
 
 J 103 
 
 2000 
 
 
 Feb. i J 99 
 
 4526 82 
 
 
 2 5 
 
 
 J 104 
 
 IOOO 
 
 
 15 J 102 
 
 IOOO 
 
 
 29 
 
 J.W.J., Private 
 
 Li 
 
 2526 
 
 82 
 
 
 
 
 
 
 
 5526 
 
 82 
 
 
 
 5526 82 
 
 
 
 
 J. 
 
 W. JA 
 
 MES( 
 
 )N, PRIVATE 
 
 PAGK 1 
 
 Fel 
 
 29 
 29 
 
 (Cash) 
 (Bills Payable) 
 
 J 103 
 
 2OO 
 IOOO 
 3914 
 
 _9_2 
 
 19 
 Feb. 20 J 104 
 2 9 Loss and Gain L 1 1 
 
 29 J.W.J. Stock L i 
 
 2200 
 
 388 10 
 
 2-126 82 
 
 
 
 
 
 5U4 
 
 92 
 
 
 5114 92 
 
 [50 
 
KXAMINATION-LKDOIft 
 
 H. B. BURTON, STOCK 
 
 F& 
 
 25 
 
 
 ] 104 
 
 1000 
 
 
 Feb. 
 
 i 
 
 , 
 
 J 99 
 
 4526 
 
 82 
 
 
 2Q 
 
 Bal. 
 
 
 4914 
 
 92 
 
 
 '5 
 29 
 
 II.IUJ. Private 
 
 J 102 
 
 1OOO 
 
 388 
 
 10 
 
 
 
 __ 
 
 
 
 
 59'4 
 
 ()2 
 
 
 
 __ 
 
 
 
 5914 
 
 92 
 
 
 
 
 
 
 
 Mch 
 
 , 
 
 Hal. 
 
 L 22 
 
 4914 
 
 <>- 
 
 H. B. BURTON, I * HI v ATE 
 
 19 
 Feb. 
 
 H.B.B.Stock 
 
 Li 
 
 388 
 
 10 
 
 Loss and Gain 
 
 Ln 
 
 388 10 
 
 BILLS RECEIVABLE 
 
 Pel 
 
 j 
 
 
 99 
 
 <;8o 
 
 5 
 
 & 
 
 8 
 
 
 101 
 
 526 
 
 82 
 
 
 i 
 
 
 99 
 
 756 
 
 50 
 
 
 1 1 
 
 
 f 101 
 
 756 
 
 5 
 
 
 i 
 
 
 99 
 
 526 
 
 82 
 
 
 12 
 
 
 102 
 
 IOO 
 
 
 
 6 
 
 
 too 
 
 IOO 
 
 
 
 17 
 
 
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 980 
 
 5 
 
 
 10 
 
 
 101 
 
 15 
 
 
 
 2 5 
 
 
 104 
 
 2OOO 
 
 
 
 3 
 
 
 102 
 
 45 
 
 
 
 25 
 
 
 104 
 
 45 
 
 
 
 15 
 
 
 102 
 
 IOOO 
 
 
 
 26 
 
 
 104 
 
 136 
 
 75 
 
 
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 102 
 
 1000 
 
 
 
 29 
 
 Bal. 
 
 
 3*1 
 
 
 
 24 
 
 
 104 
 
 75 
 
 
 
 
 
 
 
 
 
 1 1 
 
 
 Si 06 
 
 136 
 
 75 
 
 
 
 
 
 
 
 
 22 
 
 
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 96 
 
 
 
 
 
 
 
 
 = 
 
 _ 
 
 
 _^^___ 
 
 5 2 7 1 
 
 57 
 
 = 
 
 _^_____ 
 
 
 
 
 5271 
 
 Ji 
 
 Mc 9 h 
 
 I 
 
 Bal. 
 
 L.22 
 
 -| 
 
 
 
 
 
 
 INTEREST AND DISCOUNT 
 
 Fe 
 
 'el 
 
 99 
 
 39 
 
 72 
 
 101 
 
 8 
 
 33 
 
 IOI 
 
 6 
 
 82 
 
 10 1 
 
 5 
 
 
 103 
 
 3 
 
 3 
 
 I0 3 
 
 8 
 
 5 
 
 104 
 
 2 
 
 24 
 
 '05 
 
 
 86 
 
 I0 5 
 
 I 
 
 7' 
 
 I0 5 
 
 
 2<; 
 
 = 
 
 7^> 
 
 46 
 
 Feb. 
 
 [ 3 
 24 
 25 
 
 26 
 
 27 
 
 2Q 
 
 Loss and gain 
 
 [52] 
 
 102 
 IO2 
 
 104 
 
 104 
 
 LIT 
 
 41 
 
 61 
 90 
 33 
 45 
 68 
 
 75 
 74 
 
REAL ESTATE 
 
 RODUCC AND PROVISION 
 X AMI NATION -LEDGER 
 
 Feb. 
 
 ; 
 
 
 J 99 
 
 2500 
 
 
 19 
 
 Feb. 
 
 29 
 
 Invry 
 
 
 4900 
 
 
 
 20 
 
 
 J 104 
 
 22OO 
 
 
 
 
 
 
 
 
 
 2Q 
 
 Loss and gain 
 
 L ii 
 
 2OO 
 
 
 
 
 
 
 
 
 
 
 
 
 4900 
 
 
 
 
 
 
 4900 
 
 
 Mc 9 h 
 
 I 
 
 Bal. 
 
 L 22 
 
 4900 
 
 
 
 
 
 
 
 
 FeL 
 
 i 
 
 
 99 
 
 200 
 
 
 19 
 Feb. 
 
 2S 
 
 
 J i4 
 
 10 
 
 
 
 1 
 
 
 100 
 
 35 
 
 
 
 2Q 
 
 Invry 
 
 
 20 
 
 
 
 13 
 
 
 102 
 
 2 5 
 
 
 
 29 
 
 Loss and gain 
 
 Ln 
 
 330 
 
 
 
 19 
 
 
 103 
 
 5 
 
 
 
 
 
 
 
 
 
 20 
 
 
 103 
 
 5o 
 
 
 
 
 
 
 
 
 
 
 
 
 360 
 
 
 
 
 
 
 3^0 
 
 
 r 9 
 
 
 
 
 
 
 
 
 
 
 
 
 Men 
 
 I 
 
 Bal. 
 
 L 22 
 
 20 
 
 
 
 
 
 
 
 
 FURNITURE AND FIXTURES 
 
 Feb. 
 Mc 9 h 
 
 i 
 
 i 
 
 Bal. 
 
 J 99 
 
 L 22 
 
 27 
 
 
 19 
 
 Feb. 
 
 29 
 29 
 
 Invry 
 Loss and gain 
 
 Ln 
 
 21 
 
 5 
 
 60 
 
 21 
 
 
 27 
 
 60 
 
 
 
 CHATTELS 
 
 FeL 
 
 
 
 J 99 
 
 275 
 
 
 IQ 
 
 Feb. 
 
 29 
 
 Invry 
 
 
 233 
 
 75 
 
 
 
 
 
 
 
 
 29 
 
 Loss and %<ii> 
 
 Ln 
 
 4i 
 
 2 5 
 
 
 
 
 
 2 75 
 
 
 
 
 
 
 _!7JL 
 
 
 Mcli 
 
 i 
 
 Hal. 
 
 L 22 
 
 233 
 
 75 
 
 
 
 
 
 
 
 [53] 
 
F. HAINES 
 
 PRODUCE AND PROVISION 
 
 PAGE 8 
 
 
 
 
 
 
 
 
 
 
 
 
 ~M>. 
 
 3 
 
 
 ] IOO 
 
 50 
 
 
 Feb. 
 
 2 
 
 
 J IOO 
 
 537 
 
 20 
 
 
 4 
 
 
 J 100 
 
 200 
 
 
 
 
 
 
 
 
 
 2Q 
 
 Bal. 
 
 
 2 8 7 
 
 20 
 
 
 
 
 
 
 
 
 
 
 
 537 
 
 20 
 
 
 
 
 
 537 
 
 20 
 
 
 
 
 
 
 
 Men 
 
 I 
 
 Bal. 
 
 L 22 
 
 287 
 
 2O 
 
 BiLL8 PAYABLE 
 
 Fe'b. 
 
 6 
 
 
 ] IOI 
 
 5000 
 
 
 J 9 
 Feb. 
 
 i 
 
 
 J 99 
 
 75 
 
 
 
 6 
 
 
 J IOI 
 
 400 
 
 
 
 i 
 
 
 99 
 
 5000 
 
 
 
 16 
 
 
 J 103 
 
 500 
 
 
 
 2 
 
 
 IOO 
 
 780 
 
 40 
 
 
 27 
 
 
 J I0 5 
 
 280 
 
 40 
 
 
 3 
 
 
 IOO 
 
 36,5 
 
 95 
 
 27 
 
 
 J 105 
 
 365 
 
 95 j 
 
 
 4 
 
 
 IOO 
 
 200 
 
 
 27 
 
 
 ,1 ios 
 
 200 
 
 
 
 8 
 
 
 IOI 
 
 500 
 
 
 
 29 
 
 Bal. 
 
 
 4804 
 
 52 
 
 
 19 
 29 
 
 (J.W.Jameson) 
 
 103 
 
 39 
 39i4 
 
 60 
 92 
 
 
 
 
 
 H550 
 
 21 
 
 
 
 
 
 11550 
 
 87 
 
 , i 
 
 
 
 
 *9 
 
 
 
 
 
 
 
 \ . 
 
 
 
 
 Mch 
 
 i 
 
 Bal. 
 
 L 22 
 
 4804 
 
 52 
 
 J. W. HILL 
 
 
 i 
 
 
 
 
 
 
 
 
 
 
 Feb. 
 
 8 
 
 
 IOI 
 
 500 
 
 
 Feb. 
 
 i 
 
 
 J 99 
 
 275 
 
 
 
 10 
 
 
 IOI 
 
 40 
 
 38 
 
 
 6 
 
 , 
 
 J IOI 
 
 680 
 
 40 
 
 
 1 1 
 
 
 IO2 
 
 798 
 
 1 1 
 
 
 29 
 
 Bal. 
 
 
 658 
 
 09 
 
 
 27 
 
 
 I0 5 
 
 2 75 
 
 
 
 
 
 
 
 
 ^^___ 
 
 
 
 
 
 
 1613 
 
 49 
 
 ^____ 
 
 
 
 
 
 
 1613 
 
 .49 
 
 ig 
 
 
 
 
 
 
 
 
 
 
 
 Mch j i 
 
 Bal. 
 
 L 22 
 
 658 
 
 09 
 
 
 
 
 
 
 
 Loss AND GAIN 
 
 I 9 
 Feb. 
 
 12 
 
 
 IO2 
 
 IOO 
 
 
 Feb. 
 
 29 
 
 Real Estate 
 
 L 4 
 
 200 
 
 
 
 29 
 2 9 
 29 
 
 Int. and Dis. 
 Expense 
 Fur. and Fix. 
 
 - 3 
 
 :. 6 
 
 23 
 330 
 5 
 
 74 
 40 
 
 
 29 
 29 
 
 Shipm't No. 2 
 Mdse 
 
 L 17 
 L 18 
 
 4 o 
 1061 
 
 50 
 09 
 
 
 29 
 
 Chattels 
 
 L 7 
 
 
 25 
 
 
 
 
 
 
 
 
 29 
 
 Shipm't No. 1 
 
 L 16 
 
 2 5 
 
 
 
 
 
 
 
 
 
 29 
 
 J. W J. Private 
 
 L i 
 
 388 
 
 10 
 
 
 
 
 
 
 
 
 29 
 
 H.B.B.Private 
 
 L i 
 
 388 
 
 10 
 
 | 
 
 
 
 
 
 
 i 
 
 
 
 
 
 
 
 
 
 
 
 
 
 __ 
 
 I 3 I 
 
 59 
 
 
 
 
 
 
 
 
 \ 1301 
 
 -& 
 
 
 
 
 
 
 
 i 
 
 
 
 
 
 
 [54] 
 
G. E. DALEY 
 
 PRODUCE AND PROVISION 
 
 ig i 
 
 
 
 
 
 ^9~ 
 
 
 
 
 
 
 Feb. ! 1 2 
 
 
 J IO2 
 
 20O 
 
 
 Feb. 
 
 4 
 
 
 J 100 
 
 465 
 
 3 
 
 
 2Q 
 
 Bal. 
 
 
 265 
 
 3 
 
 
 
 
 
 
 
 
 
 
 
 465^ 
 
 3 
 
 
 
 
 
 _^4_6JL 
 
 -32 
 
 
 
 
 
 
 
 Mch 
 
 i 
 
 Bal. 
 
 L 22 
 
 265 
 
 30 
 
 C. R. BELL 
 
 t Q 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Feb. 27 
 
 
 J 105 
 
 433 
 
 75 
 
 Feb. 
 
 i 
 9 
 
 
 J 99 
 
 J IOI 
 
 i43 
 290 
 
 75 
 
 
 
 = 
 
 
 i 
 
 =Mi 
 
 tt 
 
 = 
 
 = 
 
 
 
 
 = 43J = 
 
 
 PAGE 1 
 
 4 
 
 il 
 
 w. 
 
 B. BALCOM 
 
 Feb. 
 
 22 
 
 Bal, 
 
 Sio6 
 
 112 
 
 773 
 
 
 Pel 
 
 i 
 ii 
 
 
 J 99 
 
 J IO2 
 
 560 
 213 
 
 30 
 
 
 
 
 
 
 
 
 26 
 
 
 Jl0 4 
 
 112 
 
 
 
 
 
 
 885 
 
 30 
 
 
 
 
 
 00 - 
 
 3 
 
 
 
 
 
 
 
 Mcli 
 
 
 
 Bal. 
 
 L 22 
 
 773 
 
 
 
 
 
 
 C. E 
 
 HENDRICKS 
 
 PAGE 18 
 
 19 
 Feb. 
 
 2 
 
 
 Sio6 
 
 647 
 
 08 
 
 Feb. 
 
 3 
 
 
 J IOO 
 
 5 
 
 
 
 
 
 
 
 
 
 9 
 
 
 J IOI 
 
 200 
 
 
 
 
 
 
 
 
 
 27 
 
 
 Jios 
 
 272 
 
 25 
 
 
 
 
 
 
 
 
 27 
 
 
 105 
 
 124 
 
 83 
 
 
 
 
 
 647 
 
 08 
 
 
 
 
 
 647 
 
 08 
 
 
 
 
 
 
 
 SHIPMENT No. 1 
 
 19 
 Feb. 3 
 
 
 Sio6 
 
 55 
 
 
 Feb. 
 
 5 
 
 12 
 
 
 ] IOO 
 Jl02 
 
 200 
 
 
 
 
 
 
 
 
 2Q 
 
 Invry 
 
 
 I 5 
 
 
 
 
 
 
 
 
 29 
 
 Loss and gain 
 
 L n 
 
 25 
 
 
 = - 
 
 
 -_- 
 
 S? 
 
 
 
 __ 
 
 
 
 
 _____ 
 
 550^ 
 
 ___ 
 
 Mch 
 
 i 
 
 Bal. 
 
 L 22 
 
 I5 
 
 
 
 
 
 
 
 
 [55] 
 
PRODUCE AND PROVISION 
 EXAMINATION-LEDGER 
 
 SHIPMENT No. 2 
 
 
 
 IO 
 
 29 
 
 8 
 
 Loss and gain 
 
 Sio6 
 Ln 
 
 205 
 
 40 
 
 j 
 
 RCH 
 
 Feb. 
 
 ANDI 
 
 IO 
 
 27 
 SB 
 
 
 Jl OI 
 
 J 105 
 
 95 
 
 1 
 
 ME 
 
 
 PAGF 1 
 
 
 
 Fel 
 
 29 
 
 20 
 
 Total Purch's 
 
 Ret'd Mdse 
 Net Purchases 
 Loss and gain 
 
 Bal. 
 
 L 20 
 Ln 
 
 7187 
 7187 
 
 1061 
 
 60 
 
 ~6o 
 J8 
 
 22 
 
 .2 
 91 
 
 19 
 
 Feb. 
 
 29 
 29 
 
 29 
 29 
 
 Total Sales 
 Ret'd Mdse 
 Net Sales 
 
 Invry 
 
 Jios 
 Sio6 
 
 L 20 
 
 2339 
 
 4984 
 18 
 
 57 
 
 95 
 
 .11 
 40 
 
 M 
 
 4966 
 3241 
 
 8208 
 
 8208 
 
 Mc 9 h 
 
 I 
 
 L22 
 
 3241 
 
 
 
 
 
 E. FRBBMAN 
 
 Fei 
 
 5 
 
 
 Sio6 
 
 898 
 
 55 
 
 F& 
 
 8 
 
 
 ] 101 
 
 18 
 
 55 
 
 
 
 
 
 
 
 
 16 
 
 
 J i3 
 
 327 
 
 25 
 
 
 
 
 
 
 
 
 1 7 
 
 
 Jio3 
 
 IOO 
 
 
 
 
 
 
 
 
 
 18 
 
 
 
 407 
 
 60 
 
 
 
 
 
 
 
 
 29 
 
 Bal. 
 
 
 5 
 
 JC 
 
 
 
 
 
 898 
 
 JL5 
 
 
 
 
 
 898 
 
 55 
 
 Mc 9 h 
 
 i 
 
 Bal. 
 
 L 22 
 
 45 
 
 7, 
 
 
 
 
 
 
 
 RET'D MDSE 
 
 19 
 
 
 
 
 
 
 i 
 
 Feb. 
 
 8 
 29 
 
 Mdse 
 
 J 101 
 
 L 18 
 
 18 
 
 40 
 
 Jl 
 
 Fe 
 
 
 
 
 
 5, 8 
 
 ^9J 
 
 ?= 
 
 
 
 
 
 
 [56] 
 
 J IOI 
 
 L 18 
 
 40 38 
 
 ILJ* 
 
 58 
 
PRODUCE AND PROVISION 
 EXAMINATION-LEDGER 
 
 CA3H 
 
 F& 
 
 29 
 
 
 Ji5 
 
 13639 
 
 79 
 
 Fe'b. 
 
 29 
 
 
 J 106 
 
 11186 
 
 05 
 
 
 
 
 
 
 
 
 29 
 
 (J.W.Jameson) 
 
 
 IOOO 
 
 
 
 
 
 
 
 
 
 2Q 
 
 Bal. 
 
 
 1453 
 
 74 
 
 ______ 
 
 ___ 
 
 
 ______ 
 
 1.3639 
 
 -19 
 
 
 
 ___, 
 
 
 
 
 13639 
 
 79. 
 
 Mc 9 h 
 
 ' 
 
 Bal. 
 
 
 1453 
 
 74 
 
 
 
 
 
 
 
 BALANCE OF BALANCES, OR BALANCE SHEET 
 
 F& 
 
 29 
 
 Bills Rec. 
 
 L 2 
 
 321 
 
 I 
 
 Feb. 
 
 29 
 
 F. Haines 
 
 L 8 
 
 287 
 
 20 
 
 
 2 9 
 
 29 
 
 Real Estate 
 Expense 
 
 L 4 
 
 L 5 
 
 4900 
 
 20 
 
 
 
 29 
 
 29 
 
 G. E. Daley 
 W. B. Balcom 
 
 L 12 
 
 Li 4 
 
 265 
 773 
 
 30 
 30 
 
 
 29 
 
 Fur. and Fix. 
 
 L 6 
 
 21 
 
 60 
 
 
 29 
 
 Bills Pay. 
 
 L q 
 
 4804 
 
 S2 
 
 
 29 
 
 Chattels 
 
 L 7 
 
 333 
 
 7S 
 
 
 29 
 
 H. B. B. Stock 
 
 L i 
 
 4914 
 
 92 
 
 
 29 
 
 J. W. Hill 
 
 L 10 
 
 558 
 
 oq 
 
 
 
 
 
 
 
 
 29 
 
 Shipm't No. 1 
 
 L 16 
 
 I5P 
 
 
 
 
 
 
 
 
 
 29 
 
 Mdse 
 
 L 18 
 
 3241 
 
 9i 
 
 
 
 
 
 
 
 
 29 
 
 E. Freeman 
 
 L 21 
 
 45 
 
 IS 
 
 
 
 
 
 
 
 
 29 
 
 Cash 
 
 L 21 
 
 I4.S3 
 
 74 
 
 
 
 
 
 
 
 = 
 
 
 
 = 
 
 1104^ 
 
 =H 
 
 
 
 
 = 
 
 1104 5 
 
 M. 
 
 
 
 
 
 
 [57] 
 
FEBRUARY 29, 19 
 
 PROD ANDPROV. 
 EXAMINATION 
 
 . 
 
 
 
 TRIAL BALANCE AND STATEMENT 
 
 
 
 
 
 
 
 i 
 
 J. W. Jameson, Stock 
 
 3000 
 
 
 5526 
 
 82 
 
 
 
 i 
 i 
 
 J. W. Jameson, Private 
 H. B. Burton, Stock 
 
 200 
 IOOO 
 
 
 
 22OO 
 5526 
 
 82 
 
 
 
 2 
 
 Bills Receivable 
 
 5271 
 
 57 
 
 495 
 
 57 
 
 
 
 3 
 
 Int. and Dis. 
 
 7 6 
 
 4 6 
 
 52 
 
 7 2 
 
 
 
 4 
 
 Real Estate (Invry $4900) 
 
 4700 
 
 
 
 
 
 
 5 
 
 Expense (Invry $20) 
 
 360 
 
 
 IO 
 
 
 
 
 6 
 
 Fur. and Fix. (Invry $21.60) 
 
 27 
 
 
 
 
 
 
 7 
 
 Chattels (Invry $233.75) 
 
 275 
 
 
 
 
 
 
 8 
 
 F. Haines 
 
 250 
 
 
 537 
 
 20 
 
 
 
 9 
 
 10 
 
 Bills Payable 
 J. W. Hill 
 
 6746 
 1613 
 
 35 
 49 
 
 7635 
 955 
 
 95 
 
 4 
 
 
 
 1 1 
 
 Loss and gain 
 
 IOO 
 
 
 
 
 
 
 I 2 
 
 G. E. Daley 
 
 200 
 
 
 465 
 
 30 
 
 
 
 14 
 
 W. B. Balcom 
 
 112 
 
 
 885 
 
 3 
 
 
 
 16 
 
 Shipment No. 1 (Invry $150) 
 
 55 
 
 
 375 
 
 
 
 
 18 
 
 Shipment No. 2 
 Mdse (Invry $3241 .91) 
 E. Freeman 
 
 205 
 7187 
 898 
 
 60 
 
 55 
 
 245 
 4984 
 
 853 
 
 50 
 
 95 
 40 
 
 
 
 20 
 
 Retd Mdse 
 
 18 
 
 55 
 
 40 
 
 33 
 
 
 
 21 
 
 Cash 
 
 13639 
 
 79 
 
 11186 
 
 05 
 
 
 
 
 
 
 
 
 4643 1 
 
 36 
 
 6 43! 
 
 36 
 
 
 
 STATEMENT 
 
 
 
 
 
 
 
 PERSONAL ACCTS DR. AND CR. 
 
 
 
 
 
 
 8 
 
 F. Haines 
 
 
 
 287 
 
 20 
 
 
 10 
 
 J. W. Hill 
 
 658 
 
 09 
 
 
 
 
 12 
 
 G. E. Daley 
 
 
 
 265 
 
 30 
 
 
 14 
 
 W. B. Balcom 
 
 
 
 773 
 
 3 
 
 
 
 19 
 
 E. Freeman 
 
 45 
 
 15 
 
 
 
 
 
 
 t 
 
 703 
 
 24_ 
 
 1325 
 
 80 
 
 rzzzr """" 
 
 = 
 
 RESOURCES 
 
 
 
 
 
 
 
 
 
 Personal Accts Receivable 
 
 73 
 
 24 
 
 
 
 
 
 4 
 
 Real Estate 
 
 4900 
 
 
 
 
 
 
 5 
 
 Expense 
 
 20 
 
 
 
 
 
 
 t> 
 
 Fur. and Fix. 
 
 2 I 
 
 60 
 
 
 
 
 
 7 
 
 Chattels 
 
 233 
 
 75 
 
 
 
 
 
 16 
 
 Shipment No. 1 
 
 
 
 
 
 
 
 18 
 
 Mdse 
 
 3241 
 
 9 1 
 
 
 
 
 
 21 
 
 Ca^h 
 
 2453 
 
 74 
 
 
 
 
 
 2 
 
 Bills Receivable 
 
 321 
 
 
 
 
 
 
 
 Total Resources 
 
 
 
 12045 
 
 24 
 
 
 
 
 LIABILITIES 
 
 
 
 
 
 
 
 
 Personal Accts Payable 
 
 1325 
 
 80 
 
 
 
 
 
 9 
 
 Bills Payable 
 
 889 
 
 60 
 
 
 
 
 
 
 Total Liabilities 
 
 
 
 2215 
 
 40 
 
 
 
 
 Firm's Present Worth 
 
 
 
 
 9829 
 
 
 
 
 
 
 
 
 [58] 
 
PROD AND PROV. 
 EXAMINATION 
 
 FEBRUARY 29, 19 
 
 
 
 
 GAINS 
 
 
 
 
 
 
 
 i8 
 
 Mdse 
 
 1061 
 
 09 
 
 
 
 
 
 4 
 
 Real Estate 
 
 200 
 
 
 
 
 
 
 17 
 
 Shipment No. 2 
 
 4_o_ 
 
 50 
 
 
 
 
 
 
 Total Gains 
 
 
 
 1301 
 
 59 
 
 
 
 
 LOSSES 
 
 
 
 
 
 
 
 3 
 
 Int. and Dis. 
 
 2 3 
 
 74 
 
 
 
 
 
 5 
 
 Expense 
 
 33 
 
 
 
 
 
 
 6 
 
 Fur. and Fix. 
 
 5 
 
 40 
 
 
 
 
 
 7 
 
 Chattels 
 
 41 
 
 2 5 
 
 
 
 
 
 1 1 
 
 Loss and Gain 
 
 100 
 
 
 
 
 
 
 16 
 
 Shipment No. 1 
 
 25 
 
 
 
 
 
 
 
 Total Losses 
 
 
 
 525 
 
 39 
 
 
 
 
 Firm's Xet Gain 
 
 
 
 776 
 
 20 
 
 
 
 
 ]. \V. Jameson 
 
 
 
 
 
 
 
 
 Cr. by Net Stock 
 
 4526 
 
 82 
 
 
 
 
 
 
 " " y z " Gain 
 
 388 
 
 10 
 
 4914 
 
 92 
 
 
 
 
 H. B. Burton 
 
 
 
 
 
 
 
 
 Cr. by Net Stock 
 
 4526 
 
 82 
 
 
 
 
 
 
 " ' Vz " Gain 
 
 388 
 
 IO 
 
 49 J 4 
 
 9 2 
 
 
 
 
 Firm's Net Present Worth 
 
 
 
 9829 
 
 J4 
 
 
 
 
 Some teachers will require their students to 
 
 
 
 
 
 
 
 
 prove mathematically that all entries have 
 
 
 
 
 
 
 
 
 been posted from books of original entry, 
 
 
 
 
 
 
 
 
 and that no entry has been omitted or du- 
 
 
 
 
 
 
 
 
 plicated. For such teachers the following 
 
 
 
 
 
 
 
 
 proof is given: 
 
 
 
 
 
 
 
 
 Footing of Journal 
 " " Sales Book 
 
 44866 
 2645 
 
 8.1 
 
 
 
 
 
 
 
 475 12 
 
 19" 
 
 
 
 
 
 
 Less balanced accounts: 
 
 
 
 
 
 
 
 
 C. R. Bell, $433.75 
 
 
 
 
 
 
 
 
 C. E. Hendricks, 647.08 
 
 1080 
 
 83. 
 
 
 
 
 
 
 Footing of correct Trial Balance ~~ 
 
 46431 
 
 36 
 
 
 
 
 
 
 By applying this proof the student may know 
 in advance what the correct Trial Balance 
 
 
 
 
 
 
 
 
 shall be. 
 
 
 
 
 
 
 
 
 NOTE. The balanced accounts may be Driven in 
 
 
 
 
 
 
 
 
 total and the work greatly shortened. They 
 are itemized here for the teacher's reference. 
 
 
 
 
 
 [59] 
 
CASH BOOK EXAMINATION 
 
 
 
 
 H. B. Burton, Stock invested 
 
 10350 
 
 
 
 
 
 
 
 N. S. Nelson, " 
 
 9780 
 
 
 
 
 
 
 
 Mdse Sales 
 
 380 
 
 
 
 
 
 
 
 Bills Receivable, H. W. Howard's note No. 10 - 
 
 840 
 
 
 
 
 
 
 
 Int. and Dis. on above note ------ 
 
 37 
 
 9 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Mdse Sales 
 
 193 
 
 65 
 
 
 
 
 
 
 (C ......... 
 
 65 
 
 
 
 
 
 
 
 Bills Receivable, E. G. King's note discounted 
 
 480 
 
 
 
 
 
 
 
 Mdse Sales 
 
 4 1 
 
 70 
 
 
 
 
 
 
 John Smith, on acct -------- 
 
 174 
 
 
 
 
 
 
 
 H. B. Burton, Stock, additional investment - 
 
 500 
 
 
 
 
 
 
 
 S. Ryden, settled his acct 
 
 500 
 
 
 
 
 
 
 
 Mdse Sales 
 
 792 
 
 83 
 
 
 
 
 
 
 Int. and Dis. from J. D. Day on his acct. 
 
 42 
 16 
 
 4 
 61 
 
 
 
 
 
 
 Mdse Sales -..--...- 
 
 847 
 
 63 
 
 
 
 
 
 
 Bills Receivable, C. L. Howe's acceptance - 
 
 460 
 
 55 
 
 
 
 
 
 
 J. W. Johnson, on acct. of adv. freight - 
 Bills Payable, borrowed on our note, 30 days 
 Expense, sold coal bo't for office - - - - - 
 
 29 
 500 
 
 5 
 
 60 
 65 
 
 
 
 
 
 
 Mdse Sales 
 
 137 
 
 73 
 
 
 
 
 
 
 
 458 
 
 40 
 
 26718 
 
 65 
 
 
 
 
 
 
 
 
 26718 
 
 IF* 
 
 MK 
 
 = 
 
 = 
 
 B 1 V A t 
 
 ^^ 
 
 nn^T 
 
 Hffi 
 
 AQ * 
 
 
 
 
 
 321 
 
 21 
 
 
 
 
 
 
 
 
 27 
 
 72 
 
 
 
 
 
 
 E. M. Tanner, in full of acct 
 
 7 
 
 496 
 
 1* 
 
 2 9 
 
 
 
 
 
 
 Mdse Sales 
 
 27 
 
 72 
 
 
 
 
 
 
 * ..__.-.._- 
 
 94 
 
 5 
 
 
 
 
 
 
 """, 
 
 343 
 
 
 1311 
 
 54 
 
 24 
 
 
 
 
 - 
 
 = 
 
 > 
 
 
 
 = 
 
 2085? 
 
 
 
 (60) 
 
CASH BOOK EXAMINATION 
 
 - 
 
 = 
 
 
 
 Expense, one month's rent - - 
 
 35 
 99 
 523 
 
 375 
 
 21 
 
 550 
 
 4 
 
 12 
 17 
 
 1275 
 7 
 360 
 
 835 
 
 43 
 H59 
 62 
 
 150 
 5i 
 50 
 29 
 145 
 16 
 230 
 
 63 
 27 
 
 10 
 
 m 
 
 2 
 
 5 
 
 4 
 
 543 
 799 J 
 37 
 
 20 
 120 
 II 
 
 75 
 17 
 
 25 
 307 
 4 
 
 95 
 
 25 
 75 
 60 
 80 
 25 
 
 20 
 
 50 
 70 
 
 90 
 
 35 
 60 
 
 50 
 
 80 
 40 
 5o 
 
 If 
 
 20 
 
 3 
 45 
 80 
 
 19 
 73 
 
 60 
 
 & 
 
 72 
 
 70 
 
 ffi 
 
 26718 
 20357 
 
 3 
 
 TB~ 
 
 .V 
 
 08 
 
 
 Chattels, horse and wagon 
 Expense, I ton hay, $12, l / 2 ton barley, $9.25 - 
 Mdse Invs. Nos. 5-7 
 Expense, blacksmith's bill .._... 
 Int. and Dis. on E. G. King's note - ... 
 " " " " note in favor Springer 
 
 Expense, repairs $37.45, insurance $33.75 - 
 
 American Bank Stock, 10 shares @ $83.50 
 N. S. Nelson, for private use 
 Mdse Invs. Nos. 8-10 ---.... 
 Mdse Freight 
 Int. and Dis., allowed S. Ryden for settlement 
 
 American Bank Stock, Assess. No. I - - - (i) 
 J. W. Johnson, paid freight and charged to him - 
 
 
 W. Clark, paid him salary in full to date - 
 Advertising in Daily Kxaminer (2) 
 
 Int. and Dis. on Howe's acceptance ... 
 
 
 Expense, water tax - - - - - - 
 Gas Meter, deposit with S. F. Gas Co. - - (3) 
 Expense, horse blanket and whip - - - - (4) 
 Bills Payable, acceptance, favor Bancroft Co. 
 
 u Invs. Nos. 16-18 -.---. 
 " freight on same ------- 
 Furniture and Fixtures, check perforator 
 
 Int. and Dis., int. on above note - ... 
 
 Expense, paid gas bill - 
 
 
 
 
 
 20857 
 
 JL 
 
 (til) 
 

 
 
CINCINNATI, O, JAN. 
 
 CASH BOOK EXAMINATION 
 
 
 
 
 Overdrawn Commercial Bank ..... 
 
 
 
 54 
 
 24 
 
 
 
 
 Int. and Dis., cost of collecting N. Y. draft - (5) 
 
 i 
 
 35 
 
 
 
 
 
 
 W. Clark, paid salary -.....- 
 
 2 5 
 
 
 
 
 
 
 
 Furniture and Fixtures, exchanged safe - 
 Expense, delivery of safe ...... 
 Int. and Dis., discount on Smith's note - 
 
 125 
 18 
 
 5 
 
 So 
 
 
 
 
 
 
 Hills Payable, prepaid note No. 62 
 
 800 
 
 
 
 
 
 
 
 Expense, telephone - 
 
 6 
 
 70 
 
 
 
 
 
 
 
 i 
 
 65 
 
 9*3 
 
 20 
 
 
 
 
 ^M_ 
 
 
 
 
 IQ37 
 
 44 
 
 mimSSm 
 
 
 
 
 Commercial Bank, Overdrawn 
 
 
 
 
 "86" 
 
 (63) 
 
SINGLE ENTRY \^1IXC1INI\ A 1 1 , W. , JAIN. J, I y 
 DAY BOOK PAGE 1 
 
 
 
 
 I, H. B. Burton, have this day leased the store 
 
 
 
 
 
 
 
 
 at No. 236 Madison Street, for the purpose 
 
 
 
 
 
 
 
 
 of conducting a General Hardware Business, 
 
 
 
 
 
 
 
 
 with the following resources and liabilities : 
 
 
 
 
 
 
 
 I/ 
 
 Cash Dr. 
 
 
 
 4900 
 
 
 
 
 V 
 
 Bills Rec. W. H. Warner's note at 60 Dr. 
 
 
 
 1500 
 
 
 
 
 
 days, due to-day, with int. after matu- 
 
 
 
 
 
 
 
 
 rity, at I % per month 
 
 
 
 
 
 
 
 v / 
 
 Mdse per Inv'ry Dr. 
 
 
 
 7800 
 
 
 
 
 V 
 
 Expense per Inv'ry 
 
 
 
 700 
 
 30 
 
 
 
 2 
 
 Cunningham, Curtis & Welch " 
 
 
 
 70 
 
 10 
 
 
 
 >/ 
 
 Bills Payable. Demand note, fav. Filer, Cr. 
 
 
 
 940 
 
 
 
 
 
 Thorne & Co., without interest 
 
 
 
 
 
 
 
 ro 
 
 J. S. Gannon 
 
 
 
 1125 
 
 5 
 
 
 1 5 
 
 Osborn & Alexander *' 
 
 
 
 840 
 
 
 
 
 1 
 
 H. B. Burton, Stock " 
 
 
 
 12064 
 
 90 
 
 
 2 
 
 2 
 
 Cunningham, Curtis & Welch Cr. 
 
 
 
 15 
 
 
 
 
 
 Stationery for office, Inv. No. I 
 
 
 
 
 
 
 7 
 
 
 Hall Safe & Lock Co. Cr. 
 
 
 
 300 
 
 
 
 O 
 
 
 Safe for office use 
 
 
 
 
 
 
 4 
 
 v/ 
 
 Bought of Osborn & Alexander, Mdse per Inv. 
 
 
 
 
 
 
 
 
 No. 2, $380.75, and gave my note in pay- 
 
 
 
 
 
 
 
 
 ment at 30 days, without interest 
 
 
 
 
 
 
 5 
 
 6 
 
 G. W. Fuller Dr. 
 
 
 
 16 
 
 50 
 
 
 
 
 640 Mission St. 
 
 
 
 
 
 
 
 
 3 doz. table-knives, j# 1846 5.50 
 
 
 
 
 
 6 
 
 7 
 
 Crocker Bros., Dr. 
 
 
 
 17 
 
 84 
 
 j 
 
 
 340 Bush St. 
 
 
 
 
 
 
 
 \y z doz. Daisy Scythes, 10.30, less % 
 
 II 
 
 59 
 
 
 
 
 
 % " Sheep-shears, % 1242, 12.00, less y 3 
 
 2 
 
 
 
 
 
 
 
 y 2 " Clipper Scythes, 8.50 net 
 
 4 
 
 25 
 
 
 
 
 10 
 
 6 
 
 G. W. Fuller Dr. 
 
 
 
 6 
 
 55 
 
 
 
 
 640 Mission St. 
 
 
 
 
 
 
 
 
 10 Ib Glue .18 
 
 I 
 
 80 
 
 
 
 
 
 
 y z doz. H. D. S. P. Shovels 9.50 
 
 4 
 
 75 
 
 
 
 
 
 
 At 30 days, less loft for cash 
 
 
 
 
 
 
 1 1 
 
 > 
 
 Sold to Osborn & Alexander. 
 
 
 
 
 
 
 
 I5oolb Barbed Wire .03 
 
 45 
 
 
 
 
 
 
 2 doz. Silver Spoons, % 873 7.50 
 
 15 
 
 
 
 
 
 
 2 " Knives and Forks, ;# 262 2.50 
 
 5 
 
 
 
 
 
 
 
 3 ** Teaspoons, ^ 9644 4.00 
 
 12 
 
 
 
 
 
 
 
 
 77 
 
 
 
 
 
 
 The above to apply on our note of the 4th 
 
 
 
 
 
 (64) 
 

 FRIDAY, JAN. 20, 19 
 
 SINGLE ENTRY 
 DAY BOOK 
 
 Dr. 
 
 G. W. Fuller 
 640 Mission St. 
 10 Ib Shot j# 5 
 
 i^ doz. L. H. R. P. Ely Shovels 
 These goods were sold on the loth, but 
 through error were not billed or charged 
 
 .12 
 
 9-50 
 
 Osborn & Alexander Cr. 
 
 For Mdse per Iriv. No. 4 
 Terms 30 days, less \o%. 
 Paid $500, per C. B., page 
 For discount, see the following entry 
 
 Osborn & Alexander Dr. 
 
 Dis. for cash, $500 on above purchase 
 
 G. W. Fuller Cr. 
 
 For discount of \Q% on purchase of $22, 
 made on the loth 
 
 Cunningham, Curtis & Welch Dr. 
 
 900 Ib Barbed Wire .03 
 
 40 " Shot #5 .11 
 
 6 doz. Powder Flasks, $ 3247 5.25 
 
 Yz " Coal Scuttles 7.50 
 
 Osborn & Alexander Dr. 
 
 For dis. of \o% on $404.44, balance of pur- 
 chase made on the 22d 
 
 We paid Osborn & Alexander $500 as part pay- 
 ment on account on an invoice on which we 
 were allowed 10 per cent discount. The $55.56 
 discount is found by dividing: 8500 by 90%= 
 $555.56. See Cash Book for the $500 paid in 
 cash. 
 
 While the above is the arithmetical solution it 
 Is the general custom of business houses to 
 count straight commercial discount on part 
 payment of invoices. See last transaction 
 above. 
 
 27 
 4 
 
 31 
 3 
 
 960 
 
 55 
 
 66 
 
 40 
 
 45 
 
 20 
 
 44 
 
 (65) 
 
 Teachers' Manual-") 
 
SINGLE ENTRY STATEMENT 
 
 OF H. B. BURTON'S BUSINESS, FEB. i, 19 PAGE 3 
 
 
 
 
 FACE OF LEDGER 
 
 
 
 
 
 
 
 i 
 
 H. B. Burton, Stock 
 
 75 
 
 
 12094 
 
 60 
 
 
 
 2 
 
 Cunningham, Curtis & Welch - - - - 
 
 136 
 
 75 
 
 15 
 
 
 
 
 3 
 
 Hall Safe & Lock Co. 
 
 125 
 
 
 300 
 
 
 
 
 10 
 
 J. S. Gannon -------- 
 
 500 
 
 
 1125 
 
 50 
 
 
 
 5 
 
 Osborn and Alexander ------ 
 
 960 
 
 
 1800 
 
 
 
 
 6 
 
 G W Fuller --- r ---- 
 
 18 
 
 CO 
 
 2*7 
 
 
 
 
 7 
 
 
 j" 
 
 5 
 
 IO 
 
 
 
 
 CB 
 
 Cash - 
 
 5946 
 
 13 
 
 2489 
 
 75 
 
 
 
 = 
 
 = 
 
 
 7799 
 
 22 
 
 17861 
 
 85 
 
 
 
 
 RESOURCES 
 
 
 
 
 
 
 
 2 
 
 r v, r t - s \\r i v. 
 
 121 
 
 75 
 
 
 
 
 
 
 
 G. W. Fuller 
 
 II 
 
 50 
 
 
 
 
 
 7 
 
 Crocker Bros. - - 
 
 7 
 
 84 
 
 
 
 
 
 CB 
 
 Cash 
 
 3456 
 
 38 
 
 
 
 
 
 - I 
 
 Mdse Inv'ry --------- 
 
 9533 
 
 
 
 
 
 
 
 Expense, Inv'ry 
 
 975 
 
 
 
 
 
 
 
 Bills Receivable 
 
 1500 
 
 
 
 
 
 
 
 Interest on Bills Rec., 31 days, at 6% 
 
 15 
 
 5 
 
 15620 
 
 97 
 
 
 
 
 LIABILITIES 
 
 
 
 
 
 
 
 3 
 
 Hall Safe & Lock Co. 
 
 175 
 
 
 
 
 
 
 10 
 
 J. S. Gannon _.. 
 
 6*5 
 
 5 
 
 
 
 
 
 5 
 
 Osborn & Alexander ------- 
 
 840 
 
 
 
 
 
 
 I 2 
 
 Bills Payable - - 
 
 940 
 
 
 2580 
 
 50 
 
 , 
 
 
 
 
 
 H. B. Burton's Present Worth - - - - 
 
 
 
 13040 
 
 47 
 
 
 
 
 H. B. BURTON, PROPRIETOR 
 
 
 
 
 
 
 
 
 Present Worth 
 
 13040 
 
 47 
 
 
 
 
 
 
 Net Investment before closing - - - - - 
 
 12019 
 
 60 
 
 
 
 ;. 
 
 
 
 = 
 
 Cr. by Net Gain 
 
 
 
 = 
 
 1020 
 
 87 
 
 
 
 I 
 
 H. B. Burton - - Cr. 
 
 
 
 1020 
 
 87 
 
 
 
 
 For net gain on closing Feb. I, 19 
 (66) 
 
 
 
 
 
THURSDAY, FEB. i, 19 
 
 SINGLE ENTRY 
 DAY BOOK 
 
 
 
 4 
 
 Expense Dr. 
 
 
 
 975 
 
 
 
 
 
 For Inv'ry on this date 
 
 
 
 
 
 
 2 
 
 7 
 
 Crocker Bros. Dr. 
 
 
 
 12 
 
 
 
 
 
 1 60 Ib White Lead 7 per cwt. 
 
 II 
 
 20 
 
 
 
 
 
 
 20 " lod Nails .04 
 
 
 80 
 
 
 
 
 
 
 At 30 days, less ^% for cash 
 
 
 
 
 
 
 3 
 
 I/ 
 
 Sold to A. B. Coon, on his note at 30 days, with- 
 
 
 
 
 
 
 
 
 out interest 
 
 
 
 
 
 
 
 
 5 doz. Daisy Scythes 8.50 
 
 42 
 
 5 
 
 
 
 
 
 
 5 " Dog-collars, # 7337 5.40 
 
 27 
 
 
 
 
 
 
 
 I " Coffee-mills, $ 006 
 
 10 
 
 5 
 
 
 
 
 
 
 
 80 
 
 oo 
 
 
 
 
 5 
 
 / 
 
 Bought of J. D. Marshall on my demand note, 
 
 
 
 
 
 
 
 
 without interest, Mdse as per Inv. No. 5, $50 
 
 
 
 
 
 
 7 
 
 6 
 
 G. W. Fuller Cr. 
 
 
 
 IO 
 
 
 
 
 
 YZ doz. 15-in. Monkey-wrenches 18.00 
 
 9 
 
 
 
 
 
 
 
 25 Ib Putty .04 
 
 i 
 
 
 
 
 
 
 
 At 30 days, less 5% for cash 
 
 
 
 
 
 
 9 
 
 8 
 
 A. B. Coon Dr. 
 
 
 
 48 
 
 2 5 
 
 
 
 
 20 doz. Wire Clothes lines 1.75 
 
 35 
 
 
 
 
 
 
 
 150 Ib Barbed Wire .03 
 
 4 
 
 5 
 
 
 
 
 
 
 I doz. 6^ -in. Scissors, $ 5894 
 1/6 " 9-in. B. and W. Trimmers 4.50 
 
 8 
 
 75 
 
 
 
 
 10 
 
 9 
 
 B. B. Kerrigan Cr. 
 
 
 
 75 
 
 
 
 
 
 Mdse. per Inv. No. 6, less 5% for cash 
 
 
 
 
 
 
 
 7 
 
 Crocker Bros. Cr. 
 
 
 
 
 60 
 
 
 
 
 For dis. of 5 % on $12, purchase of the 2d 
 
 
 
 
 
 
 
 10 
 
 J. S. Gannon Dr. 
 
 
 
 121 
 
 75 
 
 
 
 2 
 
 Cunningham, Curtis & Welch Cr. 
 
 
 
 121 
 
 75 
 
 
 
 
 Gave J. S. Gannon a draft at 3 days' sight, 
 
 
 
 
 
 
 
 
 on Cunningham, Curtis & Welch for balance 
 
 
 
 
 
 
 
 
 due me 
 
 
 
 
 
 
 12 
 
 5 
 
 Osborn & Alexander Cr. 
 
 
 
 58 
 
 10 
 
 
 
 
 I doz. 2-gal. Sprinklers 
 
 3 
 
 5 
 
 
 
 
 
 
 4 " S. F. Brooms 2.40 
 
 9 
 
 60 
 
 
 
 
 
 
 6 " Ostrich Dusters, $ 363 7.50 
 
 45 
 
 
 
 
 
 
 
 Inv. No. 7. 
 
 
 
 
 
 
 16 
 
 4 
 
 Expense Dr. 
 
 
 
 
 5 
 
 
 
 
 i Sprinkler, 2 gal. .30 
 
 
 
 
 
 1 
 
 
 
 i S. F. Broom .20 
 
 
 
 
 
 
 
 10 
 
 J. S. Gannon Dr. 
 
 
 
 65 
 
 
 
 
 4 
 
 Expense Cr. 
 
 
 
 
 
 
 
 
 For Typewriter sold to J. S. Gannon on acct 
 
 
 
 
 
 (67) 
 
SINGLE ENTRY 
 DAY BOOK 
 
 MONDAY, FEB. 16, 19 
 
 Osborn & Alexander Dr. 
 
 For W. H. Warner's note of $1,500. They 
 paid me $601.90, and I gave them a receipt 
 in full of acct to date 
 
 Expense 
 
 2 Ostrich Dusters 
 
 Dr. 
 
 .62^ 
 
 Expense Dr. 
 
 Crocker Bros. Cr. 
 
 Gave J H. Flanigan for labor an order on 
 Crocker Bros, for $7.84, the balance due me 
 
 B. B. Kerrigan Cr. 
 
 For Mdse per Inv. No. 8 
 
 B. B. Kerrigan Dr. 
 
 A. B. Coon Cr. 
 
 Gave B. B. Kerrigan a sight draft on A. B. 
 
 Coon for $48.25 
 
 185 
 
 48 
 48 
 
 (68) 
 
STATEMENT 
 OF H. B. BURTON'S BUSINESS, MARCH i, 19 
 
 SINGLE ENTRY 
 DAY BOOK 
 
 
 
 
 FACE OF LEDGER 
 
 
 
 
 
 
 
 I 
 
 H. B. Burton, Stock 
 
 
 
 13040 
 
 47 
 
 
 
 3 
 
 Hall Safe & Lock Co. 
 
 200 
 
 
 300 
 
 
 
 
 10 
 
 J. S. Gannon --.-._-- 
 
 701 
 
 75 
 
 1125 
 
 50 
 
 
 
 6 
 
 G. W. Fuller 
 
 48 
 
 50 
 
 42 
 
 
 
 
 4 
 
 Expense ... 
 
 1074 
 
 09 
 
 65 
 
 
 
 
 9 
 
 B. B. Kerrigan -------- 
 
 "3 
 
 25 
 
 260 
 
 90 
 
 
 
 CB 
 
 Cash - - 
 
 5290 
 
 
 377 
 
 50 
 
 
 __ 
 
 
 
 
 7427 
 
 ii 
 
 15211 
 
 37 
 
 
 
 
 RESOURCES 
 
 
 
 
 
 
 
 6 
 
 G. W. Fuller 
 
 6 
 
 50 
 
 
 
 
 
 CB 
 
 Cash - . 
 
 4912 
 
 50 
 
 
 
 
 
 ii 
 
 Mdse Inv'ry 
 
 8746 
 
 25 
 
 
 
 
 
 4 
 
 LIABILITIES 
 
 9 2 5 
 
 
 J 459 
 
 2 5 
 
 
 
 3 
 
 Hall Safe & Lock Co. - - - 
 
 100 
 
 
 
 
 
 
 10 
 
 J. S. Gannon - 
 
 423 
 
 75 
 
 
 
 
 
 9 
 
 B. B. Kerrigan 
 
 H7 
 
 65 
 
 
 
 
 
 ii 
 
 Bills Payable 
 
 990 
 
 
 1661 
 
 40 
 
 
 
 
 H. B. Burton's Present Worth - - - - 
 
 
 
 12928 
 
 fo 
 
 
 
 
 H. B. BURTON, PROPRIETOR 
 
 
 
 
 
 
 
 
 
 T *)C\A C\ 
 
 A *7 
 
 
 
 
 
 
 Present Worth March I " - - - - 
 
 i jU4o 
 12928 
 
 47 
 85 
 
 
 
 
 
 
 
 
 -_ 
 
 Dr. for net loss, " " .... 
 
 = ; 
 
 
 ill 
 
 62 
 
 
 
 
 CLOSING ENTRIES 
 
 
 
 
 
 
 
 1 1 
 
 Mdse. per Inv'ry ------ Dr. 
 
 8746 
 
 25 
 
 
 
 
 
 4 
 
 
 9 2 5 
 
 
 
 
 
 
 
 HR Burton Stork " 
 
 
 f\*> 
 
 
 
 
 
 i 
 
 I 2 
 
 Bills payable Cr. 
 
 III 
 
 O2 
 
 99 
 
 
 
 
 
 Entry necessary to change the books to double 
 
 
 
 
 
 
 
 
 entry on this date, March I, 19 
 
 
 
 
 
 
 
 
 TRIAL BALANCE. 
 
 
 
 
 
 
 
 
 March I, 19 
 
 
 
 
 
 
 
 I 
 
 H. B. Burton, Stock 
 
 
 
 12928 
 
 85 
 
 
 
 3 
 
 Hall Safe & Lock Co. ------ 
 
 200 
 
 
 300 
 
 
 
 
 to 
 6 
 
 J. S. Gannon 
 G. W. Fuller - 
 
 701 
 
 4 8 
 
 75 
 5 
 
 1125 
 42 
 
 50 
 
 
 
 4 
 
 Expense 
 
 925 
 
 
 
 
 
 
 9 
 
 B. B. Kerrigan 
 
 "3 
 
 25 
 
 260 
 
 90 
 
 
 
 ; I 
 
 Mdse 
 
 8746 
 
 2 5 
 
 
 
 
 
 I 2 
 
 Bills Payable ----.--- 
 
 
 
 990 
 
 
 
 
 CB 
 
 Cish 
 
 4912 
 
 5 
 
 
 
 
 =^ 
 
 
 
 ffijn 
 
 15647 
 
 1L 
 
 15647 
 
 25 
 
 
 
 
 
INGLE ENTRY CASH BOOK PAGE 7 
 
 Dr. Or. 
 
 I 9 
 
 
 
 
 
 
 
 
 Jan. 
 
 i 
 
 / 
 
 Cash 
 
 4900 
 
 
 
 
 
 
 I/ 
 
 Paid one month's rent 
 
 
 
 5 
 
 
 
 6 
 
 3 
 
 Paid Hall Safe & Lock Co. on acct 
 
 
 
 75 
 
 
 
 
 6 
 
 Received Cash of G. W. Fuller on acct 
 
 5 
 
 
 
 
 
 8 
 
 I/ 
 
 Cash Sale to A. B. Coon 
 
 57 
 
 08 
 
 
 
 
 9 
 
 TO 
 
 Paid J. S. Gannon on acct 
 
 
 
 500 
 
 
 
 10 
 
 7 
 
 Received of Crocker Bros, on acct 
 
 10 
 
 
 
 
 
 1 1 
 
 3 
 
 Paid Hall Safe & Lock Co. on acct 
 
 
 
 5 
 
 
 
 20 
 
 V 
 
 Cash Sales 
 
 954 
 
 25 
 
 
 
 
 
 V 
 
 Paid Cash for Mdse Inv. No. 3 
 
 
 
 500 
 
 
 
 22 
 
 5 
 
 Paid Osborn & Alexander on acct 
 
 
 
 500 
 
 
 
 23 
 
 6 
 
 Received of G. W. Fuller on acct 
 
 1 9 
 
 80 
 
 
 
 
 24 
 
 i 
 
 Withdrew for personal use 
 
 5946 
 
 13 
 
 75 
 
 
 
 
 V 
 
 Paid for Typewriter 
 
 
 
 75 
 
 
 
 26 
 
 V 
 
 Paid Osborn & Alexander balance of my note, 
 
 
 
 300 
 
 75 
 
 
 
 
 less $3 discount 
 
 
 
 
 
 
 2 7 
 
 5 
 
 Paid Osborn & Alexander on acct 
 
 
 
 364 
 
 
 
 
 
 
 
 
 2489 
 
 75 
 
 
 
 
 Balance 
 
 
 
 345<> 
 
 38 
 
 
 
 _ 
 
 
 
 
 5946 
 
 '3 
 
 5946 
 
 J 3 
 
 Feb 
 
 I 
 
 / 
 
 Balance 
 
 3456 
 
 38 
 
 
 
 
 
 4 
 
 Paid one month's rent 
 
 
 
 5 
 
 
 
 
 4 
 
 Paid for 5 tons of coal 
 
 
 
 29 
 
 50 
 
 
 3 
 
 / 
 
 Cash Sales 
 
 395 
 
 35 
 
 
 
 
 10 
 
 7 
 
 Rec. of Crocker Bros, full of acct Jess 6oc. for dis. 
 
 ii 
 
 40 
 
 
 
 
 13 
 
 3 
 
 Paid Hall Safe & Lock Co. on acct 
 
 
 
 25 
 
 
 
 
 V 
 
 Received of A. B. Coon, cash for his note of 
 
 79 
 
 47 
 
 
 
 
 
 
 $80, less 12%. Dis. 530 
 
 
 
 
 
 
 
 9 
 
 Paid B. B. Kerrigan, on acct 
 
 
 
 30 
 
 
 
 15 
 
 4 
 
 Paid for cleaning store 
 
 
 
 5 
 
 
 
 1 9 
 
 V' 
 
 Received of Osborn & Alexander on W. H. 
 
 60 1 
 
 90 
 
 
 
 
 
 
 Warner's note of $1500 
 
 
 
 
 
 
 24 
 
 I/ 
 
 Cash Sales 
 
 340 
 
 
 
 
 
 26 
 
 V 
 
 Paid cash for Mdse, Inv. No. 9 
 
 
 
 i33 
 
 
 
 
 9 
 
 Paid B. B. Kerrigan on acct 
 
 
 
 35 
 
 
 
 
 3 
 
 Paid Hall Lock & Safe Co. on acct 
 
 
 
 25 
 
 
 
 28 
 
 4 
 
 Paid for Window-shades 
 
 
 
 5 
 
 
 
 
 V 
 
 Cash Sales 
 
 39 
 
 50 
 
 
 
 
 
 3 
 
 Paid Hall Safe & Lock Co. on acct 
 
 
 
 25 
 
 
 
 
 10 
 
 Paid J. S. Gannon on acct 
 
 
 
 15 
 
 
 
 
 6 
 
 Received of G. W. Fuller on acct 
 
 15 
 
 
 377 
 
 50 
 
 
 
 
 Balance 
 
 5290 
 
 
 4QI2 
 
 50 
 
 
 
 
 
 5290 
 
 00 
 
 5290 
 
 oo 
 
 Ma7 
 
 i 
 
 
 Balance 
 (70\ 
 
 49 I2 
 
 "50" 
 
 
 
SINGLE ENTRY 
 LEDGER 
 
 H. B. BURTON, STOCK 
 
 19 
 
 Jan. 
 Feb. 
 
 MaT 
 
 24 
 I 
 
 1st Closing C 
 
 Present Worth 
 
 7 
 ~ 
 
 75 
 13040 
 
 47 
 
 19 
 Jan. 
 
 Feb. 
 
 FebT 
 Ma7~ 
 
 i 
 i 
 
 ~ 
 
 1st Closing 
 
 Gain 
 Present Worth 
 
 Present Worth 
 
 i 
 3 
 
 12094 
 1 020 
 
 60 
 
 87 
 
 Loss 
 Present Worth 
 
 i3"5 
 in 
 
 I2Q28 
 
 47 
 
 85 
 
 13115 
 13040 
 
 47 
 17 
 
 
 13040 
 
 47 
 
 13040 
 12928 
 
 47 
 
 1= 
 
 
 
 PAGS Z 
 
 CUNNINGHAM, CURTIS & WELCH 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Jan. 
 
 i 
 
 
 I 
 
 70 
 
 10 
 
 Jan. 
 
 2 
 
 1st Closing 
 
 I 
 
 15 
 
 
 
 24 
 
 
 2 
 
 66 
 
 65 
 
 Feb. 
 
 IO 
 
 
 4 
 
 121 
 
 75 
 
 
 
 1st Closing 
 
 
 136 
 
 75 
 
 
 
 2d Closing (in Balance) 
 
 
 136 
 
 7 1 ; 
 
 ^^ = 
 
 ^ 
 
 
 ~ 
 
 ^~^~~ 
 
 
 ~ 
 
 ^^~ 
 
 
 == 
 
 ^ 
 
 HALL SAFE AND LOCK Co. 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Jan. 
 
 6 
 
 C 
 
 7 
 
 75 
 
 
 Jan. 
 
 3 
 
 1st and 2d Closing 
 
 I 
 
 300 
 
 
 
 ii 
 
 1st Closing 
 
 7 
 
 5 
 
 125 
 
 
 
 
 
 
 
 
 Feb. 
 
 13 
 
 C 
 
 9 
 
 25 
 
 
 
 
 
 
 
 
 
 26 
 
 " 
 
 7 
 
 25 
 
 
 
 
 
 
 
 
 
 28 
 
 M 
 
 7 
 
 2 5 
 
 
 
 
 
 
 
 
 
 
 2d Closing 
 
 
 200 
 
 
 
 
 
 
 
 
 EXPENSE 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Feb. 
 
 i 
 
 
 4 
 
 975 
 
 
 Feb. 
 
 16 
 
 2d Closing 
 
 
 65 
 
 
 
 16 
 
 
 4 
 
 
 50 
 
 Mar. 
 
 / 
 
 0. 
 
 
 ** 
 
 9 
 
 
 20 
 
 21 
 
 
 5 
 5 
 
 7 
 
 25 
 84 
 
 
 
 /nv'ry 
 
 
 9^5 
 
 
 
 I 
 
 C 
 
 7 
 
 5o 
 
 
 
 
 
 
 
 
 
 
 (< 
 
 7 
 
 29 
 
 50 
 
 
 
 
 
 
 
 
 15 
 
 (( 
 
 7 
 
 5 
 
 
 
 
 
 
 
 
 
 28 
 
 " 
 
 7 
 
 5 
 
 
 
 
 
 
 
 
 
 
 2d Closing 
 
 
 IQ74 
 
 09 
 
 
 
 
 
 IQ74 
 
 og_ 
 
 MaT~ 
 
 ~ 
 
 Inv'ry 
 
 
 9 2 5 
 
 
 
 
 
 
 
 
 (71) 
 
SINGLE ENTRY USBORN & ALEXANDER 
 
 LEDGER PAGE S 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Jan. 
 
 22 
 
 
 2 
 
 55 
 
 56 
 
 Jan. 
 
 i 
 
 
 I 
 
 840 
 
 
 
 27 
 
 
 2 
 
 40 
 
 44 
 
 
 22 
 
 
 2 
 
 9 60 
 
 
 
 22 
 27 
 
 C 
 
 1st Closing 
 
 7 
 
 7 
 
 500 
 3 6 4 
 
 960 
 
 00 
 
 Feb. 
 
 12 
 
 1st Closing 
 2d Closing (in Balance) 
 
 4 
 
 1800 
 
 58 
 
 1858 
 
 IO 
 
 ll> 
 
 Feb. 
 
 19 
 
 
 5 
 
 8 9 8 
 
 IO 
 
 
 
 
 
 
 
 = 
 
 = 
 
 2d Closing (in Balance) 
 
 = 
 
 1858 
 
 10 
 
 = 
 
 = 
 
 
 - 
 
 1858 
 
 10 
 
 P AGE 6 G. w. FULLER, 640 Mission St. 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Jan. 
 
 5 
 
 
 i 
 
 16 
 
 50 
 
 Jan. 
 
 23 
 
 
 2 
 
 2 
 
 2O 
 
 
 10 
 
 
 i 
 
 6 
 
 55 
 
 
 6 
 
 C 
 
 7 
 
 5 
 
 
 
 20 
 
 
 2 
 
 15 
 
 45 
 
 
 23 
 
 (i 
 
 7 
 
 *9 
 
 80 
 
 
 
 1st Closing 
 
 
 38 
 
 50 
 
 
 
 1st Closing 
 
 
 27 
 
 00 
 
 Feb. 
 
 7 
 
 
 4 
 
 IO 
 
 
 Feb. 
 
 28 
 
 C 
 
 7 
 
 15 
 
 
 
 2d Closing 
 
 
 48 
 
 50 
 
 
 
 2d Closing 
 
 
 42 
 
 
 CROCKER BROS., 340 Bush St. PAGE 7 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 Jan. 
 
 6 
 
 1st Closing 
 
 i 
 
 17 
 
 8 4 
 
 Jan. 
 
 10 
 
 1st Closing C 
 
 7 
 
 10 
 
 
 Feb. 
 
 2 
 
 
 4 
 
 12 
 
 
 Feb. 
 
 10 
 
 
 4 
 
 
 60 
 
 
 
 2d Closing (in Balance) 
 
 
 29 
 
 84 
 
 
 21 
 
 
 5 
 
 7 
 
 84 
 
 
 
 
 
 
 
 
 IO 
 
 C 
 
 7 
 
 ii 
 
 40 
 
 = 
 
 = 
 
 
 = 
 
 29 
 
 J*i 
 
 = 
 
 = 
 
 2d Closing (in Balance) 
 
 = 
 
 29 
 
 _84 
 
 PAGE 8 A. B. COON 
 
 19 
 
 
 1 
 
 
 
 19 
 
 
 . 
 
 
 
 
 Feb. 
 
 9 
 
 2d Closing (in Balance) A 
 
 r 
 
 48 
 
 2L 
 
 Feb. 
 
 28 
 
 2d Closing (in Balance) 
 
 _5_ 
 
 48 
 
 1 
 
 B. B. KERRIGAN p AG E9 
 
 19 
 
 
 
 
 
 
 ^^MMMM^MMM^BMMMMM^^MMM^-^MB^BWM _ 
 
 
 19 
 
 
 
 
 
 
 Feb. 
 
 28 
 
 
 5 
 
 48 
 
 2 5 
 
 Feb. 
 
 10 
 
 
 4 
 
 75 
 
 
 
 13 
 
 C 
 
 7 
 
 30 
 
 
 
 21 
 
 
 5" 
 
 185 
 
 90 
 
 
 26 
 
 ii 
 
 7 
 
 35 
 
 
 
 
 2d Closing 
 
 
 260 
 
 90 
 
 
 
 2d Closing 
 
 
 113 
 
 25 
 
 
 
 
 
 
 
 (72) 
 
J. S. GANNON 
 
 SINGLE ENTRY 
 LEDGER 
 
 19 
 
 
 
 
 
 
 
 9 
 
 
 
 
 
 
 Tan. 
 
 9 
 
 lt Closing C 
 
 7 
 
 500 
 
 
 
 Jan. 
 
 i 
 
 1st and 2d Closing 
 
 I 
 
 II2 5 
 
 50 
 
 Feb. 
 
 10 
 
 
 4 
 
 121 
 
 75 
 
 
 
 
 
 
 
 
 
 16 
 
 
 4 
 
 65 
 
 
 
 
 
 
 
 
 
 
 
 C 
 
 7 
 
 15 
 
 
 
 
 
 
 
 
 
 
 
 2d Closing 
 
 
 701 
 
 75 
 
 
 
 
 
 
 
 
 MERCHANDISE PAGE n 
 
 19 
 
 
 
 
 
 
 II 
 
 
 
 
 
 
 Mar. 
 
 i 
 
 
 6 
 
 8746 
 
 25 
 
 1 
 
 
 
 
 
 
 BILLS PAYABLE 
 
 
 
 
 
 
 
 19 
 
 Mar. 
 
 ' 
 
 
 6 
 
 99 
 
 
 (73) 
 
'L MDSE EXAM. 
 JOURNAL 
 
 CINCINNATI, OHIO, MAY 1, 19 
 
 I, H. B. Burton, have this day com- 
 menced a General Produce and Pro- 
 vision Business at 1236 Market St., 
 with the following resources and 
 liabilities : 
 
 Cash 
 
 Mdse 
 
 Bills Receivable 
 
 Furniture and Fixtures 
 
 Chattels 
 
 W. I. Hay wood 
 Bills Payable 
 W. S. Richards 
 H. B. Burton, Stock 
 
 For Investment on this date. 
 
 Furniture and Fixtures 
 
 Hall Safe & Lock Co. 
 Bought Safe for store. 
 
 Wiley & Green 
 
 Bills Payable 
 Accepted their draft on me. 
 
 H. B. Burton, Stock 
 
 E. M. Chapman, Stock 
 
 Accepted Chapman as joint and 
 equal partner. H. B. Burton guar- 
 antees all personal accts and 
 Bills Receivable to date. 
 
 Loss and Gain 
 
 H. B: Burton, Private 
 
 E. M. Chapman, Private 
 H. B. Burton, Private 
 W. I. Hay wood 
 
 Sold Haywood's acct to Chapman on 
 acct. 
 
 Retd Mdse 
 
 W. Glenn 
 W. Glenn returned 800 Ibs. coffee to us. 
 
 Fwd 
 
 1605 
 5000 
 
 2000 
 250 
 
 375 
 500 
 
 300 
 
 3037 
 
 500 
 
 200 
 300 
 
 I4O 
 
 I62O7 
 
 5 
 
 2655 
 
 IOOO 
 
 6075 
 
 300 
 
 2OOO 
 
 337 
 
 5OO 
 
 500 
 
 140 
 
 16207 
 
 5 
 
 [74J 
 
CINCINNATI, OHIO, MAY 1, 19 GEN L MDSE EXAM. 
 
 PAGE 2 JOURNAL 
 
 19 
 
 
 
 Brt Fwd 
 
 
 16207 
 
 5 
 
 16207 
 
 5 
 
 May 
 
 4 
 
 
 Freight 
 W. Glenn 
 
 2 3 
 
 5 
 
 20 
 
 5 
 
 20 
 
 
 
 
 W. Glenn charged us with freight on 
 the goods returned. 
 
 
 
 
 
 
 
 6 
 
 
 W. I. Richards 
 
 8 
 
 1000 
 
 
 
 
 
 
 
 Int. and Dis. 
 
 14 
 
 20 
 
 
 
 
 
 
 
 Bills Payable 
 
 7 
 
 
 
 1020 
 
 
 
 7 
 
 
 Longshore & Crane 
 Bills Payable 
 
 7 
 
 1639 
 
 98 
 
 1639 
 
 98 
 
 
 9 
 
 
 H. B. Burton, Private 
 
 i 
 
 288 
 
 14 
 
 
 
 
 
 
 J. M. Goldsmith 
 
 16 
 
 
 
 288 
 
 14 
 
 
 
 
 Burton guaranteed Accts Receivable. 
 
 
 
 
 
 
 
 13 
 
 
 Bills Receivable 
 
 3 
 
 39 1 
 
 38 
 
 
 
 
 
 
 Bills Receivable 
 
 3 
 
 
 
 387 
 
 5 
 
 
 
 
 Int. and Dis. 
 
 14 
 
 
 
 3 
 
 88 
 
 
 
 
 F. M. Jack paid y 2 his note by new 
 
 
 
 
 
 
 
 
 
 note with i% added. 
 
 
 
 
 
 
 
 1 7 - 
 
 
 Bills Payable 
 Atlantic & Pacific Tea Co. 
 
 7 
 20 
 
 35 
 
 
 35 
 
 
 
 21 
 
 
 Loss and Gain 
 
 ii 
 
 391 
 
 38 
 
 
 
 
 
 
 Bills Receivable 
 F. M. Jack has failed and his note is 
 
 3 
 
 
 
 39 1 
 
 38 
 
 
 
 
 total loss. 
 
 
 
 
 
 
 
 21 
 
 
 S. F. Bank Stock 
 
 17 
 
 200 
 
 
 
 
 
 
 
 E. M. Chapman, Private 
 
 
 
 
 200 
 
 
 
 
 
 Chapman transferred 2 shares of 
 
 
 
 
 
 
 
 
 
 S. F. Bank Stock for Haywood's 
 
 
 
 
 
 
 
 
 
 acct. 
 
 
 
 
 
 
 
 2 3 
 
 
 Salary 
 H. B. Burton, Private 
 
 18 
 
 i 
 
 125 
 
 
 
 
 
 
 
 
 
 20618 
 
 
 20618 
 
 JJ. 
 
 [75] 
 
GEN'L MDSG EXAM 
 JOURNAL 
 
 CINCINNATI, OHIO, MAY 1, 19 
 
 Some teachers will require their 
 students to prove mathematically 
 that all entries have been posted 
 from books of original entry, and 
 that no entries have been omitted 
 or duplicated. For such teachers, 
 the following proof is given: 
 
 Footing of Journal 
 
 " Sales Book 
 " " Purchase Book 
 
 " C. B. Debit side less old 
 
 Bal 
 
 " C. B. Credit side 
 Total footing of all books of orig. entry 
 
 Less Balanced Accounts : 
 
 Haywood $ 500. 
 
 Richards 1000. 
 
 Wiley & Green 4763.76 
 
 Longshore & Crane 3279.96 
 
 Goldsmith 480.23 
 
 Ladd 1437.66 
 
 Less duplicates checked(|/)in Sales 
 Book: 
 
 Cash Sale $ 800. 
 
 240.79 
 2921.45 
 (See S.B.) 2400. 
 
 Less duplicates checked (y) in Pur- 
 chase Book: 
 
 Cash Purchase $ 5000. 
 
 5288.25 
 
 " (SeeP.B.) 3.^5.70 
 Footing of Correct Trial Balance 
 
 By applying this proof the student 
 may know in advance what the 
 correct Trial Balance shall be. 
 
 NOTE The balanced accounts, and 
 the Cash Sales and the Cash Pur- 
 chases may be given in totals, and 
 the work greatly shortened. They 
 are itemized here for the teacher's 
 reference. 
 
 [76] 
 
 20618 
 24844 
 *9477 
 
 22964 
 
 23253 
 
 111157 
 
 13613 
 
 79719 
 
 9=; 
 
 8 4 
 
GEN MDSE EXAM. 
 SALES BOOK 
 
 PAGE I 
 
 Sund. Sales Cash Sales 
 
 May 
 
 Cash Sale 
 
 100 brls Extra Family Flour $8.00 
 
 E. C. Waltz & Co. 
 
 200 brls Extra Family Flour $6. 2 5 
 
 J. M. Goldsmith, Decatur, Ga. 
 5 brls Kerosene Oil, 
 
 244^ gal., $35-45 
 
 25 bxs BestCornstarch, 
 
 1,109 Ibs, 4!-59 
 
 5 bgs Medium Pepper, 
 
 558 Ibs, 80.91 
 
 5 gr. Oatmeal Soap QQ- 
 
 Bills Rec., Reg. No. 
 
 R. Schaeffer's note 30 days. 
 
 J. M. Goldsmith, Decatur, Ga. 
 
 13 hogsheads Golden Syrup, 46, 
 49^2, 46K, 48, 483^2, 47)4, 
 463/2,47, 48, 483 / 2,493 / 2, 44%. 
 44/4, gal., less 10% .42 
 
 W. Glenn, Cincinnati, Ohio 
 
 1 2 5 bgs Rio Coffee, 8,3 7 1 Ibs . 1 7 ^ 
 
 S. S. Buckner & Co., X. Y. 
 100 bales Cotton 
 
 $50. 
 
 A. C. Ladd, Carterville, Ga. 
 
 20 brls. N. O. Molasses, 860 M 
 gals., .623/2" 
 
 Bills Rec., Reg. No. I. P. Harris's note 
 8 hogsheads Havana Sugar, 1255, 
 1170, 1190, 1220, 1155, 1235, 
 1195, 1295, less io# tare, &% 
 
 Bills Rec., Reg. No. F. M. Jack's note 
 100 brls. R. P. Flour $7.75 
 
 Cash Sales, Sale to W. J. Forsyth 
 
 Atlantic & Pacific Tea Co. 
 
 40 half chests Tea, 706 Ibs net, 
 .80 M 
 
 Wm. Nelson 
 
 200 brls Extra Family Flour $6.50 
 Fwd 
 
 [77] 
 
 16 
 
 16 
 
 1250 
 
 247 
 
 659 
 
 232 
 
 1464 
 
 775 
 
 1369 
 
 1300 
 
 13546 
 
 95 
 
 2 3 
 
 28 
 
 93 
 
 66 
 
 07 
 
 53 
 
 800 
 
 1040 
 
GEN. MDSE EXAM. 
 SALES BOOK 
 
 Sand. Sales Cash Sales 
 
 J 9 
 
 May 
 
 14 
 
 
 Brt Fwd 
 
 
 J 3546 
 
 53 
 
 1040 
 
 79 
 
 
 14 
 
 
 Wiley & Green, St Louis, Mo. 
 i o sacks Rio Coffee, 1 5 2 each . 1 7% 
 
 10 
 
 
 
 
 
 
 
 
 10 Java ' 137 j .21% 
 10 "Laguayra" 150 ' .15^ 
 
 
 805 
 
 15 
 
 
 
 
 18 
 
 
 Cash Sales, Sale to Cheney, Charles & 
 
 
 
 
 
 
 
 
 
 Co. 
 
 V 
 
 
 
 2921 
 
 45 
 
 
 18 
 
 
 A. C. Ladd, Carterville, Ga. 
 
 
 
 
 
 
 
 
 
 loobrlsMessPork $9.00 
 
 20 
 
 900 
 
 
 
 
 
 18 
 
 
 Cash .Sales, to Wiley & Green 
 
 V 
 
 
 
 2400 
 
 
 
 21 
 
 
 P. and G. T. Dodd 
 
 
 
 
 
 
 
 
 
 2000 Ibs Bacon .063/2 
 
 22 
 
 130 
 
 
 
 
 
 2 I 
 
 
 Wiley & Green 
 22,000 Ibs Bulk Sides .06^ 
 
 10 
 
 1375 
 
 
 
 
 
 2 I 
 
 
 Bills Rec.,note on Moore, Simms & Co. 
 
 3 
 
 
 
 
 
 
 
 
 17,000 Ibs B. Shoulders .04 M 
 
 
 807 
 
 50 
 
 
 
 
 22 
 
 
 Simmons & Drummond 
 
 22 
 
 
 
 
 
 
 
 
 9,020 Ibs B. Shoulders .06 V 8 
 
 
 552 
 
 48 
 
 
 
 
 2 2 
 
 
 Atlantic & Pacific Tea Co. 
 
 2O 
 
 
 
 
 
 
 
 
 3 , 2 oo Ib's Rio Coffee . 1 1 5 Aa 
 
 
 365 
 
 33 
 
 
 
 
 
 
 
 
 18481 
 
 .29. 
 
 6362 
 
 24 
 
 
 
 
 Total Sundry Sales 
 
 
 18481 
 
 99 
 
 
 
 
 
 
 Total Cash Sales 
 
 
 6362 
 
 24 
 
 
 
 
 
 
 Mdse 
 
 2 
 
 24844 
 
 2L 
 
 
 
 
 
 
 
 
 
 [78] 
 
GEN'L MDSE EXAM. PAGE 1 
 
 PURCHASE BOOK Sund. Prch's Cash Prch s 
 
 X 9 
 May 
 
 2 
 
 
 Wiley & Green, Cincinnati, Ohio. 
 Inv. No. i, On % 
 
 10 
 
 2583 
 
 61 
 
 
 
 
 A 
 
 
 Cash Purchases, Cash Purchases 
 Inv. No. 100 bales Cotton $50. 
 
 V 
 
 
 
 5000 
 
 
 
 7 
 
 
 Longshore & Crane, Cincinnati, Ohio. 
 Inv. No. 
 
 15 
 
 3279 
 
 96 
 
 
 
 
 16 
 
 
 Cash Purchase, Jason, Evans & Co. 
 Inv. No. 
 Freight on above Inv. $100. See 
 C. B. 
 
 V 
 
 
 
 5288 
 
 2 5 
 
 
 20 
 
 
 Cash Purchases, Cash Purchases 
 Four cars of Meat Inv. No. 
 Freight on above, $140. See C. B. 
 
 V 
 
 
 
 33 2 5 
 
 70 
 
 S2L 
 
 ^ 
 
 13613 
 
 2L 
 
 
 
 
 Total Sundry Purchases 
 Total Cash Purchases 
 Mdse 
 
 2 
 
 5863 
 13613 
 
 57 
 95 
 
 
 
 IQ477- 
 
 52 
 
 
 
 . ' j 
 
 
 
 
 
 
 
 
 i 
 
 
 
 
 
 
 
 
 
 
 [79] 
 
Accts. Credited 
 
 Explanation 
 
 CASH BOOK 
 
 L F Mdse Sales Sundries 
 
 19 
 
 
 
 
 
 
 
 
 
 May 
 
 i 
 
 
 Balance 
 
 V 
 
 
 
 1605 
 
 
 
 i 
 
 Mdse Sales 
 
 Cash Sale 
 
 V 
 
 800 
 
 
 
 
 
 4 
 
 E. C. Waltz & Co. 
 
 On % 
 
 18 
 
 IIOO 
 
 
 
 
 
 4 
 
 Bills Rec. 
 
 Dis. Note at Coll. Bk. 
 
 3 
 
 
 
 2OOO 
 
 
 
 9 
 
 J. M. Goldsmith 
 
 40$ of his % 
 
 1 6 
 
 192 
 
 09 
 
 
 
 
 1 1 
 
 Mdse Sales 
 
 Cash Sale toForsyth 
 
 V 
 
 240 
 
 79 
 
 
 
 
 '3 
 
 A. C. Ladd 
 
 On % 
 
 20 
 
 483 
 
 89 
 
 
 
 
 *3 
 
 Bills Rec. 
 
 # F. M. Jack's Note 
 
 3 
 
 387 
 
 5 
 
 
 
 
 14 
 
 Bills Rec. 
 
 I. P. Harris's Note 
 
 3 
 
 710 
 
 41 
 
 
 
 
 16 
 
 Bills Payable 
 
 Call from G. C. Bk. 
 
 7 
 
 
 
 2000 
 
 
 
 1 7 
 
 A. & P. Tea Co. 
 
 On % 
 
 20 
 
 1019 
 
 07 
 
 
 
 
 18 
 
 Mdse Sales 
 
 Sale to C, C. & Co. 
 
 V 
 
 2921 
 
 45 
 
 
 
 
 18 
 
 Mdse Sales 
 
 Sale to \\ il. & Grn. 
 
 V 
 
 2400 
 
 
 
 
 
 22 
 
 S. S. Buckner & Co. 
 
 In full of % 
 
 19 
 
 495 
 
 J 5 
 
 
 
 
 22 
 
 A. C. Ladd 
 
 In full of % 
 
 20 
 
 900 
 
 
 
 
 
 23 
 
 \Viley & G een 
 
 On % 
 
 IO 
 
 2180 
 
 15 
 
 
 
 
 2 3 
 
 A. C. Ladd 
 
 On % 
 
 20 
 
 53 
 
 77 
 
 
 
 
 23 
 
 E.M. Chapman, Pvt. 
 
 Hay wood pays 75% 
 of his % 
 
 I 
 
 
 
 475 
 
 
 
 2 3 
 
 Chattels 
 
 Reed for injured 
 
 5 
 
 
 
 
 
 
 
 
 horse 
 
 
 
 
 75 
 
 
 
 23 
 
 Wm. Nelson 
 
 On % 
 
 2 I 
 
 75 
 
 
 
 
 7 y 
 
 23 
 
 
 Total rects from sales 
 Bal. on hand 
 
 = 
 
 18414 
 
 27 
 
 6i55 
 18414 
 
 27 
 
 24569 
 1316 
 
 23* 
 23 
 
 [80] 
 
GEN. MDSE EXAM. PAGE 3 
 
 Accts Debited Explanation LF Mdse Prch's Sundries 
 
 May 
 
 I 
 
 Expense 
 
 Rent and license, $7 5 
 
 21 
 
 
 
 I2O 
 
 
 
 
 
 cleaning store, 85 
 
 
 
 
 
 
 
 
 
 painting, $25 
 
 
 
 
 
 
 
 
 
 signs, $5 
 
 
 
 
 
 
 
 I 
 
 i I all Safe& Lock Cc 
 
 First installment 
 
 9 
 
 
 
 15 
 
 
 
 3 
 
 Wiley & Green 
 
 On % 
 
 10 
 
 583 
 
 61 
 
 
 
 
 3 
 
 Bills Payable 
 
 My acceptance 
 
 7 
 
 
 
 305 
 
 
 
 4 
 
 Mdse Purchases 
 
 Cash Purchase 
 
 I/ 
 
 5000 
 
 
 
 
 
 4 
 
 Freight 
 
 On Inv. No. 
 
 2 3 
 
 
 
 15 
 
 
 
 4 
 
 Int. and Dis. 
 
 Dis. note at Coll Bnk 
 
 14 
 
 
 
 20 
 
 
 
 4 
 
 Freight 
 
 Frt on Glenn's ret n 
 
 23 
 
 
 
 8 
 
 
 
 6 
 
 Salary 
 
 Clerk hire 
 
 18 
 
 
 
 42 
 
 50 
 
 
 6 
 
 H. B. Burton, Pvt. 
 
 Personal use 
 
 i 
 
 
 
 5 
 
 
 
 6 
 
 E.M.Chapman, Pvt. 
 
 Personal use 
 
 i 
 
 
 
 
 
 
 7 
 
 Longshore & Crane 
 
 On % 
 
 15 
 
 1639 
 
 98 
 
 
 
 
 9 
 
 H. B. Burton, Pvt. 
 
 Coll Goldsmith's % 
 
 i 
 
 
 
 7 
 
 5 
 
 
 14 
 
 Int. and Dis. 
 
 Harris's note 
 
 14 
 
 
 
 15 
 
 79 
 
 
 14 
 
 H. B. Burton, Pvt. 
 
 Personal use 
 
 i 
 
 
 
 75 
 
 
 
 14 
 
 E. M. Chapman, Pvt. 
 
 Personal use 
 
 i 
 
 
 
 15 
 
 
 
 14 
 
 Advertising 
 
 
 23 
 
 
 
 7 
 
 5 
 
 
 14 
 
 Wages 
 
 Paid Drayman 
 
 24 
 
 
 
 5 
 
 
 
 14 
 
 Salary 
 
 Clerk hire 
 
 18 
 
 
 
 75 
 
 
 
 16 
 
 Mdse Purchases 
 
 Jason, Evans & Co. 
 
 V 
 
 5288 
 
 25 
 
 
 
 
 16 
 
 Freight 
 
 Un above Inv. 
 
 23 
 
 
 
 IOO 
 
 
 
 17 
 
 Int. and Dis. 
 
 A.&P. TeaCo'spm't 
 
 14 
 
 
 
 IO 
 
 19 
 
 
 20 
 
 H. B. Burton, Pvt. 
 
 Personal use 
 
 I 
 
 
 
 5 
 
 
 
 2O 
 
 E.M.Chapman. Pvt. 
 
 Personal use 
 
 I 
 
 
 
 250 
 
 
 
 20 
 
 Wages ' 
 
 Paid Drayman 
 
 24 
 
 
 
 1 6 
 
 
 20 
 
 Salary 
 
 Paid Clerks 
 
 18 
 
 
 
 5 
 
 
 
 20 
 
 Advertising 
 
 
 23 
 
 
 
 IO 
 
 
 
 2O 
 
 Mdse Purchases 
 
 Cash Purchase 
 
 V 
 
 3325 
 
 70 
 
 
 
 
 20 
 
 Freight 
 
 On above Inv. 
 
 23 
 
 
 
 140 
 
 
 
 22 
 
 Collection 
 
 On Ladd's % 
 
 24 
 
 
 
 i 
 
 20 
 
 
 22 
 
 Bills Payable 
 
 NoteonGateCtyBk 
 
 7 
 
 
 
 2000 
 
 
 
 22 
 
 Int. and Dis. 
 
 Int. on above note 
 
 14 
 
 
 
 2O 
 
 
 
 23 
 
 Int. and Dis. 
 
 OnWiley&Green's% 
 
 14 
 
 
 
 I 
 
 34 
 
 
 2 3 
 2 3 
 
 Bills Payable 
 Salary 
 
 82000 and $1639.98 
 Office Help 
 
 7 
 18 
 
 1639 
 
 98 
 
 2OOO 
 65 
 
 
 
 2 3 
 
 Advertising 
 
 
 23 
 
 
 
 IO 
 
 
 
 23 
 
 Collection 
 
 On Ladd's dft 
 
 24 
 
 
 
 
 .12. 
 
 
 
 
 
 
 17477 
 
 S 2 
 
 5775 
 
 52 
 
 
 
 
 Total paid on Prch's 
 
 
 
 
 17477 
 
 52 
 
 
 
 
 Balance 
 
 
 
 
 1316 
 
 2 3 
 
 
 
 
 
 
 
 
 24569 
 
 2? 
 
 [81] 
 
 Teachers' Manual-6 
 
GENERAL MERCHANDISE 
 EXAMINATION -LEDGER 
 
 H. B. BURTON, STOCK 
 
 19 
 May 
 
 
 
 23 
 23 
 
 H.B.B. Private 
 Bal. P.W. 
 
 L i 
 
 2923 
 
 6075 
 
 67 
 .22 
 
 X 9 
 May 
 
 i 
 
 Bal. 
 
 J i 
 
 6075 
 
 
 6975 
 
 
 
 
 May 
 
 2 3 
 
 ~s 
 
 33 
 
 H. B. BURTON, PRIVATE 
 
 I 9 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 4 
 
 
 J i 
 
 337 
 
 50 
 
 May 
 
 4 
 
 
 J i 
 
 500 
 
 
 
 4 
 
 q 
 
 
 J i 
 
 J 2 
 
 300 
 288 
 
 14 
 
 
 23 
 
 23 
 
 Loss and gain 
 
 Li 
 
 I2 5 
 259 
 
 47 
 
 
 6 
 
 
 C 3 
 
 5 
 
 
 
 23 
 
 H.B.B. Stock 
 
 L i 
 
 2923 
 
 6? 
 
 
 Q 
 
 
 C 3 
 
 7 
 
 50 
 
 
 
 
 
 
 
 
 14 
 
 
 C 3 
 
 75 
 
 
 
 
 
 
 
 
 
 20 
 
 
 C 3 
 
 5 
 
 
 
 
 
 
 
 
 = 
 
 
 
 
 
 3808 
 
 JL4 
 
 
 
 
 
 3808 
 
 14 
 
 
 
 
 
 
 
 
 
 E. M. CHAPMAN, STOCK 
 
 I 9 
 
 May 
 
 23 
 
 Bal. P. W. 
 
 =- 
 
 3221 
 
 97 
 
 I 9 
 May 
 
 4 
 23 
 
 23 
 
 E.M.C.Priv'te 
 Bal. 
 
 L i 
 
 337 
 184 
 
 5 
 
 41 
 
 M 
 
 97 
 
 J2^ 
 
 Jg 
 
 3221 
 3221 
 
 
 May 
 
 L*5 
 
 E. M. CHAPMAN, PRIVATE 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 4 
 
 
 J i 
 
 200 
 
 
 May 
 
 21 
 
 
 J 2 
 
 2OO 
 
 
 
 6 
 
 
 ^ 3 
 
 1 5 
 
 
 
 23 
 
 
 C 4 
 
 475 
 
 
 
 14 
 
 
 C 3 
 
 150 
 
 
 
 2J 
 
 Loss and gain 
 
 L 77 
 
 259 
 
 47 
 
 
 20 
 
 
 C 3 
 
 250 
 
 
 
 
 
 
 
 
 
 23 
 
 E.M.C.Stock 
 
 L i 
 
 184 
 
 _1Z 
 
 
 
 
 
 
 
 = 
 
 
 
 
 934 
 
 47 
 
 
 = 
 
 
 
 
 934 
 
 H 
 
 
 
 [82] 
 
MERCHANDISE 
 
 GENERAL MERCHANDISE 
 EXAMINATION-LEDGER 
 
 May 
 
 May 
 
 23 
 
 23 
 
 23 
 
 Total Purch's 
 
 Less Returns 
 Net Purchases 
 Freight 
 
 Loss and gain 
 
 Bal. 
 
 L 12 
 
 L 23 
 L ii 
 
 5000 
 
 19477 
 
 -__: 
 oo 
 
 24477 
 
 ooooo 
 
 24477 
 268 
 27/2 
 
 52 
 
 20 
 Jjg 
 
 86 
 
 21458 
 
 L, 
 
 2753 
 
 19 
 
 May 
 
 Total Sales 
 
 ss Returns 
 Net Sales 
 
 s 3 
 
 Ll2 
 
 24844 
 
 24844 
 140 
 
 24704 
 
 27458 
 
 23 
 23 
 
 Is 
 
 BILLS RECEIVABLE 
 
 M^y 
 
 i 
 13 
 
 
 J 2 
 
 2OOO 
 
 39 1 
 
 38 
 
 May 
 
 21 
 
 
 1 : 
 
 387 
 391 
 
 50 
 38 
 
 
 3 
 
 
 S i 
 
 659 
 
 23 
 
 
 4 
 
 
 C 2 
 
 2OOO 
 
 
 
 8 
 
 
 S i 
 
 710 
 
 
 
 13 
 
 
 C 2 
 
 387 
 
 5 
 
 
 10 
 
 
 S 2 
 
 775 
 
 
 
 14 
 
 
 C 2 
 
 710 
 
 41 
 
 
 21 
 
 
 s 3 
 
 807 
 
 5 
 
 
 23 
 
 Bal. 
 
 
 1466 
 
 73 
 
 > 
 
 -=r 
 
 
 = 
 
 5343 
 
 ^ 
 
 = 
 
 = 
 
 
 = 
 
 jm^ 
 
 
 M^y 
 
 2 3 
 
 Bat; 
 
 L 25 
 
 1466 
 
 73 
 
 
 
 
 
 
 
 FURNITURE AND FIXTURES 
 
 ~~TO~ 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 i 
 
 i 
 
 
 J i 
 
 2 5 
 300 
 
 
 May 
 
 23 
 
 23 
 
 /w^rr 
 Lo55 owcf gain 
 
 LIJ 
 
 500 
 50 
 
 
 . 
 
 - 
 
 
 .. 
 
 550 
 
 
 
 
 
 . 
 
 
 
 
 ^ 
 
 -33 
 
 May 
 
 23 
 
 Bal. 
 
 L*5 
 
 5OO 
 
 
 
 
 
 
 
 
 CHATTELS 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 i 
 
 
 J i 
 
 375 
 
 
 May 
 
 23 
 23 
 23 
 
 Invry 
 Loss and gain 
 
 C 4 
 
 L ii 
 
 75 
 '75 
 _5 
 
 
 . 
 
 
 
 
 --. 
 
 37^ 
 
 
 
 ^^_ 
 
 ____ 
 
 
 . 
 
 375 
 
 __ 
 
 May 
 
 23 
 
 Bal. 
 
 L * 5 
 
 175 
 
 
 
 
 
 
 
 
 [83] 
 

 May 
 
 i 
 
 
 i_. 
 
 BILI 
 
 
 1 19 
 
 May 
 'AYAl 
 
 4 
 
 
 j ; 
 
 500 
 
 CE 7 
 
 
 
 .S I 
 
 3LE 
 
 
 PA 
 
 19 
 May 
 
 FACE < 
 
 3 
 
 22 
 2 3 
 23 
 
 1 
 
 Bal. 
 
 Iooo 1 
 
 Oi Od Od to 
 
 35 
 35 
 
 2OOO 
 
 3639 
 1O2O 
 
 98 
 
 May 
 
 I 9 
 May 
 
 ICHAR 
 
 I 
 
 6 
 
 7 
 16 
 
 Bal. 
 
 li 
 
 J 2 
 C 2 
 
 2655 
 2000 
 I02O 
 1639 
 2000 
 
 9 8 
 
 9JT4 
 
 I. R 
 
 3020 
 
 9 8 
 
 
 W. 
 
 2 3 
 ps 
 
 ^25 
 
 
 M^y 
 
 6 
 
 
 J 2 
 
 IOOO 
 
 
 May 
 
 i 
 
 
 ^ 
 
 ICOO 
 
 
 
 
 
 HALL SAFE & LOCK Co. 
 
 Ma 9 y 
 
 i 
 
 
 Ci 3 
 
 ~ 
 
 
 M T a 9 y 
 
 i 
 
 
 J i 
 
 300 
 
 
 
 2 3 
 
 Bal. 
 
 
 285 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 300 
 
 
 
 
 
 
 
 300 
 
 
 
 
 
 
 
 
 J 9 
 
 
 
 
 
 
 
 
 
 
 
 
 
 May 
 
 2 3 
 
 Bal. 
 
 L 25 
 
 285 
 
 
 WILEY & GREEN 
 
 -^~ 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 3 
 
 
 J I 
 
 2000 
 
 
 May 
 
 23 
 
 
 C 2 
 
 2l80 
 
 18 
 
 
 3 
 
 
 ^ 3 
 
 583 
 
 61 
 
 
 2 
 
 
 P I 
 
 2583 
 
 61 
 
 
 14 
 
 
 S 2 
 
 805 
 
 is 
 
 
 
 
 
 
 
 
 21 
 
 
 S 2 
 
 137=; 
 
 
 
 
 
 
 
 
 
 
 
 
 4/63 
 
 _76 
 
 
 
 
 
 476^ 
 
 ^6 
 
 
 
 
 
 
 
 
 
 
 
 
 
 [84] 
 

 
 
 
 iw\-/OC 
 
 -!> 
 
 U VJ-fl 
 
 irv 
 
 
 
 PAC 
 
 ,E 11 
 
 19 
 
 
 
 
 
 
 J 9 
 
 
 
 
 
 
 May 
 
 4 
 
 
 } i 
 
 500 
 
 
 May 
 
 2 3 
 
 Mdse 
 
 L 2 
 
 27!2 
 
 37 
 
 
 2 I 
 
 
 J 2 
 
 39 1 
 
 38 
 
 
 
 
 
 
 
 
 2 3 
 
 Fur. and Fix. 
 
 L 4 
 
 5 
 
 
 
 
 
 
 
 
 
 2 3 
 
 Chattels 
 
 L 5 
 
 I2 5 
 
 
 
 
 
 
 
 
 
 23 
 
 Int. and Dis. 
 
 Li4 
 
 609 
 
 35 
 
 
 
 
 
 
 
 
 2 3 
 
 Salary 
 
 L 18 
 
 357 
 
 5 
 
 
 
 
 
 
 
 
 23 
 
 Expense 
 
 L 21 
 
 120 
 
 
 
 
 
 
 
 
 
 2 3 
 
 Advertising 
 
 L2 3 
 
 2 7 
 
 50 
 
 
 
 
 
 
 
 
 23 
 
 Wages 
 
 L 24 
 
 II 
 
 
 
 
 
 
 
 
 
 2 3 
 
 Collection 
 
 L 24 
 
 I 
 
 7 
 
 
 
 
 
 
 
 
 23 
 
 H.B.B. Priv. 
 
 L i 
 
 259 
 
 47 
 
 
 
 
 
 
 
 
 23 
 
 E. M. C. Priv. 
 
 '^ i 
 
 25Q 
 
 47 
 
 
 
 
 
 
 
 
 
 
 
 2712 
 
 JLL 
 
 
 
 
 
 2712 
 
 JI 
 
 
 
 
 
 
 
 
 
 
 
 
 .7 
 
 RET'D MERCHANDISE 
 
 19 
 
 
 
 
 
 
 =ff 
 
 
 
 
 
 
 May 
 
 4 
 
 
 } 2 
 
 140 
 
 
 May 
 
 2?> 
 
 Mdse 
 
 L 2 
 
 140 
 
 
 
 2 3 
 
 Mdse 
 
 L 2 
 
 000 
 
 
 
 
 
 
 
 
 
 
 
 
 140 
 
 
 
 
 
 
 140 
 
 
 
 
 
 
 
 
 
 
 
 W. GLENN 
 
 May 
 
 4 
 
 
 S i 
 
 1464 
 
 93 
 
 May 
 
 4 
 
 
 ] * 
 
 140 
 
 
 
 
 
 
 
 
 
 4 
 
 
 1 .2 
 
 5 
 
 20 
 
 
 
 
 
 
 
 
 
 Bal. 
 
 
 13*9 
 
 7.? 
 
 
 
 
 
 1464 
 
 93 
 
 
 
 
 
 1464 
 
 03 
 
 May 
 
 2 3 
 
 Bal. 
 
 L 25 
 
 1 3 1 9 
 
 73 
 
 
 
 
 
 
 
 INTEREST AND DISCOUNT 
 
 May 
 
 6 
 
 
 I 2 
 
 20 
 
 
 May 
 
 
 
 ! 2 
 
 3 
 
 88 
 
 
 4 
 
 
 X 3 
 
 2O 
 
 
 
 2 .? 
 
 Loss awJ gain 
 
 L // 
 
 
 35 
 
 
 14 
 
 
 C - 
 
 15 
 
 79 
 
 
 
 
 
 
 
 
 17 
 
 
 ^ 3 
 
 10 
 
 1C 
 
 
 
 
 
 
 
 
 22 
 
 
 C 3 
 
 20 
 
 
 
 
 
 
 
 
 
 23 
 
 
 C 3 
 
 I 
 
 34 
 
 
 
 
 
 
 
 
 23 
 
 PerAcis.Rec.Dis 
 
 
 379 
 
 24 
 
 
 
 
 
 
 
 
 
 Bills Rec. Dis. 
 
 
 146 
 
 
 
 
 
 
 
 
 
 
 
 
 61 3 
 
 23 
 
 
 
 
 " 
 
 61.3 
 
 -21 
 
 
 
 
 
 
 
 19 
 
 
 Per- Acts. Rec. Pis. 
 
 
 379 
 
 24 
 
 
 
 
 
 
 
 May 
 
 23 
 
 BillsRec.Dis. 
 
 
 146 
 
 67 
 
 [3 5 ] 
 
E. C. WALTZ & Co. 
 
 NEW YORK, N. Y. 
 
 19 
 
 
 
 
 
 
 ~^9~ 
 
 
 
 
 
 
 May 
 
 i 
 
 
 S i 
 
 1250 
 
 
 May 
 
 4 
 
 
 C 2 
 
 1 100 
 
 
 
 
 
 
 
 
 
 23 
 
 Bal. 
 
 
 150 
 
 
 
 
 
 
 
 _ 
 
 I2 5 
 
 . 
 
 
 
 
 
 
 ____ 
 
 = LJ 
 
 = 
 
 M^y 
 
 23 
 
 Bal. 
 
 L*5 
 
 150 
 
 
 
 
 
 
 1 
 
 LONGSHORE & CRANE PAGE is 
 
 I9 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 I 
 
 
 c I 
 
 1639 
 1639 
 
 98 
 JL 
 
 May 
 
 7 
 
 
 ? i 
 
 3279 
 
 96 
 
 = 
 
 = 
 
 
 ===== 
 
 jaa 
 
 M 
 
 =r 
 
 = 
 
 
 
 
 3279 
 
 ===t 
 
 PAGE , 6 J. M. GOLDSMITH 
 
 19 
 
 
 
 
 
 
 T 9 
 
 
 
 
 
 
 May 
 
 2 
 
 
 S i 
 
 247 
 
 95 
 
 May 
 
 9 
 
 
 J 2 
 
 288 
 
 14 
 
 
 3 
 
 
 S i 
 
 232 
 
 28 
 
 
 9 
 
 
 C 2 
 
 192 
 
 09 
 
 
 
 
 
 = 
 
 480 
 
 - 
 
 
 
 = 
 
 
 
 
 480 
 
 
 SAN FRANCISCO BANK STOCK 
 
 PAGE 17 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 21 
 
 
 I 2 
 
 200 
 
 = . 
 
 May 
 
 i=L 
 
 Bal. 
 
 
 
 200 
 
 = 
 
 May 
 
 23 
 
 Bal. 
 
 L 25 
 
 2OO 
 
 
 
 
 
 
 
 
 PAGE IB SALARY 
 
 19 
 May 
 
 23 
 
 
 J 2 
 
 125 
 
 
 19 
 May 
 
 23 
 
 Loss and gain 
 
 L ii 
 
 357 
 
 50 
 
 
 6 
 
 
 c 3 
 
 42 
 
 5 
 
 
 
 
 
 
 
 
 14 
 
 
 C 3 
 
 75 
 
 
 
 
 
 
 
 ' 
 
 
 20 
 
 
 C 3 
 
 5 
 
 
 
 
 
 
 
 
 
 23 
 
 
 C s 
 
 
 
 
 
 
 
 
 
 
 
 
 
 357 
 
 _5- 
 
 
 
 
 
 
 357 
 
 J 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 [86] 
 
May 
 
 May 23 Bal. 
 
 S. S. BUCKNER & Co. 
 
 NEW YORK, N. Y. 
 
 S 7 
 
 -____-_-- 
 
 5000 
 
 
 *9 
 
 May 
 
 22 
 23 
 
 Bal. 
 
 C 2 
 
 495 
 
 49 
 
 H 
 
 5000 
 
 85 
 
 5000 
 
 L2 5 
 
 49 
 
 
 
 
 A. C. LADD 
 
 CARTERVIIXE, GA. 
 
 J 9 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 7 
 
 
 S i 
 
 537 
 
 66 
 
 May 
 
 13 
 
 
 C 2 
 
 483 
 
 89 
 
 
 18 
 
 
 S 2 
 
 900 
 
 
 
 22 
 
 
 C 2 
 
 900 
 
 
 
 
 
 
 
 
 
 23 
 
 
 C 4 
 
 53 
 
 77 
 
 
 
 
 
 = 
 
 t437 
 
 66 
 
 
 
 
 
 
 = M 1 
 
 66 
 
 
 
 
 
 
 ATLANTIC & PACIFIC TEA Co. 
 
 IVfay 
 
 ii 
 
 
 S 2 
 
 1369 
 
 7 
 
 May 
 
 
 
 ] 2 
 
 35 
 
 
 
 22 
 
 
 ^ 3 
 
 365 
 
 33 
 
 
 17 
 
 
 C 2 
 
 1019 
 
 07 
 
 
 
 
 
 
 
 
 2J 
 
 Bal. 
 
 
 365 
 
 2_L 
 
 
 
 - 
 
 
 __^^__7 
 
 -im 
 
 40 
 
 
 
 
 
 
 
 
 1734 
 
 & 
 
 May 
 
 23 
 
 Bal. 
 
 L25 
 
 365 
 
 33 
 
 
 
 
 
 
 
 EXPENSE 
 
 / 19 
 May 
 
 i 
 
 
 C 3 
 
 120 
 
 W 
 
 M. 1 
 
 J9 
 
 May 
 
 ^ELSO 
 
 fLL 
 
 Loss and gain 
 
 L ii 
 
 720 
 
 E 21 
 
 
 N 
 
 
 PAG 
 
 J 9 
 May 
 
 !9 
 
 May 
 
 14 
 
 Bal. 
 
 S 2 
 
 1300 
 
 
 J 9 
 
 May 
 
 2 3 
 
 2 3 
 
 Bal. 
 
 C 4 
 
 75 
 1225 
 
 
 1300 
 1225 
 
 
 
 1300 
 
 
 23 
 
 L 25 
 
 
 
 
 [87] 
 
SIMMONDS & DRUMMOND 
 
 !9 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 22 
 
 
 S 3 
 
 _552 
 
 ll 
 
 Maw 
 
 L 
 
 Bal. 
 
 
 
 55 2 
 
 48_ 
 
 May 
 
 2 3 
 
 Bal. 
 
 L - 
 
 SS 2 
 
 48 
 
 
 
 
 
 
 
 PAGE 22 P. & G. T. DODD 
 
 I9 
 
 
 
 
 
 
 19 
 
 
 
 
 May 
 
 21 
 
 
 S 2 
 
 130 
 
 
 Alav 
 
 r? JBol. 
 
 
 
 13 < 
 
 
 
 1 9 
 
 
 
 
 
 
 
 
 
 
 
 
 May 
 
 23 
 
 Bal. 
 
 L* 5 
 
 130 
 
 
 
 
 
 
 
 
 FREIGHT PAGE 23 
 
 
 
 
 
 
 
 IQ 
 
 
 
 
 
 
 May 
 
 4 
 
 
 J 2 
 
 5 
 
 20 
 
 Alav 
 
 23 
 
 Mdse 
 
 L 2 
 
 268 
 
 20 
 
 
 4 
 
 
 <- 3 
 
 15 
 
 
 
 
 
 
 
 
 
 4 
 
 
 C s 
 
 8 
 
 
 
 
 
 
 
 
 
 16 
 
 
 C s 
 
 100 
 
 
 
 
 
 
 
 
 
 20 
 
 
 C 3 
 
 140 
 
 
 
 
 
 
 
 
 = 
 
 = 
 
 
 
 268 
 
 20 
 
 = 
 
 = 
 
 
 = 
 
 268 
 
 20 
 
 ADVERTISING PAGE 23 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 14 
 
 
 C 3 
 
 7 
 
 50 
 
 May 
 
 23 
 
 Loss and gain 
 
 L ii 
 
 27 
 
 50 
 
 
 20 
 
 
 C s 
 
 10 
 
 
 
 
 
 
 
 
 
 23 
 
 
 C.5 
 
 10 
 
 
 
 
 
 
 
 
 PAGE 
 
 14 
 
 
 
 C( 
 
 )LLI 
 
 :CTIO 
 
 N 
 
 
 
 
 
 19 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 22 
 
 
 C 3 
 
 i 
 
 20 
 
 MOV 
 
 2 3 
 
 Loss and gain 
 
 L ii 
 
 i 
 
 7 
 
 
 23 
 
 
 C s 
 
 
 5 
 
 
 
 
 
 
 
 = 
 
 
 
 = 
 
 i 
 
 
 = 
 
 = 
 
 
 
 i 
 
 70 
 
 [88] 
 
WAGES 
 
 I 9 
 
 
 
 
 
 
 rp 
 
 
 
 
 
 
 May 
 
 14 
 
 
 C 3 
 
 5 
 
 
 May 
 
 2 3 
 
 Loss (Mid gain 
 
 L n 
 
 ii 
 
 
 
 20 
 
 
 ^ 3 
 
 6 
 
 
 
 
 
 
 
 
 = 
 
 
 
 
 1 1 
 
 
 
 
 
 
 1 1 
 
 
 
 
 
 
 
 
 
 
 
 BALANCE OF BALANCES, OR BALANCE SHEET 
 
 _^ . - ___________^^_^___ _^__ 
 
 May 
 
 23 
 
 Mdse 
 
 L 2 
 
 2753 
 
 86 
 
 Ma 9 y 
 
 23 
 
 Bills Payable 
 
 L 7 
 
 3020 
 
 
 
 
 Bills Rec. 
 
 L 3 
 
 1466 
 
 73 
 
 
 2T, 
 
 Hall S.& L.Co 
 
 L 9 
 
 285 
 
 
 
 23 
 
 Fur. and Fix. 
 
 L 4 
 
 500 
 
 
 
 23 
 
 Int. and Dis. 
 
 L 14 
 
 5 2 5 
 
 91 
 
 
 23 
 
 Chattels 
 
 L 5 
 
 *75 
 
 
 
 23 
 
 H.B. Burton, Stk 
 
 L i 
 
 3151 
 
 33 
 
 
 23 
 23 
 
 W. Glenn 
 S. F. B'nkStk. 
 
 Li7 
 
 1319 
 200 
 
 73 
 
 
 23 
 
 E.C.Chap'nStk. 
 
 L i 
 
 3221 
 
 97 
 
 
 23 
 
 E.C.Waltz& Co. 
 
 L 18 
 
 1 50 
 
 
 
 
 
 
 
 
 
 23 
 
 S.S.Buckn'r&Co 
 
 Li Q 
 
 49 
 
 85 
 
 
 
 
 
 
 
 
 23 
 
 At. &P. Tea Co. 
 
 L 20 
 
 365 
 
 33 
 
 
 
 
 
 
 
 
 23 
 
 Wm. Nelson 
 
 L 21 
 
 1225 
 
 
 
 
 
 
 
 
 
 23 
 
 P. & G. T. Dodd 
 
 L 22 
 
 130 
 
 
 
 
 
 
 
 
 
 
 Simmons & D. 
 
 L 22 
 
 SS 2 
 
 48 
 
 
 
 
 
 
 
 
 23 
 
 Cash 
 
 CB 
 
 1316 
 
 23 
 
 
 
 
 
 
 
 
 
 
 
 10204 
 
 21 
 
 
 
 
 
 10204 
 
 21 
 
 =- 
 
 
 
 
 
 
 
 
 
 Or in order to provide for a Reserve for Bad Debts, some students may prefer to figure 
 the 10 per cent of personal accounts receivable and hills receivable, and then make a 
 Journal entry, debiting Loss and Gain and Crediting Reserve for the amount, 963591. 
 Then, the resources set out in the Statement would equal the footing of the Balance Sheet, 
 as the liabilities would be increased by the amount, ($525.91) reserved for Bad Debts, 
 Many prefer this method, because it, at once furnishes proof of the correctness of the 
 Balance Sheet In that event, no Balance would show below the Int. and Dis. account, 
 but a credit balance of $523.91 would show below the account. Reserve for Bad Debts. 
 Such students should not be marked wrong. Then the Balance Sheet should show as 
 below : 
 
 BALANCE SHEET 
 
 IO 
 
 
 
 
 
 
 19 
 
 
 
 
 
 
 May 
 
 23 
 23 
 
 Mdse 
 Bills Rec. 
 
 L 2 
 
 L 3 
 
 2753 
 1466 
 
 86 
 73 
 
 May 
 
 23 
 23 
 
 Bills Payable 
 HallS.&L.Co. 
 
 \ ' 
 
 L 9 
 
 3020 
 285 
 
 
 
 23 
 
 Accts. Rer. 
 
 L 
 
 3792 
 
 39 
 
 
 23 
 
 Res'vforBd.Db. 
 
 L 
 
 525 
 
 91 
 
 
 23 
 
 Fur. and Fix. 
 
 L 4 
 
 qoo 
 
 
 
 2^ 
 
 H. B. B. St ck 
 
 L i 
 
 3 I 5 I 
 
 33 
 
 
 2 3 
 
 Chattels 
 
 L 5 
 
 '75 
 
 
 
 23 
 
 E. M. C. Stock 
 
 L i 
 
 3221 
 
 97 
 
 
 23 
 
 S. K. Bk. Stk. 
 
 L 17 
 
 200 
 
 
 
 
 
 
 
 
 
 23 
 
 Cash 
 
 CB 
 
 I3l6 
 
 -2i 
 
 
 
 
 
 
 
 == 
 
 =r 
 
 
 = 
 
 IO2O4. 
 
 2 I 
 
 
 
 =r 
 
 
 = 
 
 10204 
 
 21 
 
 [89] 
 
TRIAL BALANCE AND STATEMENT 
 
 OF H. B. BURTON'S BUSINESS, MAY 23, 19 
 
 
 
 i 
 
 H. B. Burton, Stock 
 
 
 
 
 6075 
 
 
 
 
 i 
 
 H. B. Burton, Private 
 
 
 3808 
 
 14 
 
 625 
 
 
 
 
 i 
 
 E. M. Chapman, Stock 
 
 
 
 
 337 
 
 5 
 
 
 
 i 
 
 E. M. Chapman, Private 
 
 
 75 
 
 
 675 
 
 
 
 
 2 
 
 3 
 
 Mdse (Invry $2753.86) 
 Bills Receivable 
 
 
 24477 
 5343 
 
 5 2 
 
 24844 
 3876 
 
 23 
 79 
 
 
 
 4 
 
 Fur. and Fix. (Invry $500) 
 
 
 55 
 
 
 
 
 
 
 5 
 7 
 
 Chattels (Invry $175) 
 Bills Payable 
 
 
 375 
 6294 
 
 9 8 
 
 75 
 
 98 
 
 
 
 9 
 
 Hall Safe & Lock Co. 
 
 
 15 
 
 
 300 
 
 
 
 
 1 1 
 
 Loss and Gain 
 
 
 891 
 
 38 
 
 
 
 
 
 12 
 
 Retd Mdse 
 
 
 140 
 
 
 
 
 
 
 13 
 
 W. Glenn 
 
 
 1464 
 
 93 
 
 145 
 
 20 
 
 
 
 14 
 
 Int. and Dis. 
 
 
 87 
 
 3 2 
 
 3 
 
 85 
 
 
 
 
 S. F. Bank Stock 
 
 
 200 
 
 
 
 
 
 
 18 
 
 Salary 
 
 
 357 
 
 50 
 
 
 
 
 
 18 
 
 E. C. 'Waltz & Co. 
 
 
 i 250 
 
 
 I IOO 
 
 
 
 
 19 
 
 S. S. Buckner & Co. 
 
 
 5000 
 
 
 495 
 
 15 
 
 
 
 20 
 
 Atlantic & Pacific Tea Co. 
 
 
 1734 
 
 40 
 
 1369 
 
 07 
 
 
 
 21 
 
 Wm. Nelson 
 
 
 1300 
 
 
 75 
 
 
 
 
 21 
 
 Expense 
 
 
 120 
 
 
 
 
 
 
 22 
 
 P. and G. T. Dodd 
 
 
 I 3 
 
 
 
 
 
 
 22 
 
 Simons & Drummond 
 
 
 SS 2 
 
 48 
 
 
 
 
 
 23 
 
 Freight 
 
 
 268 
 
 20 
 
 
 
 
 
 23 
 
 Advertising 
 
 
 27 
 
 50 
 
 
 
 
 
 24 
 
 Wages 
 
 
 II 
 
 
 
 
 
 
 24 
 
 Collection 
 
 
 I 
 
 70 
 
 
 
 
 
 CB 
 
 Cash 
 
 
 24569 
 
 27 
 
 23253 
 
 04 
 
 
 
 
 
 
 797IQ 
 
 JU 
 
 79719 
 
 84 
 
 
 
 
 STATEMENT 
 
 
 
 
 
 
 
 
 
 RESOURCES 
 
 
 
 
 
 
 
 
 
 Personal Accts Receivable, $3792.39, 
 
 
 
 
 
 
 
 
 
 less 10% $379-24 ----- 
 
 
 3413 
 
 15 
 
 
 
 
 
 2 
 
 Mdse Invry 
 
 Fur. and Fix. Invry 
 
 
 2753 
 500 
 
 86 
 
 
 
 
 
 4 
 
 Chattels Invry - 
 
 
 
 
 
 
 
 
 5 
 
 Bills Rec., $1466.73, less 10% $146.67 
 
 
 1320 
 
 06 
 
 
 
 
 
 3 
 
 S. F. Bank Stock 
 
 
 200 
 
 
 
 
 
 
 CB 
 
 Cash - 
 
 
 
 23 
 
 
 
 
 
 V D 
 
 Total Resources - - - 
 
 
 
 
 9678 
 
 3 
 
 
 
 
 LIABILITIES 
 
 
 
 
 
 
 
 
 
 Personal Accts Payable - 
 
 
 285 
 
 
 
 
 
 
 
 Bills Payable ------ 
 
 
 ^020 
 
 
 
 
 
 
 
 Total Liabilities - 
 
 
 
 
 3305 
 
 
 
 
 
 Firm's Present Worth 
 
 
 
 
 63? 3 
 
 ?o 
 
 :,-"~ 
 
 
 
 : 
 
 .= 
 
 -i 
 
 [90] 
 
STATEMENT Continued. 
 
 GAINS 
 
 Mdse - --- 
 Total Qains - 
 
 LOSSES 
 
 Fur. and Fix. 
 
 Chattels - ... 
 14 Int. and Dis. 
 1 8 Salary - 
 21 Expense - 
 
 23 Advertising - 
 
 24 Wages - - _ - 
 24 Collection - 
 
 Total Losses 
 Firm's Net Gain - 
 
 H. B. Burton - 
 Cr. by Net Stock - 
 " Y?. Net Gain 
 E. M. Chapman 
 
 Cr. by Net Stock - 
 " 1/2 Net Gain 
 Firm's Present Worth 
 
 500 
 39i 
 5 
 125 
 609 
 
 357 
 
 I2O 
 
 2 7 
 II 
 
 T 
 
 5 
 
 2. 
 
 2712 
 
 37 
 
 2891 86 
 
 2 59 47 
 
 2962 
 259 
 
 3I5 1 
 
 3221 
 6373 
 
 43 
 
 33 
 
 30 
 
JOURNAL 
 
 CINCINNATI, OHIO, APRIL 
 
 
 
 
 A copartnership has this day been farmed be- 
 
 
 
 
 
 
 
 
 tween W. Clark, W. \V. Ely, and H. B. Bur- 
 
 
 
 
 
 
 
 
 ton for the purpose of conducting a Clock 
 
 
 
 
 
 
 
 
 Manufacturing Business at 1438 Walnut 
 
 
 
 
 
 
 
 
 street. 
 
 
 
 
 
 
 
 
 The firm name is to be Burton., Clark & Co. 
 
 
 
 
 
 
 
 
 The gains or losses are to be shared in the pro- 
 
 
 
 
 
 
 
 
 portion of three fifths to H. B. Burton and 
 
 
 
 
 
 
 
 
 one fifth each to W. Clark and W. W. Ely. 
 
 
 
 
 
 
 
 
 W. Clark invests the following resources and 
 
 
 
 
 
 
 
 
 liabilities : 
 
 
 
 
 
 
 
 CB 
 
 Cash 
 
 17632 
 
 So 
 
 
 
 
 
 Q 
 
 Bills Receivable 
 
 4395 
 
 25 
 
 
 
 
 
 8 
 
 A. G. Davis 
 
 
 
 11277 
 
 
 
 
 i 
 
 W. Clark,' Stock 
 
 
 
 10750 
 
 75 
 
 
 
 
 For net investment as per above resources and 
 
 
 
 
 
 
 
 
 liabilities 
 
 
 
 
 
 
 
 
 W. W. Ely invests the following resources and 
 
 
 
 
 
 
 
 
 
 liabilities: 
 
 
 
 
 
 
 
 CB 
 
 Cash 
 
 9603 
 
 35 
 
 
 
 
 
 10 
 
 Mortgages Receivable 
 
 10750 
 
 75 
 
 
 
 
 
 5 
 
 J. B. Loom is 
 
 
 
 7068 
 
 85 
 
 
 
 2 
 
 W. W. Ely, Stock 
 
 
 
 13285 
 
 25 
 
 
 
 
 For net investment as per above resources and 
 
 
 
 
 
 
 
 
 liabilities. 
 
 
 
 
 
 
 
 
 H. B. Burton invests the following resources and 
 
 
 
 
 
 
 
 
 liabilities . 
 
 
 
 
 
 
 
 CE 
 
 Cash 
 
 1680 
 
 
 
 
 
 
 ri 
 
 Chattels 
 
 55 
 
 
 
 
 
 
 7 
 
 N. V. Taylor 
 
 3265 
 
 50 
 
 
 
 
 
 6 
 
 M. J. Quinn 
 
 4785 
 
 25 
 
 
 
 
 
 4 
 
 Merchandise 
 
 49580 
 
 3 
 
 
 
 
 
 12 
 
 Bills Payable 
 
 
 
 24225 
 
 5 
 
 
 
 3 
 
 H. B. Burton, Stock 
 
 
 
 35 6 35 
 
 55 
 
 
 
 
 For net investment as per above resources and 
 
 
 
 
 
 
 
 
 liabilities 
 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 4785 
 
 
 
 
 
 
 5 
 
 J. B. Loom is 
 
 
 
 4785 
 
 
 
 
 
 For Inv. No. 
 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 1840 
 
 75 
 
 
 
 
 
 8 
 
 A. G. Davis 
 
 
 
 1840 
 
 75 
 
 
 
 
 For Inv. No. 
 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 2390 
 
 2 5 
 
 
 
 
 
 5 
 
 J. B. Loomis 
 
 
 
 2390 
 
 2 5 
 
 
 
 
 For Tnv. No. 
 
 
 
 
 
 
 
 
 4 
 
 Mdse 
 
 3 2 35 
 
 5 
 
 
 
 
 
 8 
 
 A. G. Davis 
 
 
 
 3235 
 
 5" 
 
 
 
 
 For Inv. No. 
 
 
 
 
 
 (92) 
 
TUESDAY, APRIL 
 
 BURTON, CLARK Sc CO. 
 JOURNAL 
 
 
 
 
 FIRST 
 
 
 
 
 
 
 
 
 TRIAL BALANCE AND STATEMENT 
 
 
 
 
 
 
 
 
 W. Clark 
 
 
 
 10750 
 
 75 
 
 
 
 
 W. W. Ely 
 
 
 
 3285 
 
 25 
 
 
 
 
 H. B. Burton 
 
 
 
 35 6 35 
 
 55 
 
 
 
 
 Mdse (Inv'ry $60,585.75) 
 
 73127 
 
 80 
 
 14486 
 
 5 
 
 
 
 
 J. B. Loomis --------- 
 
 2500 
 
 
 14244 
 
 10 
 
 
 
 
 M. J. Quinn 
 
 12376 
 
 
 20OO 
 
 
 
 
 
 N. V. Taylor 
 
 10161 
 
 25 
 
 " 1500 
 
 
 
 
 
 A. G. Davis -------- 
 
 500 
 
 
 ^353 
 
 25 
 
 
 
 
 Mortgages Receivable ------ 
 
 4o95 
 10750 
 
 2 5 
 
 75 
 
 
 
 
 
 
 Chattels (Inv'ry $495) 
 
 55 
 
 
 
 
 
 
 
 Bills Payable - - - 
 
 
 
 24225 
 
 50 
 
 
 
 
 Expense ..... 
 
 300 
 
 
 
 
 
 
 
 Casji 
 
 32415 
 
 85 
 
 I459 6 
 
 
 
 
 
 
 147076 
 
 ]Kf 
 
 147076 
 
 ~ 
 
 
 
 
 RESOURCES 
 
 
 
 
 
 
 
 
 M. J. Quinn - 
 
 10376 
 
 
 
 
 
 
 
 N. V. Taylor 
 
 8661 
 
 2 5 
 
 
 
 
 
 
 Bills Receivable -------- 
 
 4395 
 
 25 
 
 
 
 
 
 
 Mortgages Receivable - - 
 
 10750 
 
 75 
 
 
 
 
 
 
 Chattels Inv'ry 
 
 495 
 
 
 
 
 
 
 
 Mdse Inv'ry 
 
 60585 
 
 75 
 
 
 
 
 
 
 Cash 
 
 17819 
 
 85 
 
 113083 
 
 85 
 
 
 
 
 LIABILITIES 
 
 
 
 
 
 
 
 
 J. B. Loomis - - : 
 
 11744 
 
 10 
 
 
 
 
 
 
 A. G. Davis -------- 
 
 15853 
 
 25 
 
 
 
 
 
 
 Bills Payable -^ - - - - - 
 
 24225 
 
 50 
 
 51822 
 
 85 
 
 
 
 
 Firm" 1 s Present Worth ------ 
 
 
 
 61261 
 
 00 
 
 
 
 
 GAINS 
 
 
 
 
 
 
 
 
 
 Mdse 
 
 
 
 1944 
 
 45 
 
 
 
 
 LOSSES i 
 
 
 
 
 
 
 
 
 Chattels 
 
 55 
 
 
 
 
 
 
 
 
 O oo 
 
 
 355 
 
 
 
 
 
 Firm" 1 s Net Gain ------- 
 
 
 
 '5$9 
 
 45 
 
 
 
 
 W. CLARK, PARTNER 
 
 
 
 
 
 
 
 
 Cr. by Net Stock Acct 
 
 10750 
 
 75 
 
 
 
 
 
 
 " " \ Net Gain 
 
 3 1 7 
 
 89 
 
 
 
 
 
 
 Net Present Worth 
 
 
 
 11068 
 
 64 
 
 
 
 
 W. W. ELY, PARTNER 
 
 
 
 
 
 
 
 
 Cr. by Net Stock Acct 
 
 13285 
 
 25 
 
 
 
 
 
 
 
 3i7 
 
 89 
 
 
 
 
 
 
 
 Net Present Worth 
 
 
 
 ijboj 
 
 14 
 
 
 
 
 
 
 
 
 
 (93) 
 
BURTON, CLARK a CO. 
 JOURNAL 
 
 THURSDAY, APRIL , 19 
 
 
 
 
 H. B. BURTON, PARTNER 
 
 
 
 
 
 
 
 
 Cr. by Net Stock Acct. 
 
 35 6 35 
 
 55 
 
 
 
 
 
 
 " " f Net Gain 
 
 953 
 
 67 
 
 
 
 
 
 
 Net Present Worth 
 
 
 
 3t>589 
 
 22 
 
 = 
 
 
 
 Firm's Present Worth 
 
 = 
 
 
 
 61261 
 
 00 
 
 
 
 FIRST CLOSING ENTRIES 
 
 
 
 4 
 
 Mdse 
 
 1944 
 
 45 
 
 
 
 
 
 M 
 
 Loss and Gain 
 
 
 
 1944 
 
 45 
 
 
 
 
 Entry necessary for closing accounts that show 
 
 
 
 
 
 
 
 
 a gain. 
 
 
 
 
 
 
 
 u 
 
 Loss and Gain 
 
 355 
 
 
 
 
 
 
 1 1 
 
 Chattels 
 
 
 
 55 
 
 
 
 
 *3 
 
 Expense -------- 
 
 
 
 300 
 
 
 
 
 
 Entries necessary for closing accounts showing 
 
 
 
 
 
 
 
 
 a loss 
 
 
 
 
 
 
 
 t4 
 
 Loss and Gain (Clark, Ely, Burton) - 
 
 1589 
 
 45 
 
 
 
 
 
 i 
 
 W. Clark - - 
 
 
 
 3'7 
 
 8 9 
 
 
 
 2 
 
 W. W. Ely 
 
 
 
 3^7 
 
 8 9 
 
 
 
 3 
 
 H. B. Burton 
 
 
 
 953 
 
 67 
 
 
 
 
 Entries necessary for adjusting the net gain of 
 
 
 
 
 
 
 
 
 the business to the partners' accounts 
 
 
 
 
 
 
 15 
 
 The American Clock Co. 
 
 113083 
 
 St 
 
 
 
 
 
 4 
 
 Merchandise 
 
 
 
 60^85 
 
 75 
 
 
 
 6 
 
 
 
 
 IO3?6 
 
 
 
 
 7 
 
 N. V. Taylor 
 
 
 
 *J / 
 
 8661 
 
 25 
 
 
 
 9 
 
 Bills Receivable 
 
 
 
 4395 
 
 25 
 
 
 
 io 
 
 Mortgages Receivable - - - - 
 
 
 
 10750 
 
 75 
 
 
 
 i> x D 
 
 Chattels 
 
 
 
 495 
 
 oo 
 
 
 
 CB 
 
 Cash 
 
 
 
 17819 
 
 85 
 
 
 
 
 Entry necessary for closing all resource accounts 
 belonging to the partnership firm of Burton, 
 
 
 
 
 
 
 
 
 Clark & Co., and charging the same to the 
 
 
 
 
 
 
 
 
 new company incorporated under the name 
 
 
 
 
 
 
 
 
 of the American Clock Co. 
 
 24.22=; 
 
 c;o 
 
 
 
 
 
 I 2 
 
 
 *'*t*'*' j 
 
 11744 
 
 i*8 
 
 j 
 
 IO 
 
 2; 
 
 
 
 
 
 
 3 
 
 H. B. Burton, Stock Account - - - - 
 
 J J-J 
 
 36589 
 
 J 
 
 22 
 
 
 
 
 
 i 
 
 W. Clark, Stock Account 
 
 11068 
 
 64 
 
 
 
 
 
 2 
 
 W. W. Ely, Stock Account 
 
 13603 
 
 14 
 
 
 
 
 
 15 
 
 The American Clock Co. 
 
 
 
 113083 
 
 8 
 
 
 
 
 Entry necessary for transferring the partners' 
 
 
 
 
 
 
 
 
 accounts and all the liability accounts of the 
 
 
 
 
 
 
 
 
 firm of Burton, Clark & Co., to the corpora- 
 
 
 
 
 
 
 
 
 tion of The American Clock Co. 
 
 
 
 
 
 (94) 
 
CrfAorl BURTON. CLARK & CO 
 PAOE 2 CASH BOOK 
 
 19 
 
 
 
 
 
 
 
 
 
 
 CB 
 
 Balance 
 
 28915 
 
 85 
 
 
 
 
 
 7 
 
 N. V. Taylor, on acct 
 
 I5OO 
 
 
 
 
 = 
 
 = 
 
 6 
 
 M. J. Quinn --------- 
 
 1st Trial Bal. 
 
 2000 
 
 32415 
 
 85 
 
 
 
 
 
 (95) 
 
BURTON. CLARK & CO. 
 CASH BOOK 
 
 CASH 
 
 
 
 13 
 
 Expense, City license - 
 
 45 
 
 
 
 
 
 
 X 3 
 
 " rent for one month 
 
 175 
 
 
 
 
 
 
 13 
 
 ** books and stationery - 
 
 50 
 
 
 
 
 
 
 4 
 
 Mdse, manufacturing expenses 
 
 2265 
 
 25 
 
 
 
 
 
 4 
 
 " per Inv. No .... 
 
 7380 
 
 25 
 
 
 
 
 
 4 
 
 " manufacturing expense - - 
 
 1650 
 
 5 
 
 
 
 
 
 Q 
 
 A C* T^ "c- y*t 
 
 COO 
 
 
 
 
 
 
 O 
 
 5 
 
 J. B. Loomis, on acct ---.-- 
 
 2500 
 
 
 
 
 
 
 
 Expense, for sundry items - - - - 
 
 30 
 
 
 H59 6 
 
 00 
 
 
 
 
 1st Trial Bal. 
 
 
 
 
 
 
 
 CB 
 
 Balance ....*...- 
 
 
 
 17819 
 
 85 
 
 
 
 
 
 
 
 32415 
 
 5 
 
 
 
 
 
 
 
 
 
 BURTON. CLARK & CO. SALES BOOK 
 SALES BOOK PAGE S 
 
 
 
 6 
 
 M. J. Quinn 
 
 
 
 5345 
 
 5 n 
 
 
 
 
 Mdse per bill rendered 
 
 
 
 
 
 
 
 7 
 
 N. V. Taylor 
 
 
 
 3445 
 
 5 
 
 
 
 
 Mdse per bill rendered 
 
 
 
 
 
 
 
 7 
 
 N. V. Taylor 
 
 
 
 345 
 
 25 
 
 
 
 
 Mdse per bill rendered 
 
 
 
 
 
 
 
 6 
 
 M. J. Quinn 
 
 
 
 2245 
 
 25 
 
 
 
 
 Mdse per bill rendered 
 
 
 
 
 
 
 
 4 
 
 Mdse Cr. 
 
 
 
 14486 
 
 5 n 
 
 (96) 
 
LEDGER PAGE 1 
 
 PAG 
 
 E 2 
 
 Present WorlJi 
 
 J3 
 
 11068 
 
 64 
 
 
 
 Present Worth 
 
 J i 
 
 3 
 
 10750 
 317 
 
 75 
 89 
 
 64 
 
 
 11068 
 
 64 
 
 11068 
 
 = 
 
 11068 
 W 
 
 _64_ 
 
 . W 
 
 . Ei/s 
 
 7- 
 
 11068 
 
 _64 
 
 
 = 
 
 Present Worth 
 
 J 3 
 
 f&oj 
 
 '4 
 
 = 
 
 = 
 
 Present Worth 
 
 ] 2 
 3 
 
 13285 
 317 
 
 25 
 89 
 
 
 13603 
 13603 
 
 14 
 
 E 
 
 13603 
 13603 
 
 _H 
 
 "H 
 
 
 
 H. B. BURTON 
 
 PAGE 5 
 
 
 
 Present Worth 
 
 J 3 
 
 J6JT&? 
 
 22 
 
 
 
 Present Worth 
 
 J i 
 
 3 
 
 35635 
 953 
 
 55 
 67 
 
 
 36589 
 
 22 
 
 36589 
 36589 
 
 22 
 
 
 
 
 
 36589 
 
 22 
 
 
 
 
 ~22~ 
 
 ~~ 
 
 ~^~- 
 
 ~ """ 
 
 ~ 
 
 ~~"^ 
 
 ^^ 
 
 ~^~ 
 
 ~~ 
 
 MERCHANDISE 
 
 
 
 
 r i 
 
 4958o 
 
 So 
 
 
 
 S. B. 
 
 5 
 
 14486 
 
 50 
 
 
 
 
 i 
 
 4785 
 
 
 
 
 Inv'ry 
 
 J 3 
 
 60585 
 
 75 
 
 
 
 
 i 
 
 1840 
 
 75 
 
 
 
 
 
 
 
 
 
 
 i 
 
 2390 
 
 25 
 
 
 
 
 
 
 
 
 
 
 i 
 
 3235 
 
 50 
 
 
 
 
 
 
 
 
 
 
 ^i 
 
 2265 
 
 25 
 
 
 
 
 
 
 
 
 
 
 i 
 
 738o 
 
 25 
 
 
 
 
 
 
 
 
 
 
 i 
 
 1650 
 
 So 
 
 
 
 
 
 
 
 
 
 Gain 
 
 J3 
 
 1944 
 
 45 
 
 
 
 
 
 
 
 
 
 
 
 75072 
 
 25 
 
 
 
 
 
 75072 
 
 25 
 
 
 
 Inv'rj 
 
 
 60585 
 
 75 
 
 
 
 
 
 
 
 J. B. LOOMIS PAGE 5 
 
 
 
 
 C3 
 
 2500 
 
 
 
 
 
 I i 
 
 7068 
 
 85 
 
 
 
 
 J 3 
 
 11744 
 
 10 
 
 
 
 
 i 
 
 4785 
 
 
 
 
 
 
 
 
 
 
 
 i 
 
 2390 
 
 25 
 
 = 
 
 = 
 
 
 
 
 14244 
 
 10 
 
 = 
 
 = 
 
 
 = 
 
 14244 
 
 16 
 
 (97) 
 
M. J. OUINN 
 
 BURTON. CLARK & CO 
 LEDGER 
 
 . 
 
 = 
 
 
 
 i; 
 
 5 
 
 4785 
 
 5345 
 2245 
 
 25 
 50 
 
 25 
 
 
 
 
 C2 
 
 J 3 
 
 2000 
 10376 
 
 
 12376 
 N. 
 
 00 
 
 12376 
 
 7 
 
 
 V. 1 
 
 A AYLO 
 
 R 
 
 PAGE 
 
 PAGI 
 
 : 8 
 
 
 ll 
 
 5 
 
 3265 
 3445 
 345 
 
 50 
 50 
 
 25 
 
 j 
 
 ^. DA 
 
 
 
 C 2 
 
 3 
 
 1500 
 8661 
 
 25 
 
 10161 
 
 _2j>_ 
 
 I0l6l 
 
 .!! 
 
 
 J 
 
 <Y. C 
 
 VIS 
 
 
 = 
 
 == 
 
 
 
 C T, 
 
 J3 
 
 500 
 15853 
 
 16353 
 
 BILLS 
 
 I 
 
 25 
 
 CEIVA 
 
 BL1 
 
 e 
 
 J i 
 
 i 
 
 i 
 
 II277 
 
 1840 
 3235 
 
 75 
 5o 
 
 25 
 
 ^353 
 
 RE 
 
 PAGE 9 
 
 PAG 
 
 
 
 J_J 
 
 Me 
 
 4395 
 
 =1 
 
 SES 
 
 - 
 
 RECEIVE 
 
 .BLE 
 
 J 3 
 
 4395 
 
 25 
 
 E 10 
 
 )RTGA 
 
 
 
 = 
 
 
 - 
 
 J i 
 
 
 
 
 
 J 3 
 
 10750 
 
 Ii 
 11 
 
 10750 
 
 75 
 
 CHATTELS 
 
 PAGE 
 
 
 
 Inv^ry 
 
 J i 
 
 550 
 
 
 ' ===== 
 
 
 Inv'rj 
 
 Loss 
 
 ii 
 
 495 
 
 55 
 
 
 
 550 
 
 
 - 
 
 550 
 
 
 = 
 
 = 
 
 = 
 
 49S 
 
 = 
 
 
 495 
 
 
 
 
 
 
 (98) 
 
BILLS PAYABLE 
 
 EXPENSE 
 
 . ^ c^u 4 R K -PJ -c<J> , J 
 
 LEDGER 
 
 
 
 
 J 3 UMS 
 
 5 
 
 
 
 
 J_, 
 
 24225 
 
 50 
 
 C3 
 
 45 
 
 
 
 
 3 
 
 175 
 
 
 
 
 3 
 
 50 
 
 
 
 
 3 
 
 30 
 
 
 
 
 = 
 
 300 
 
 = 
 
 = 
 
 = 
 
 J 3 
 
 300 
 
 300 
 
 Loss AND GAIN 
 
 
 
 
 I 3 
 
 355 
 
 
 
 
 Mdse 
 
 J 3 
 
 1944 
 
 45 
 
 
 
 W. Clark 
 
 3 
 
 3 1 7 
 
 89 
 
 
 
 
 
 
 
 
 
 
 W. W. Ely 
 
 3 
 
 3 1 ? 
 
 8q 
 
 
 
 
 
 
 
 
 
 H. B. Burton 
 
 3 
 
 953 
 
 67 
 
 
 
 
 
 
 
 = 
 
 = 
 
 
 = 
 
 1944 
 
 ii 
 
 = 
 
 = 
 
 
 = 
 
 J 944 
 
 * 
 
 THE AMERICAN CLOCK Co. 
 
 85 
 
 113083 85 
 
 (99) 
 
AMERICAN CLOCK CO. 
 STOCK SUB. BOOK 
 
 We, the undersigned, do hereby subscribe for a?id agree to take 
 
 the number of Shares of Capital Stock at. ......... 
 
 in the ............... ^ 
 
 set opposite our respective names. 
 
 value 
 ( Limited) 
 
 DATE 
 
 NAME 
 
 ADDRESS 
 
 NO. OF SHARES 
 
 Am't 
 Dollars 
 
 40 
 
 
 Xa.3* 
 
 
 ^snw.e nun '</ Jen 
 
 340 
 
 34, 000 
 
 
 
 *w 
 
 
 (sue nundr*ed 
 
 400 
 
 40, 000 
 
 
 
 **4fr 
 
 
 ' ' facttfu 
 
 if 
 
 420 
 
 42, 000 
 
 
 
 s* 9S. <&~t 
 
 
 3t*fy 
 
 30 
 
 3,000 
 
 
 
 y. e. au. 
 
 
 .Jfce /iHtta^ea 
 
 200 
 
 J0, 000 
 
 
 
 Cfl /? /fi> / 
 j. Jz. (L/4vcpn 
 
 
 %L 
 
 5 
 
 500 
 
 
 
 
 
 
 5 
 
 500 
 
 (100) 
 
VMERICAN CLOCK CO. 
 JOURNAL 
 
 MONDAY, APRIL 
 
 '3 
 14 
 
 '5 
 i 
 
 2 
 
 3 
 
 8 
 CB2 
 
 
 i 6 
 
 18 
 4 
 
 6 
 13 
 
 i4 
 
 10 
 
 Subscription (for all stock sub.) - - - - 
 
 Treasury Stock 
 
 Merchandise 
 
 N. V. Taylor -------- 
 
 M. J. Quinn 
 
 Bills Receivable 
 
 Chattels ---------- 
 
 Mortgages Receivable - - 
 
 Cash 
 
 Capital Stock 
 
 Bills Payable 
 
 A. G. Davis - 
 
 J. B. Loomis 
 
 H. B. Burton - 
 
 W. Clark 
 
 W. W. Ely 
 
 Subscription 
 
 For the nominal amount of stock of The Ameri- 
 can Clock Co., incorporated on a basis of 
 $80,000 Capital Stock, divided into 800 
 shares, at a par value of $100 each, of which 
 40 shares are to remain on the company's 
 books as Treasury Stock until sold. The re- 
 maining 760 shares have been issued to the 
 incorporators and associates as follows : 
 H. B, Burton, 310 shares $31000 
 
 W. Clark, 100 shares 10000 
 
 W. \V. Ely, 1 20 shares 12000 
 
 A. B Cook, 30 shares 3000 
 
 G. E. Daley, 200 shares 20000 
 
 Subscription - 
 
 Treasury 
 For the par value of 5 shares of Treasury Stock 
 
 sold to S. L. Osborn for cash at a discount of 
 
 20%, as per the following entry : 
 
 Stock Premium and Discount - - - - - 
 
 Subscription 
 
 For discount on 5 shares of Treasury Stock sold 
 to S. L. Osborn as per above entry 
 
 Subscription 
 
 Treasury Stock -.--.. 
 For the par value of 5 shares of Treasury Stock 
 sold to N. V. Taylor for Mdse. at a premium 
 of 5% as per the following entry : 
 
 Merchandise .-.-.-..- 
 Subscription ------- 
 
 Stock Premium and Discount 
 Far 5 shares of Treasury Stock at par value, 
 sold at a premium of 5% in favor of N. V. 
 Taylor for merchandise, as per Inv. No. 
 
 (101) 
 
 76000 
 4Ooo 
 
 866 1 
 10376 
 
 4395 
 
 495 
 
 10750 
 
 17819 
 
 500 
 
 525 
 
 80000 
 24225 
 
 15853 
 11744 
 
 5589 
 
 1068 
 
 1603 
 
 53000 
 
 100 
 
 500 
 2; 
 
 50 
 2 5 
 10 
 
 22 
 64 
 
 H 
 
 86 
 
WEDNESDAY, APRIL 
 
 JOURNAL 
 
 
 
 12 
 
 
 1 1 ^O 
 
 
 
 
 
 
 13 
 
 Subscription - 
 For amount of dividend due A. B. Crook and 
 
 
 
 :i50 
 
 
 
 
 
 G. E. Daley, which is placed to their credit 
 
 
 
 
 
 
 
 
 in the Stock Ledger as follows : 
 
 
 
 
 
 
 
 
 A. B. Crook $ 150 
 
 
 
 
 
 
 
 
 G. E. Daley 1000 
 
 
 
 
 
 
 
 '5 
 
 Merchandise -- 
 
 1200 
 
 
 
 
 
 
 13 
 
 Subscription (A. B. Crook) ... 
 
 
 
 I2OC 
 
 
 
 
 
 Received merchandise of A. B. Crook as part 
 
 
 
 
 
 
 
 
 payment on his stock, as per Inv. No, 
 
 
 
 
 
 
 
 3 
 
 Bills Receivable 
 
 QOOO 
 
 
 
 
 
 
 13 
 
 Subscription (G. E. Daley) 
 
 
 
 9000 
 
 
 
 
 
 Received G. E. Daley's note at 30 days' int. at 
 
 
 
 
 
 
 
 
 4%, as part payment on his stock 
 
 
 
 
 
 (102) 
 
FIRST TRIAL BALANCE 
 OF THE AMERICAN CLOCK Co., APRIL 
 
 AMERICAN CLOCK CO 
 
 JOURNAL 
 
 
 
 
 Subscription 
 
 77000 
 
 
 67650 
 
 
 
 
 
 Treasury Stock ------- 
 
 4000 
 
 
 IOOO 
 
 
 
 
 
 Mdse - - 
 
 84855 
 
 75 
 
 25855 
 
 80 
 
 
 
 
 Bills Payable 
 
 
 
 27225 
 
 50 
 
 
 
 
 A. G. Davis --------- 
 
 
 
 15853 
 
 25 
 
 
 
 
 J. B. Loomis -------- 
 
 
 
 11744 
 
 10 
 
 
 
 
 N V Taylor ------- 
 
 8661 
 
 2C 
 
 
 
 
 
 
 
 10376 
 
 *3 
 
 
 
 
 
 
 
 Bills Receivable - - 
 
 13395 
 
 25 
 
 
 
 
 
 
 H. B. Burton 
 
 
 
 5589 
 
 22 
 
 
 
 
 W Clark --------- 
 
 
 
 1068 
 
 6A 
 
 
 
 
 W. W. Ely 
 
 
 
 1603 
 
 uq. 
 
 14 
 
 
 
 
 Chattels -.-... 
 
 495 
 
 
 
 
 
 
 
 Mortgages Receivable ------ 
 
 10750 
 
 75 
 
 
 
 
 
 
 Capital Stock -------- 
 
 
 
 80000 
 
 
 
 
 
 Dividend No. i-------- 
 
 2765 
 
 
 
 
 
 
 
 Dividend No. 2-------- 
 
 3875 
 
 
 
 
 
 
 
 Stock Premium and Discount - 
 
 IOO 
 
 
 25 
 
 
 
 
 
 
 161 
 
 80 
 
 
 
 
 
 
 Assessment No. i- ------ 
 
 lu o 
 
 
 6i35 
 
 
 
 
 
 Cash 
 
 55510 
 
 65 
 
 28419 
 
 5 
 
 
 
 
 T^nrni tiwp onrl T^ivtnroc 
 
 IQC 
 
 *> C 
 
 
 
 
 
 
 
 1 yj 
 
 oc 
 
 *S 
 
 
 
 
 
 
 
 *J 
 
 To" 
 
 __ 
 
 
 
 272168 
 
 272168 
 
 70 
 
 
 
 
 SECOND TRIAL BALANCE 
 
 
 
 <^ 
 
 
 
 
 
 
 OF THE AMERICAN CLOCK Co., APRIL , 190 . 
 
 
 
 
 
 
 
 
 Interest and Discount - - . - 
 
 68 
 
 06 
 
 
 
 
 
 
 Subscription ------- 
 
 77000 
 
 
 67650 
 
 
 
 
 
 Tr*iOc?ni-ir Qfr /-*/*lr 
 
 4000 
 
 
 IOOO 
 
 
 
 
 
 Mdse ---------- 
 
 84855 
 
 75 
 
 80062 
 
 26 
 
 
 
 
 Chattels --- 
 
 495 
 
 
 45 
 
 
 
 
 
 Capital Stock -------- 
 
 
 
 80000 
 
 
 
 
 
 Dividend No. i-------- 
 
 2765 
 
 
 
 
 
 
 
 Dividend No. 2 ------ 
 
 3875 
 
 
 
 
 
 
 
 Stock Premium and Discount - - - - - 
 
 IOO 
 
 
 2 5 
 
 
 
 
 
 Expense 
 
 163 
 
 80 
 
 
 
 
 
 
 Assessment No. i ------- 
 
 
 
 6i35 
 
 
 
 
 
 Furniture and Fixtures ------ 
 
 Pu<h 
 
 153550 
 
 3 2 i 
 
 75 
 
 91^)70 
 
 QR 
 
 
 
 
 
 
 IF 
 
 t/IOl U 
 
 57U 
 
 327068 
 
 327068 
 
 22_ 
 
 
 
 9 
 
 Capital Stock - .... 
 
 18990 
 
 
 
 
 
 
 r 3 
 
 Subscription ------- 
 
 
 
 9350 
 
 
 
 
 14 
 
 Treasury Stock ------ 
 
 
 
 3000 
 
 
 
 
 1 1 
 
 Dividend No. I 
 
 
 
 2765 
 
 
 
 
 12 
 
 Dividend No. 2 ------ 
 
 
 
 3875 
 
 
 
 
 
 Entry necessary for closing the above accounts 
 
 
 
 
 
 
 
 
 to the Capital Stock account on closing the 
 
 
 
 
 
 
 
 
 books, , I9 
 
 
 
 
 
 
 
 20 
 
 Assessment No. I ---_... 
 
 6i35 
 
 
 
 
 
 
 9 
 
 Capital Stock ------ 
 
 
 
 6i35 
 
 
 
 
 
 Entry necessary for closing the Assessment ac- 
 
 
 
 
 
 
 
 
 count to the Capital Stock account, on closing 
 
 
 
 
 
 
 
 
 the books, 19 
 
 
 
 
 
 
 
 (103) 
 
 
 
 
 
TUESDAY, APRIL 
 
 AMERICAN CLOCK CO. 
 
 
 
 
 = 
 
 
 THIRD 
 
 TRIAL BALANCE AND STATEMENT 
 
 OF THE AMERICAN CLOCK Co., APRIL , 19 . 
 
 Capital Stock 
 Stock "Premium and Discount .... 
 Mdse 
 Expense 
 
 Furniture and Fixtures ..-.-- 
 
 18990 
 
 IOO 
 
 84855 
 163 
 
 *95 
 68 
 153550 
 
 495 
 
 21 
 
 25 
 06 
 36 
 
 IE 
 
 86135 
 
 25 
 80062 
 
 175 
 
 91570 
 45 
 
 26 
 96 
 
 
 Chattels 
 
 RESOURCES 
 
 258418 
 
 
 
 4793 
 163 
 20 
 68 
 45 
 75 
 
 67M5 
 5165 
 
 258418 
 
 22 
 
 40 
 
 40 
 
 60 
 
 do 
 
 61979 
 6/979 
 
 Firm's Present Worth ...... 
 
 = 
 
 LOSSES 
 
 49 
 80 
 
 25 
 06 
 
 5165 
 
 C/6V 
 
 
 Furniture and Fixtures ...... 
 Interest and Discount ------ 
 Chattels - 
 
 Stock Premium and Discount .... 
 
 = 
 
 THE AMERICAN CLOCK CO. 
 
 Capital Stock, Dr. 18990 - 
 Cr. 86135 
 Paid up Capital -- 
 Net Loss 
 Firm" 1 s Present Worth ------ 
 
 60 
 60 
 
 60 
 
 6X979 
 
 6/979 
 
 4793 
 163 
 20 
 68 
 45 
 75 
 
 5 l6 5 
 
 40 
 
 40 
 
 49 
 80 
 
 25 
 06 
 
 60 
 
 24 
 15 
 19 
 
 21 
 23 
 
 7 
 ro 
 
 9 
 24 
 
 CLOSING ENTRIES (3D TRIAL BAL.) 
 
 3165 
 5165 
 
 MrUe - 
 
 
 Furniture and Fixtures 
 Interest and Discount - - - - 
 Chattels 
 Stock Premium and Discount - - - 
 Entry necessary for closing accounts that show 
 a loss 
 
 Capital Stock 
 
 Entry necessary for closing the Loss and Gain 
 account to the Capital Stock account 
 
 (104) 
 
\ 
 ^4 
 
 \S 
 
 1 
 
 il 
 
 P 
 
 a 
 
 . H 33 
 
 ffi > 
 Z< 
 
 <$. 0, 
 
 S y 
 
 ' 
 
 CERTIFICATE 1 
 
 PPS ^ 
 
 
 a 
 
 
 
 
 2 J 
 
 
 I I 
 
 ^ * 
 Cfl 
 
 
 1 
 
 
 
 t- 
 C 
 
 O 
 c/: 
 
 SURRENDERER 
 
 Subject to By-Laws of 
 Company 
 
 
 Q 
 W 
 
 cn 
 
 < 
 
 r-i 
 W 
 
 a 
 Z 
 
 ON [Hjoi 
 
 o o 
 
 O t- 
 
 t^ t- 
 
 o - 2 
 
 O O O O O "->"> 
 
 i O n ro O 
 
 ff) M 1 M 
 
 a 
 
 ^ flj 
 
 d ro ^* i-ovO 
 
 ^ 2 
 
 
 J 
 
 
 OH 
 
 O 
 
 o 
 
 Bb 
 
 Q 
 W 
 
 OJ 
 
 52 
 
 2 ^"o JT c -^ 
 pq U > pq y j ^> 
 
 
 
 (105) 
 
AMERICAN CLOCK CO 
 ASSESSMENT BOOK 
 
 Date Delinquent^. 19 Date of Sale 
 
 3 PER CENT ON PREFERRED STOCK 
 
 Assessment No tf % per Share. Levied. 
 
 .19 
 
 STOCKHOLDER'S NAME 
 
 Cer. 
 
 No. 
 
 Share 
 No. 
 
 Amount in 
 Dollars 
 
 ^3 Date of 
 O Payment 
 
 REMARKS 
 
 H. B. Burton 
 
 
 310 
 
 2480 
 
 
 
 
 Paid 
 
 W. Clark 
 
 
 IOO 
 
 800 
 
 
 
 
 
 W. W. Ely 
 
 
 1 2O 
 
 960 
 
 
 
 
 
 A. B. Crook 
 
 
 3 
 
 240 
 
 
 
 
 
 G. E. Daley 
 
 
 2OO 
 
 1600 
 
 
 
 
 
 S. L. Osborn 
 
 
 5 
 
 I S 
 
 
 
 
 
 N. V. Taylor 
 
 
 5 
 
 40 
 
 
 
 
 
 3 
 
 
 
 
 
 
 
 
 (106) 
 
CASH 
 
 CASH BOOK 
 
 
 
 *3 
 
 Balance 
 
 Subscription A. B. Crook ------ 
 
 3 00 
 
 
 17819 
 
 85 
 
 
 
 *3 
 
 16 
 
 " G. E. Daley 
 
 Bills Payable, note 30 days. 6% - - - - 
 
 2OOO 
 3OOO 
 
 
 
 
 
 
 i5 
 
 Mdse Sale -------- 
 
 13290 
 
 
 
 
 
 
 J 3 
 
 Subscription, Preferred Stock to L, S. Osborn - 
 
 40O 
 
 
 
 
 
 
 i5 
 
 Mdse Sales --...-.. 
 
 12565 
 
 80 
 
 
 
 
 
 20 
 
 Assessment No. I, H. B. Burton - - - - 
 
 2480 
 
 
 
 
 
 
 20 
 
 W. Clark - ... 
 
 800 
 
 
 
 
 
 
 2O 
 
 WW Flv 
 
 nfin 
 
 
 
 
 
 
 
 
 QOU 
 
 
 
 
 
 
 2O 
 
 A. B. Crook - - - - 
 
 240 
 
 
 
 
 
 
 2O 
 
 G. E. Daley - " - 
 
 1600 
 
 
 
 
 
 
 20 
 
 S. L. Osborn - - - - 
 
 15 
 
 
 
 
 
 
 2O 
 
 N. V. Taylor - - - - 
 
 1st Trial Bal. 
 
 40 
 
 
 37690 
 
 55510 
 
 80 
 
 65 
 
 
 
 2 2 
 
 
 2C 
 
 
 
 
 
 
 21 
 
 Furniture and Fixtures ------ 
 
 f y 
 
 175 
 
 
 
 
 
 
 IS 
 
 Mdse Sale 
 
 54206 
 
 46 
 
 
 
 
 
 
 
 A CO 
 
 
 
 
 
 
 I 
 
 N. V. Taylor "- - 
 
 4j u 
 
 8661 
 
 2 5 
 
 
 
 
 
 2 
 
 M. J. Quinn 
 
 10376 
 
 
 
 
 
 
 M 
 
 
 
 r 
 
 
 
 
 
 i 
 
 Mortgages Receivable - .... 
 
 J 3395 
 10750 
 
 Z 5 
 
 75 
 
 98039 
 
 71 
 
 
 
 
 2d Trial Bal. 
 
 
 
 153550 
 
 36 
 
 
 
 
 
 
 
 153550 
 
 86 
 
 
 
 
 
 
 I 
 
 i 
 
 
 (107) 
 
AMERI 
 
 c 
 
 3AN 
 ASH 
 
 = LOC 
 
 BOOK 
 
 CASH 
 
 
 
 F 
 
 AGE 3 
 
 
 
 ig 
 
 Expense for expert work ------ 
 
 150 
 
 
 
 
 
 
 21 
 
 Furniture and Fixture ------ 
 
 75 
 
 
 
 
 
 
 22 
 
 People's Gas Co., deposit for gas meter 
 
 25 
 
 
 
 
 
 
 15 
 
 Mdse. raw material 
 
 "345 
 
 
 
 
 
 
 15 
 
 44 44 ( ..._._. 
 
 1 1 200 
 
 
 
 
 
 
 I I 
 
 Dividend No. i, H. B. Burton - - - - 
 
 I ceo 
 
 
 
 
 
 
 I I 
 
 " " W. Clark 
 
 500 
 
 
 
 _ 
 
 
 
 II 
 
 " " " W. W. Ely - - - 
 
 600 
 
 
 
 
 
 
 J J 
 
 jj 44 * * A T-4 r^rrr\L" 
 
 T 
 
 
 
 
 
 
 I I 
 
 " " " G. E. Daley - - - - 
 
 100 
 
 
 
 
 
 
 19 
 
 Expense, repairs of stoje ------ 
 
 13 
 
 80 
 
 
 
 
 
 21 
 
 Furniture and Fixtures, I 2O-foot counter 
 
 63 
 
 5 
 
 
 
 
 
 21 
 
 " ** " YI doz. antique organ stools 
 
 21 
 
 75 
 
 
 
 
 
 21 
 
 ** ** ** I show case - - - - 
 
 35 
 
 
 
 
 
 
 12 
 
 Dividend No. 2, H. B. Burton - 
 
 !55 
 
 
 
 
 
 
 
 44 44 AJIT Pl-arlf 
 
 
 
 
 
 
 
 1 J 
 
 
 500 
 
 
 
 
 
 
 12 
 
 " * " W. W. Ely - - 
 
 600 
 
 
 
 
 
 
 12 
 
 " " " S. L. Osborn - ... 
 
 50 
 
 
 
 
 
 
 12 
 
 " .4 44 54^ v . Taylor - - - - 
 
 25 
 
 
 
 
 
 
 
 1st Trial Bal. 
 
 28419 
 
 05 
 
 
 
 
 
 17 
 
 A. G. Davis 
 
 15853 
 
 2 5 
 
 
 
 
 
 18 
 
 J. B. Loom is -------- 
 
 II744 
 
 IO 
 
 
 
 
 
 16 
 
 Hills Payable 
 
 27225 
 
 5 
 
 
 
 
 
 4 
 
 H. B. Burton 
 
 5589 
 
 22 
 
 
 
 
 
 5 
 
 W. Clark - 
 
 1068 
 
 6 4 
 
 
 
 
 
 6 
 
 W. W. Ely 
 
 1603 
 
 14 
 
 
 
 
 
 2 3 
 
 Interest and Discount 
 
 68 
 
 06 
 
 
 
 
 
 
 2d ami 3d Trial Bal. 
 
 91570 
 
 96 
 
 
 
 
 
 9 
 
 Capital Stock, H. B. Burton - 
 
 28123 
 
 2O 
 
 
 
 
 
 9 
 
 W. Clark 
 
 9072 
 
 
 
 
 
 
 9 
 
 W. W. Ely 
 
 10886 
 
 40 
 
 
 
 
 
 9 
 
 A. B. Crook 
 
 1587 
 
 60 
 
 
 
 
 
 9 
 
 G. E. Daley 
 
 II424 
 
 
 
 
 
 
 9 
 
 S. L. Osborn 
 
 432 
 
 60 
 
 
 
 
 
 
 9 
 
 '" N. V. Taylor 
 
 453 
 
 60 
 
 153550 
 
 86 
 
 
 
 
 REMARK. The above distribution of the pres- 
 
 
 
 
 
 
 
 
 ent worth is effected upon the basis of allow- 
 
 
 
 
 
 
 
 
 ing each stockholder credit for all that he 
 
 
 
 
 
 
 
 
 has paid into the business including his as- 
 
 
 
 
 
 
 
 
 sessments. 
 
 
 
 
 
 
 
 
 This would be an equitable settlement, but 
 
 
 
 
 
 
 
 
 other methods of liquidation might be pro- 
 
 
 
 
 
 
 
 
 vided by the by-laws or adopted by the 
 
 
 
 
 
 
 
 
 directors, commissioners, or other authority 
 
 
 
 
 
 
 
 
 that winds up the affairs of the company. 
 
 
 
 
 
 
 
 
 In the settlement here given, the total credits of 
 
 
 
 
 
 
 
 
 the stockholders, as shown by the Stock 
 
 
 
 
 
 
 
 
 Ledger, amount to $67,650. To this sum is 
 
 
 
 
 
 
 
 
 added the total amount of Assessment No. I, 
 
 
 
 
 
 
 
 
 $6,135, making $73,785, total amount paid in. 
 
 
 
 
 
 
 
 
 Dividing the present worth of the company, 
 
 
 
 
 
 
 
 
 $61,979.40 by this sum gives 84. Hence, each 
 
 
 
 
 
 
 
 
 stockholder receives 84 cents on the dollar for 
 
 
 
 
 
 
 
 
 that he has contributed to the company. 
 
 / 1 r\r\ 
 
 
 
 
 
1ERICAN CLOCK CO. 
 STOCK LEDGER 
 
 H. B. BURTON 
 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Cer. 
 No. 
 
 of 
 
 c 
 5 6 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED 
 AND OTHER EXPLANATIONS 
 
 H . 
 
 3 
 w 
 
 3 
 
 w 
 ft 
 
 
 
 
 HZ 
 
 
 
 
 p 
 
 u 
 
 
 
 I 
 
 
 
 310 
 
 
 For 310 shares of $100 each 
 
 31000 
 
 
 
 
 
 
 
 
 
 Payment in full for above stock 
 
 
 31000 
 
 W. CLARK 
 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Cer. 
 
 No. 
 
 Id 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED 
 AND OTHER EXPLANATIONS 
 
 H 
 
 3 
 a 
 
 Q 
 W 
 
 06 
 
 
 
 
 HZ 
 
 
 
 
 Q 
 
 U 
 
 
 
 , 
 
 
 
 IOO 
 
 
 For 100 shares of $100 each 
 
 IOOOO 
 
 
 
 
 
 
 
 
 
 Payment in full for above stock 
 
 
 IOOOO 
 
 W. W. ELY 
 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Cer. 
 No. 
 
 c 
 2 d 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED . 
 AND OTHER EXPLANATIONS 
 
 H 
 
 3 
 
 Q 
 
 & 
 
 
 
 
 HZ 
 
 
 
 
 Q 
 
 U 
 
 
 
 I 
 
 
 
 1 2O 
 
 
 For 1 20 shares of $100 each 
 
 12000 
 
 
 
 
 
 
 
 
 
 Payment in full for above stock 
 
 
 I2OOO 
 
 A. B. CROOK 
 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 
 Cer. 
 
 c 
 
 No. of 
 Shares 
 
 No. of 
 Shares 
 
 TO WHOM TRANSFERRED 
 
 H 
 
 3 
 
 5 
 W 
 
 
 Folio 
 
 No. 
 
 2 e 
 
 Issued 
 
 Trans. 
 
 AND OTHER EXPLANATIONS 
 
 
 P4 
 
 
 
 
 H Z 
 
 
 
 
 Q 
 
 
 
 
 I 
 
 
 
 30 
 
 
 For 30 shares of $100 each 
 
 3OOO 
 
 
 
 
 
 
 
 
 
 Cr. for \o>% on above stock 
 
 
 300 
 
 
 
 
 
 
 
 
 Cr. for Div. No. 2 of 5 % 
 
 
 
 
 
 
 
 
 
 
 Cr. by Mdse per Inv. 
 
 
 1200 
 
 G. E. DALEY 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Cer. 
 
 No. 
 
 i 
 
 S o 
 
 HZ 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED 
 AND OTHER EXPLANATIONS 
 
 DEBIT 
 
 XKT3HJ 
 
 
 
 I 
 
 
 
 200 
 
 
 For 200 shares of $100 each 
 
 20000 
 
 
 
 
 
 
 
 
 Cr. 10% on above stock 
 
 
 2000 
 
 
 
 
 
 
 
 
 Cr. for Div. No. 2 of 5 % 
 
 
 IOOO 
 
 
 
 
 
 
 
 
 Cr. by his note at 30 days 
 
 
 9OOO 
 
 (109) 
 
S. L- OSBORN 
 
 AMERICAN CLOCK CO. 
 
 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Ccr. 
 
 No. 
 
 c 
 2 o 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED 
 AND OTHER EXPLANATIONS 
 
 M 
 
 S 
 w 
 
 Q 
 W 
 K 
 
 
 
 
 HZ 
 
 
 
 
 Q 
 
 U 
 
 
 
 
 
 
 
 
 
 Paid 
 
 
 
 
 
 
 
 5 
 
 
 For 5 shares of preferred stock 
 
 
 
 
 
 
 
 
 
 
 at 10% 
 
 500 
 
 
 N. V. TAYLOR 
 
 
 
 
 
 
 
 
 H 
 
 DATE 
 
 Stock 
 Journal 
 Folio 
 
 Cer. 
 
 No. 
 
 ui 
 
 a 
 2 o 
 
 No. of 
 Shares 
 Issued 
 
 No. of 
 Shares 
 Trans. 
 
 TO WHOM TRANSFERRED 
 AND OTHER EXPLANATIONS 
 
 H 
 
 n 
 
 w 
 
 S 
 
 X 
 
 
 
 
 HZ 
 
 
 
 
 Q 
 
 u 
 
 
 
 
 
 
 
 
 
 Paid 
 
 
 
 
 
 
 
 5 
 
 
 For 5 shares of $100 each 
 
 500 
 
 
 (110) 
 
AMERICAN CLOCK CO. 
 DIVIDEND RECEIPT BOOK 
 
 Z$o<>4 
 
 DIVIDEND No. i OF 5^, DECLARED.. 
 
 Check 
 
 No. 
 
 NAMES OF STOCKHOLDERS- 
 
 No. of 
 Shares 
 
 Am't of 
 Dividend 
 
 Date of 
 
 Payment 
 
 SIGNATURES OF STOCKHOLDERS 
 
 
 H. B. Burton 
 
 310 
 
 1550 
 
 
 
 
 
 
 W. Clark 
 
 100 
 
 500 
 
 
 
 
 
 
 W. W. Ely 
 
 120 
 
 6OO 
 
 
 
 
 
 
 A. B. Crook 
 
 30 
 
 15 
 
 
 
 
 
 
 G. E. Daley 
 
 2OO 
 
 ICO 
 
 
 
 
 
 10 PER CENT ON PREFERRED STOCK 
 DIVIDEND No. 2 OF 5%, DECLARED 19 
 
 3heck 
 No. 
 
 NAMES OF STOCKHOLDERS 
 
 No. of 
 Shares 
 
 Am't of 
 Dividend 
 
 Date of 
 
 Payment 
 
 SIGNATURES OF STOCKHOLDERS 
 
 
 H. B. Burton 
 
 310 
 
 1550 
 
 
 
 
 
 
 W. Clark 
 
 100 
 
 500 
 
 
 
 
 
 
 W. W. Ely 
 
 120 
 
 600 
 
 
 
 
 
 
 A. B. Crook 
 
 30 
 
 ISO 
 
 
 
 
 
 
 G. E. Daley 
 
 2OO 
 
 IOCO 
 
 
 
 
 
 
 S. L. Osbora 
 
 5 
 
 50 
 
 
 
 
 
 
 N. V. Taylor 
 
 5 
 
 25 
 
 
 
 
 

 LED 
 
 GER 
 
 IN 
 
 . V. 
 
 I AYLO 
 
 t< 
 
 
 
 PA 
 
 C E t 
 
 = 
 
 = 
 
 1st Trial Bal. J I 
 
 8661 
 
 25 
 
 _ 
 
 
 
 
 = 
 
 866l 
 
 25 
 
 M. J. QUINN 
 
 
 
 
 1st Trial Bal. 
 
 j J 
 
 10376 
 
 
 141 N 
 
 10376 
 
 
 
 -| 
 
 
 
 BILLS RECEIVABLE PAGE3 
 
 PAG 
 
 E 4 
 
 lt Trial Bal. 
 
 2 
 
 4395 
 9000 
 
 13395 
 
 1 
 
 3URTC 
 
 )N 
 
 
 C2 
 
 13395 
 
 25 
 
 13395 
 
 H. 
 
 ^ 
 
 B. 1 
 
 13395 
 
 _25 
 
 ssasss 
 
 
 
 
 Si 
 
 55 8 9 22 
 
 ==: 
 
 
 
 1st Trial Bal. 
 
 M 
 
 5589 
 
 22 
 
 W. CLARK 
 
 ===== 
 
 
 
 
 
 
 1068 64 
 
 = 
 
 
 1st Trial Bal. J I 
 
 1068 
 
 64 
 
 1 
 
 
 W. W. ELY 
 
 
 = 
 
 Hi6o 3 
 ^ 
 
 H 
 (1 
 
 12) 
 
 
 
 1st Trial Bal. J I 
 
 1 = 
 
 l603 
 
 14 
 
 ~" 
 
N CLOCK CO. 
 -EDGER 
 
 CHATTELS 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 
 
 lBt.23 andJdT.P. 
 
 J J 
 
 495 
 
 
 
 
 2d and 8dT.fi. 
 
 C2 
 
 45 
 
 
 
 
 
 
 
 
 
 
 Loss 
 
 J 4 
 
 45 
 
 
 
 
 
 
 
 _49JL 
 
 
 
 
 
 
 
 ^_495_ 
 
 
 
 PAGE 8 
 
 Me 
 
 >RTGAGES 
 
 m 
 
 RECEIVABLE 
 
 -r- 
 
 1st Trial Bal. 
 
 J_i 
 
 
 1075 
 
 75 
 
 = 
 
 = 
 
 N 
 
 10750 75 
 
 CAPITAL STOCK 
 
 
 
 3d Trial Bal. 
 
 J 3 
 
 18990 
 
 
 
 
 
 J I 
 
 80000 
 
 
 
 
 
 4 
 
 5 l6 5 
 
 60 
 
 
 
 
 3 
 
 6135 
 
 
 
 
 H. B. Burton 
 
 C 3 
 
 28123 
 
 20 
 
 
 
 1st, 2d, and3dT.fi. 
 
 
 86135 
 
 
 
 
 W. Clark 
 
 3 
 
 9072 
 
 
 
 
 
 
 
 
 
 
 W. W. Ely 
 
 3 
 
 10886 
 
 40 
 
 
 
 
 
 
 
 
 
 A. B. Crook 
 
 3 
 
 1587 
 
 60 
 
 
 
 
 
 
 
 
 
 G. E. Daley 
 
 3 
 
 11424 
 
 
 
 
 
 
 
 
 
 
 S. L. Osborn 
 
 3 
 
 453 
 
 60 
 
 
 
 
 
 
 
 
 
 N. V. Taylor 
 
 3 
 
 432 
 
 60 
 
 
 
 
 
 
 
 
 
 
 
 86135 
 
 00 
 
 
 
 
 
 86135 
 
 
 PAGI 
 
 E 1O 
 
 STC 
 
 )CK 
 
 PREIV 
 
 HUM 
 
 AND 
 
 Dl 
 
 SCOUNT 
 
 
 
 
 
 
 "Gain 
 
 J I 
 
 IOO 
 
 
 
 
 1st, 2d, and3dT.fi. J I 
 
 Loss 1 4 
 
 25 
 
 75 
 
 
 DIVIDEND No. i 
 
 
 H. B. Burton 
 
 C 3 
 
 155 
 
 
 
 
 
 W. Clark 
 
 3 
 
 500 
 
 
 
 
 
 W. W. Ely 
 
 3 
 
 600 
 
 
 
 
 
 A. B. Crook 
 
 3 
 
 15 
 
 
 
 
 
 G. E. Daley 
 
 3 
 
 IOO 
 
 
 
 
 
 lstand2dT. B. 
 
 
 2765 
 
 
 
 
 = 
 
 
 = 
 
 2765 
 
 
 = 
 
 = 
 
 J 3 
 
 2765 
 
 2765 
 
 
 
 (113) 
 
DIVIDEND No. 2 
 
 AMERICAN CLOCK CO. 
 LEDGER 
 
 
 H. B. Burton 
 
 C3 
 
 155 
 
 
 W. Clark 
 
 3 
 
 500 
 
 
 W. W. Ely 
 
 T 3 
 
 600 
 
 
 A. B. Crook 
 
 J 2 
 
 15 
 
 
 G. E. Daley 
 
 2 
 
 1000 
 
 
 S. L. Osborn 
 
 3 
 
 50 
 
 
 N. V. Taylor 
 IgtT.B.andZdT. B. 
 
 C3 
 
 3875 
 
 = 
 
 
 = 
 
 3875 
 
 ~~ 
 
 13 
 
 3875 
 
 3875 
 
 SUBSCRIPTION 
 
 
 
 1st and 2d T. fi. 
 
 J I 
 
 I 
 I 
 
 76000 
 500 
 500 
 
 77000 
 
 
 77000 
 
 = 
 
 1st and 3d T. B. 
 
 J I 
 
 53000 
 
 I 
 
 IOO 
 
 C 2 
 
 300 
 
 J I 
 
 500 
 
 C 2 
 
 2000 
 
 2 
 
 400 
 
 J 2 
 
 1150 
 
 2 
 
 I2OO 
 
 2 
 
 QOOO 
 
 
 67650 
 
 3 
 
 9350 
 
 
 77ooo_ 
 
 
 
 TREASURY STOCK 
 
 
 
 lstand'2dT. B. 
 
 J I 
 
 4000 
 
 
 
 
 
 J I 
 
 500 
 
 
 
 
 
 
 
 
 
 
 
 I 
 
 500 
 
 
 
 
 
 
 
 
 
 
 litand2dT. B. 
 
 
 1000 
 
 
 
 
 
 
 
 
 
 
 
 3 
 
 3000 
 
 
 = 
 
 
 
 = 
 
 4000 
 
 == 
 
 
 = 
 
 = 
 
 
 
 
 4000 
 
 
 
 
 
 
 MERCHANDISE 
 
 
 
 
 J I 
 
 60585 
 
 75 
 
 
 
 
 C 2 
 
 13290 
 
 
 
 
 
 I 
 
 525 
 
 
 
 
 
 2 
 
 12565 
 
 80 
 
 
 
 
 C 3 
 
 "345 
 
 
 
 
 1st Trial Bal 
 
 
 25855 
 
 80 
 
 
 
 
 3 
 
 II2OO 
 
 
 
 
 
 2 
 
 54206 
 
 4 6 
 
 
 
 1st, 2d,and3dT. B. 
 
 J 2 
 
 1200 
 
 S4855 
 
 75 
 
 
 
 3d and 3d T. B. 
 
 Loss 
 
 J 4 
 
 80062 
 
 4793 
 
 26 
 
 49 
 
 = 
 
 = 
 
 
 = 
 
 84855 
 
 11 
 
 
 
 
 
 
 
 84855 
 
 75, 
 
 (114) 
 
BILLS PAYABLE 
 
 AMERICAN CLOCK CO 
 LEDGER 
 
 
 = 
 
 
 C3 
 
 27225 
 
 5 
 
 DAVI 
 
 
 1st Trial Bal. 
 
 I 
 
 C 2 
 
 24225 
 3000 
 
 27225 
 
 50 
 
 50 
 
 27225 
 A. 
 
 50 
 
 27225 
 
 
 
 17 
 
 
 G. 
 
 s 
 
 PAGE 
 
 PAGE 
 
 : is 
 
 
 ^1 
 
 15853 
 J- 
 
 .!L 
 B. 
 
 LOOM 
 
 [S 
 
 1st Trial Bal. 
 
 s 
 
 15853 
 
 1 
 
 = 
 
 
 
 = 
 
 11744 
 
 J^J 
 
 
 1st Tri.-.l Bal. J I 
 
 "744 
 
 PAGE 
 
 IO 
 
 
 III 
 EXPENSE 
 
 
 19 
 
 PAGE 
 
 
 
 20 
 
 lit, 2d, and 3d T. B. 
 
 C 3 
 J 3 
 
 15-0 
 
 i3_ 
 
 80 
 
 ^ 
 
 STT N( 
 
 D. 
 
 Loss 
 
 [ 
 
 H. B. Burton 
 W. Clark 
 W. W. Ely 
 A. B. Crook 
 G. E. Daley 
 S. I,. Osborn 
 N. V. Taylor 
 
 1st and 2d T. B. 
 
 J 4 
 
 Ca 
 
 2 
 2 
 2 
 2 
 2 
 2 
 
 'l63 
 
 80 
 
 85" 
 
 163 
 
 2480 
 800 
 960 
 24O 
 1600 
 
 15 
 40 
 
 ASSES 
 6135 
 
 SME] 
 
 ===. 
 
 
 
 
 6135 
 
 
 6135 
 
 - 
 
 
 1 
 
 (115) 
 
LEDGER PAGE 21 
 
 
 
 
 C.3 
 
 75 
 
 
 
 
 2d T. B. and 3d T. B. 
 
 J 2 
 
 J 75 
 
 
 
 
 
 3 
 
 63 
 
 50 
 
 
 
 Loss 
 
 4 
 
 20 
 
 ^5 
 
 
 
 
 3 
 
 21 
 
 
 
 
 
 
 
 
 
 
 
 3 
 
 35 
 
 75 
 
 
 
 
 
 
 
 
 
 1st, 2d, and 3d T. B. 
 
 
 *95 
 
 25 
 
 
 
 
 
 1 9S 
 
 25 
 
 
 
 
 ~~ 
 
 
 
 
 
 
 " L 
 
 PEOPLE'S GAS Co. 
 
 
 
 
 1st Trial Bal. 
 
 C3 
 
 25 
 
 
 
 
 _ 
 
 
 C2 
 
 2 5 
 
 _ 
 
 
 
 
 
 INTEREST AND DISCOUNT 
 
 
 
 3d T. B. 
 
 C 3 
 
 68 |o6 
 
 
 
 Loss 
 
 J 4 
 
 68 
 
 06 
 
 
 
 
 
 1" 
 
 
 
 
 
 
 ~~~" 
 
 Loss AND GAIN 
 
 , 
 
 
 
 
 J_4 
 
 5^5 60 
 
 
 
 
 
 M 
 
 5165 
 
 60 
 
 (116) 
 
Balance Sheet of W. I. Tobin 
 
 
 
 
 Bills Rec. 
 
 J 375 
 
 
 
 G. A. Cooley 
 
 1383 
 
 
 
 J. D. Denney 
 Bills Pay. 
 
 M75 
 
 
 500 
 
 W. I. Tobin 
 
 
 
 3733 
 
 Entry closing old books of each proprietor 
 
 
 
 
 (See page 184, Guide) 
 
 " 
 
 Entry to Close the old Books of R. A. Welch 
 
 
 Welch, McRae & Co. 
 
 I 1000 
 
 
 
 Cash 
 
 
 
 1500 
 
 Bills Rec. 
 
 
 
 20OO 
 
 J. W. Minor 
 
 
 
 2500 
 
 D. M. Hull 
 
 
 
 5OOO 
 
 Bills Pay. 
 
 700 
 
 
 
 J. W. Arthur 
 
 i 700 
 
 
 
 R. A. Welch 
 
 8600 
 
 
 
 Welch, McRae & Co. 
 
 
 
 I IOOO 
 
 Entry to Close the old Books of R. McRae 
 
 
 
 
 Welch, McRae & Co. 
 
 2250 
 
 
 
 Cash 
 
 
 
 ' IOOO 
 
 Bills Rec. 
 
 
 
 1250 
 
 R. McRae 
 
 2250 
 
 
 
 Welch, McRae & Co. 
 
 
 
 2250 
 
 Entry to Close the old Books of W. I. Tobin 
 
 
 
 
 Welch, McRae & Co. 
 
 4233 
 
 
 
 Bills Rec. 
 
 
 
 J 375 
 
 G. G. Cooley 
 
 
 
 1383 
 
 J. W. Denney 
 W. I. Tobin 
 
 3733 
 
 
 1475 
 
 Dills Pay. 
 Welch, McRae & Co. 
 
 500 
 
 
 4233 
 
 Entry to Open the New Books for the Part- 
 
 
 
 
 nership of Welch, McRae & Co. 
 
 
 
 
 Cash 
 
 2500 
 
 
 
 Bills Rec. 
 
 4625 
 
 
 
 J. W. Minor 
 
 2500 
 
 
 
 D. M. Hull 
 
 5000 
 
 
 
 G. H. Cooley 
 
 1383 
 
 
 
 J. W. Denney 
 Bills Pay. 
 
 J 475 
 
 
 1 200 
 
 J. W. Arthur 
 
 
 
 i 700 
 
 R. A. Welch, Partner 
 
 
 
 8600 
 
 R. McRae 
 
 
 
 2250 
 
 W. I. Tobin 
 
 
 
 * * J 
 
 3733 
 
 [117] 
 

 
 
 Opening entry for the problem following 
 
 
 
 
 
 
 
 transaction 613 
 
 
 
 
 
 
 
 As in other like problems, many forms of 
 
 
 
 
 
 
 
 Opening Entry may be given for this prob- 
 lem. In such cases, in making application 
 
 
 
 
 
 
 
 for a Charter, it is well to have the old 
 
 
 
 
 
 
 
 books conform to the representations of the 
 
 
 
 
 
 
 
 incorporators. The ^corporators should 
 
 
 
 
 
 
 
 be prepared to show that profits of the old 
 
 
 
 
 
 
 company for a period of years ( usually five, 
 see page 242, Guide) have been sufficient 
 
 
 
 
 
 
 
 to warrant the entry of Goodwill at the 
 
 
 
 
 
 
 
 amount named, and that their old b^oks 
 
 
 
 
 
 
 
 show such entry; then the entries required 
 
 
 
 
 
 
 
 to sustain this representation and to close 
 
 
 
 
 
 
 
 the books of the partnership should be 
 
 
 
 
 
 
 
 made, in the old Journal, as follows: 
 
 
 
 
 
 
 
 Subscription 
 
 IOOOOO 
 
 
 
 
 
 
 Stock (of Partnership) 
 
 
 
 50000 
 
 
 
 
 Goodwill (of Partnership) 
 
 
 
 50000 
 
 
 
 
 Stock (of Partnership) 
 
 50000 
 
 
 
 
 
 
 Goodwill (of Paitnership) 
 
 50000 
 
 
 
 
 
 
 Subscription 
 
 
 
 IOOOOO 
 
 
 
 
 Or, without attempting to show any history 
 
 
 
 
 
 
 
 or makeup of the assets of the partnership, 
 
 
 
 
 
 
 
 but assuming that the assets are taken by 
 
 
 
 
 
 
 
 the corporation at 50c on the dollar, the 
 
 
 
 
 
 
 
 opening entries on the corporation books 
 
 
 
 
 
 
 
 may be as follows: 
 
 
 
 
 
 
 
 Subscribed Stock (see Stock Books) 
 
 IOOOOO 
 
 
 
 
 
 
 Unsubscribed Stock or Treasury Stock 
 
 IOOOOO 
 
 
 
 
 
 
 Capital Stock 
 
 
 
 2OOOOO 
 
 
 
 
 Or, to show on the corporation books the 
 
 
 
 
 
 
 
 makeup of the assets of the partnership 
 
 
 
 
 
 
 
 taken over by the corporation, the entry 
 
 
 
 
 
 
 
 might be as follows: 
 
 
 
 
 
 
 
 Stock (of Partnership) 
 
 50000 
 
 
 
 
 
 
 Goodwill (of Partnership) 
 
 50000 
 
 
 
 
 
 Treasury Stock 
 
 I OOOOO 
 
 
 
 
 
 
 
 Capital Stock 
 
 
 
 200OOO 
 
 [118] 
 

 
 
 Opening entry for the problem following 
 
 
 
 
 
 
 
 transaction 81 
 
 
 
 
 
 
 
 Cash 
 
 2679 
 
 83 
 
 
 
 
 
 C. C. Scott 
 
 J 995 
 
 56 
 
 
 
 
 
 B. C. Curtis 
 
 2144 
 
 41 
 
 
 
 
 D. F. Piper 
 
 1142 
 
 26 
 
 
 
 
 
 A. F. Ranger 
 
 257 
 
 5 
 
 
 
 
 
 D. M. Spaulding 
 W. G. Evans 
 
 
 
 557 
 
 10 
 
 29 
 
 
 
 W. V. Parker 
 
 
 
 54 
 
 90 
 
 
 
 L. E. Halbert 
 
 
 
 448 
 
 87 
 
 
 
 
 John Doe 
 
 
 
 5352 
 
 95 
 
 
 
 
 Opening entry for the problem following 
 
 
 
 
 
 
 
 transaction 121 
 
 
 
 
 
 
 Cash 6739 
 
 28 
 
 
 
 
 
 J A. Alexander & Co. 199^ 
 
 58 
 
 
 
 
 
 
 Pitcher & Co. 
 
 4144 
 
 95 
 
 
 
 
 
 
 Sherman Smyser 
 
 2124 
 
 46 
 
 
 
 
 
 
 D. A. Burgett & Co. 
 
 3342 
 
 26 
 
 
 
 
 
 
 W. A. Smyser 
 
 557 
 
 5 
 
 
 
 
 
 
 D. A. Forsyth 
 
 557 
 
 10 
 
 
 
 
 
 
 \V. A. Bridges 
 
 J 355 
 
 59 
 
 
 
 
 
 
 Bills Payable 
 
 
 
 4220 
 
 
 
 
 
 A. M. Ragsdale 
 
 
 
 2125 
 
 
 
 
 
 L. C. Wilkes 
 
 
 
 226 
 
 50 
 
 
 
 
 Oris Eaton 
 
 
 
 1623 
 
 15 
 
 
 
 
 D. M. Foster 
 
 
 
 1012 
 
 14 
 
 
 
 
 H. B. Burton, Stock 
 
 
 
 II509 
 
 48 
 
 
 
 
 Opening entry for the problem following 
 
 
 
 
 
 
 
 
 transaction 245 
 
 
 
 
 
 
 
 The following is a good form for the opening 
 
 
 
 
 
 
 
 entry under the conditions named 
 
 
 
 
 
 
 
 
 Balance Sheet of R. A. Welch 
 
 
 
 
 
 
 
 
 Assets Liabilities 
 
 
 
 
 
 
 
 
 Cash 
 
 1500 
 
 
 
 
 
 
 
 Bills Rec. 
 
 20OO 
 
 
 
 
 
 
 
 J W. Minor 
 D. M. Hull 
 
 2500 
 5OOO 
 
 
 
 
 
 
 
 Bills Payable 
 
 
 
 700 
 
 
 
 
 
 J. W. Arthur 
 R. A. Welch 
 
 
 
 I 700 
 8600 
 
 
 
 
 
 Balance Sheet of R. McRae 
 
 
 
 
 
 
 
 
 Cash 
 
 IOOO 
 
 
 
 
 
 
 
 Bills Rec. 
 
 I25O 
 
 
 
 
 
 
 
 R. McRae 
 
 
 
 2250 
 
 
 [119] 
 
Accommodation Notes, Increasing Capital by 24 
 
 American Merchandise Company 7 
 
 Antedating and Postdating 25 
 
 Auditing Office 13 
 
 Balance Sheet W. I. Tobin 117 
 
 Bank, The Merchants 
 
 Banks, Other 7 
 
 Blank Books, Use of 18 
 
 Branch Houses 20 
 
 Business Directions. . . , 3 
 
 Cabinet, The 4 
 
 Cards 4 
 
 Device, How Used 15 
 
 Cards, How Used 15 
 
 Cash Book, Daily Balancing of 20 
 
 Check Figure, Trial Balance, Daily Safeguard 21 
 
 College Produce Company 10 
 
 Collateral Security, Note for 26 
 
 Conditional Transactions 21 
 
 Copying Press 17 
 
 Books, Posting from 17 
 
 Corporations 27 
 
 Daily Balancing of Cash Book 20 
 
 Figure Trial Balance 21 
 
 Reminder 20 
 
 Safeguard Check Figure Trial Balance 21 
 
 Discounting Notes at Bank 22 
 
 Drafts, Time and Sight 24 
 
 Dry Goods Business 25 
 
 Duplicate Invoices.. 28 
 
 Entries, Opening 20 
 
 Entry to Close Old Books of R. A. Welch 117 
 
 to Close Old Books R. McRae 117 
 
 to Close Old Books of W. I. Tobin 117 
 
 Examinations, Purpose of 16 
 
 Examination, Journalizing 43 
 
 First Eighty-one Transactions 17 
 
 First Six Notes, Payment of : 22 
 
 General Merchandise Business 26 
 
 Guide, The Student's 5 
 
 How to Handle the Offices 13 
 
 How to Maintain the Offices 14 
 
 How to Start a New Student 14 
 
 If the Cabinet Cards are Used 15 
 
 If the Cabinet Device is Used 15 
 
 Increasing Capital by Accommodation Notes 24 
 
 Insurance and Taxes 14 
 
 Inventory of Offices 14 
 
 Invoices, Made-Out 27 
 
 Duplicate 28 
 
 Journalizing Examination 43 
 
 Journal, Nine-Column 25 
 
 Sixteen-Column 26 
 
 Keys 17 
 
 Leaving School, Students 28 
 
 Lengthening the Course, or Shortening 18 
 
 Loan by Indorsement 22 
 
 Losses and Gains 18 
 
 Made-Out Invoices 27 
 
 Merchants Bank, The 6 
 
 Merchandise, Returned 23 
 
PAGE 
 
 Modified Voucher Method, The 27 
 
 New Student, How to Start 14 
 
 Nine-Column Journal 25 
 
 Notes for Collateral Security 20 
 
 Notes, Discounting at Bank 22 
 
 Offices, How to Handle 13 
 
 Inventory of ' 14 
 
 How to Maintain 14 
 
 American Merchandise Co 7 
 
 Auditing 13 
 
 College Produce Co 10 
 
 Merchants Bank -. . . . 6 
 
 Other Banks 7 
 
 Post 12 
 
 Real Estate 12 
 
 School 5 
 
 Type Machines In 28 
 
 U. S. Commission Co 9 
 
 Opening Entries 20 
 
 Entry Welch, McRae & Co 117 
 
 Entry Problem following Transaction No. 8 119 
 
 Entry Problem following Transaction No. 121 119 
 
 Entry Problem following Transaction No.' 245 119 
 
 Entry Problem following Transaction No. 613 118 
 
 Organizing a' Quiz. . . 19 
 
 Pavment of First Six Notes 22 
 
 Plan, The 3 
 
 Post-office 12 
 
 . Posting from Copying Books 17 
 
 uiz, Organizing a 19 
 
 ate Sheet 15 
 
 Real Estate 25 
 
 Real Estate Office 12 
 
 Report Book 18 
 
 Returned Merchandise 23 
 
 Returned Check 23 
 
 Review Questions, Use of 19 
 
 School Offices 5 
 
 Settling Days 17 
 
 Shortening or Lengthening the Course 18 
 
 Single Entry '25 
 
 Sixteen-Column Journal : 26 
 
 Shipments -23 
 
 Special Column for Transaction Numbers 28 
 
 Student's Guide, The 5 
 
 Student's leaving School 28 
 
 Student not Limited 20 
 
 Taxes, Insurance and 14 
 
 Tanning Business 26 
 
 Teachers' Training Class ! 28 
 
 Time and Sight Drafts 24 
 
 Training Class, Teachers' 28 
 
 Transaction No. 53 22 
 
 Transaction No. 66 -. . . . 22 
 
 Transaction Numbers, Special Column for 28 
 
 Trial Balance, Daily I^igure 21 
 
 Trial Balance, Daily Safeguard Check Figure 21 
 
 Typemachines in offices 28 
 
 U. S. Commission Company 9 
 
 Use of Blank Books 18 
 
 Use of Review Questions 19 
 
 Voucher Method, The 26 
 
 Voucher Method, The Modified 27 
 
VC 4502; 
 
 UNIVERSITY OF CALIFORNIA LIBRARY