■ Hr\ UC-NRLF lllllllllllllllllllllllllllllllllllllllllllllllllllllll S^2B K'sz B 3 113 fiSS Key to tlie Commission Set: Budget 131 of Rowe's Bookkeeping and Accountancy (Copyright 1911) bv H. M, Rowe, Ph.D, This key is loaned to the teacher and must not be given to others. Return it to the publisher when no longer required 00 o in '^ o >- THE H. M. ROWE CO. BALTIMORE, MD. t.L^.'-:;^T'0' : '^!; EbOv..--M'.^r^ DEF^o • » • ',• I » , Key to the Commission Set Budget 131 of Rowe's Bookkeeping and Accountancy (Copyright 1911) by H. M. Rowe, Ph.D. This key is loaned to the teacher and must not be given to others. Return it to the publisher when no longer required. The first 27 pages give the results for the routine transactions. The results for the supplementary drills begin on page 28. These drills are just as important as the regular transactions and should, under no circumstances, be omitted. Note to Teacher: The only outgoing papers prepared by the student are account sales. They should be called for at each closing, and may be checked with the account sales register shown in the key. THE H. M. ROWE CO. EDUCATIONAL PUBLISHERS B.\LTIMORE, MD. 54r.n)3 ^ MAY 1 - 1 C 1 CASH 1 Cash First Kafl Bankj General Ledger | Date | Explanation Sales Ledger Accts Dr. Or. , Dr.. Cr. Dr. Cr. L .A Dr. Cr. « « e « t t « « • t* • * 10000 Vay 1 Capital Stock : i 1 •c ',2(«00 .« • •• • ■ • ; il 2000 ' ' • • • « « « t « € • ». r • » « • t e « ,15P0' •12^10 15W) 1000 800 < • ••: ; .* ': ; 10000 • ' • • • • • • ••• • • • 10000 • • 177 50 150 75 2 Deposit Furniture t Fixtures 7 65 3 Charges 107' 75 4 G. B. Greer 4 Co. 52 22 • 4 Charges 32 95 6 Bri^t & Co. 14 75 14 75 Freight-In 68 19 Charges 97 90 Proceeds 358 09 6 20 50 52 6 50 1240 7 Jjneriftan Preserving Co. C. W. Stevens & Co. Frolght-ln Charges 365 40 677 40 Cash Sales 1035 49 1035 49 1 Deposit 397 79 6 Proceeds 1101 09 Proceeds 38 35 Charges 5 76 Paclcages P.etumed | American Preserving Co. 5 76 212 50 244 176 140 195 968 2 11 34 17 58 46 67 54 75 22 50 11 22 115 9 Cash sales Proceeds Proceeds Proceeds Proceeds Althouse Fruit Co. Eockel, Woeldike & Co. Charges Freight -In Expenses 499 06 363 43 281 37 84 30 4 20 150 10 11 Koble B. Wiggins Proceeds Charges notes Payable Packages Hetumad L. D. Dozier, Trustee Proceeds 509 4 25 20 353 12 852 18 852 18 45 i ■■' Cash sales Deposit Charges 5 10 5 10 13 Pac>B.ge8 Returned 63 42 Botes Payable 4 75 Charges 111 55 115 Althouse Fruit Co. 3 45 j Purchase Discounts 1202 80 1240 37 20 C. W. Stevens & Co. Purchase Discounts 1 127 15 14 H. T. Gardner 129 75 jl 193 30 63 6 18 08 6 08 111 60 J. E. Daugherty Althouse Fruit Co. Proceeds Packages P.etumed 197 25 128 53 213 388 273 11 94 85 15 Wilson & Williams Proceeds Proceeds Proceeds 131 15 781 75 1235 83 1235 83 65 200 48 70 25 48 25 Cash sales Deposit Expense Expenses Frt., Exp. & Dra. 13123 50 13123 50 13336 00 8178 77 1602 51 11725 77 1342 JZ6_ Balance 5157 23 1 Notoa BeceiTable Dr. Cr. lUY 1 - IS JPUBKAL Interest Dr. Cr. Cbarges Dr. 7 52 66 20 52 38 29 29 43 35 75 64 Frooeads Dr. 97 397 1101 244 176 140 195 45 4 75 283 363 150 281 63 Porcbasesi Dr. 1077 90 27 63 213 388 273 37 30 42 47 75 EjEpenses Gea'l 26 1240 115 968 54 111 60 75 Wareh. 32 65 4151 0.2 3512 89 65 131 228 20 60 95 Sell 13 65 54 35 100 95 Salea Diao. , , Dr. 15 20 15 15 30 35 31 Sales Dr. Or. 10 19 60 95 62 26167 677 212 40 50 353 781 2024 12 75 77 MAY 1 15 EITTRIES POP INVENTORIES AEBCLOSITG. JInJrentory ; ; Porcliases ilay 15 15 StmJirir Resource Inventoriea . '^ General Expense Pacicogea Returned ConaisaloB- 15 Sales General Expense Freight- In Sundry Liability Inventories 15 Packages Returned Purchase Dlacotonts Interest Sales Insurance Commission Freight-In Frt. , Erp. & Dra. Purchases General Expense Warehouse Expense Selling Expense Sales Discounts Reserve for Bad Debts Undivided Profits 15 Purchases Inventory 15 General Expense Paclages Returned Commission Sirndry Resource Inventories 15 Sundry Liability Inventories Sales General Expense Freight-In I I 691 57 81 77 617 4 '50 12 75 2 34 40 65 29 3918 68 94 34 352 33 691 57 32 50 6i 08 43 19 634 25 691 57 32 50 6 08 43|19 45.22 10i55 2956 1 77 200 ! 60 100 95 30135 26 67 56 1 30 981 22 634 25 691 81 57 77 617 4 12 50 75 Sales Boole. 4. H. T. Gardner, 129 75 4. Anerlcan Preserving Co., 365 40 6. Wilson & Williams, 131 15 C. Chandler Eros., 236 25 7. American Preserving Co. , 594 75 7. J. R. Daugherty, 197 25 7. J. W. Dorris, ' 135 00 8. H. T. Gardner, 481 55 8. H. D. Lee Mercantile Co., 618 50 8. L. D. Dozier, Trustee, 388 10 9. Noble B. Wiggins, 509 25 9. Winston Farrington & Co., 1078 26 •9. Bauer Grocer Co. , 287 80 10. J. W. Dorris, 347 50 11. H. T. Gardner 150 07 13. J. W. Dorris 594 50 13. J. P. Daugherty, 220 05 13. Prown Bros. , 414 66 14. Wilson & Williams, 211 80 7091 61 ?-IAY 1-15 o5- TRIAL BALAKCE. HAY 15. 19 HOWABD & TIITOBRS CO. Capital Stock Pamlture 4 Plrfcuroa Frolght-In Packages Returned Althouse Fruit Co. Frt. , Exp. & Dra. HotOB Payable Purcliase DlBOOxmts Interest Sales Ledger Accts. Purchases Charges Proceeds General Expense VTarehouse Expense Selling Expense Sales DisooimtB Sales Insurance Commission Inventory Stmdry Resource Inv. Sundry Liability Inv. Cash 150 45 1055 5629 2956 72 213 200 100 30 26 691 81 5157 Joqcp 15367 -2i34 Ml 213 40 60 42 65 29 90 3918 94 352 634 15367 25 90 ACCOPirr SALES Date May No. 2 3 6 7 1 2 4 5 10 1 5 7 Consignor G. E. Barber & Son John G. Henderson John E. Hall Com. Co. Winona Produce Co. F. B. Phillips G. E. Barber & Son Beaver 4 Carr Barnes Fruit Co. O'Keall 4 Kuhn J. W, Dorrls F. B. Phillips Barnes Fruit Co. Winona Prod. Co. Purchases Dr. 135 135 45 45 Sales Charges Dr. Cr. 133 469 1244 269 203 166 220 444 185 138 235 544 304 4580 70 19 26 31 2 7 17 6 36 13 7 36 4 210 76 34 74 65 65 87 12 45 75 24 60 75 Drayage Cr. 2 8 12 3 2 1 92 37 40 08 48 75 36 68 15 20 60 92 08 70 REGISTER • Insurance Commission Package B Proceeds Personal PAmarlrfl . Cr. Cr. Returned Cr. Cr. Aocts. Cr. 2 67 10 67 97 90 9 40 28 19 397 79 24 90 74 69 1101 09 5 38 16 15 244 17 4 08 12 23 176 58 3 74 14 95 7 20 140 46 4 41 13 23 195 67 8 89 35 54 363 37 6 41 19 24 281 30 2 76 8 33 119 20 J. W. DorrlE. 4 71 14 13 213 11 10 89 43 55 452 36 6 08 18 24 273 85 94 134 309 14 7 20 3937 65 119 20 * ^• MAY 1-15 ■ 'JBADING AM) PROFIT AND LOSS STATSMBITT t Coats. Purchases for porlod, less inventory Freight -In on purchases Warehouse expenses of handling our own and consignment goods Total cost of purchases and trading expenses Gross trading profit carried down Selling expenses on our own and consignnent goods Advertising, entertaining, & sundries Frei^t, express & drayag© General expenses • Rent, salaries, books, stationery & sundries Charge for reserve to provide for possible losses on accouiits receivable Net profit for the period 30 35 10 55 2956 45 100 3102 1238 4541 40 200 56 981 77 22 95 94 08 02 90 60 30 22 1279 02 STATEMEI7T OF RESOURCES AHP LIABILITIES. Resoiirces. Cash in bank Inventory of merchandise Advances on account of consignments Charges Proceeds Accounts receivable (per sales ledger schedule] Less reserve for possible losses 1% Total current resources Sundry resource inventories: General expense a/c (^/2 month's rent paid in advance) Packages returned a/c (orates on hand) Commission a/c (commissions earned on consignment sales, for which accoxint sales have not been rendered) Furniture & Fixtures Total resources 72 35 213 47 5629 65 56 30 32 50 6 08 43 19 5157 691 285 5573 11707 81 150 11940 23 57 82 35 97 77 75 49 MAY 1 - 15 y MAY 15, 19 . HOWARD & WINTERS CO. *" Returns. Gross sales Packages returned CommisslonB on consignraent sales Insurance on consignment sales Less, - Sales discounts on all sales Total returns frora sales and other trading incomes Gross trading profit bro't down Interest on prepayment of drafts Purchase discounts 2 34 352 33 94 34 26 67 3918 68 354 67 67 67 4341 02 4341 02 1238 08 29 40 65 MAY 15, 19 . HOWARD & WINTERS CO. 1279 02 Liabilities. Notes i^yable Accounts payable (per general ledger schedule) Sundry liability inventories: Sales a/c (consignment sales for which account sales have not been rendered) 617 General expense a/c (gas bill unpaid) 4 50 Froight-in a/c (freight bill unpaid) 12 75 Total current liabilities Capital stock issued 10000 Net profits for period (carried to Uiidivided Profits a/c) 981 22 Total liabilities, capital stock, and profits 213 42 111 60 634 25 959 27 10981 22 11940 49 ^ MAY 16 - 31 CASH 1 Cash Dr. Cr. First Kafl Ban] Dr. Cr. General Ledger Dr. Cr. Date Explanation Sales Ledger Acct'i Dr. Cr. 1 ' ^ 5157 23 1118 94 Kay 16 Proceeds 616 34 27 10 92 50 American Preserving Co. Charges Charges 628 24 282 04 17 Bauor Grocer Co. 287 80 11 40 257 92 Chandler Bros. Proceeds 236 25 376 14 18 L. D. Dozier, Trustee H. T. Gardner 383 163 90 15 182 49 H. T. Gardner 318 40 3068 58 F. X. Burton 4 Co. 3131 20 606 13 2856 02 20 H. D. Lee Mercantile Co. Proceeds 618 50 936 26 21 J. W. Dorris 957 80 100 102 61 H. T. Gardner Charges American Preserving Co. 102 4 04 50 1067 48 22 Winston Farrington 4 Co. 1078 26 7 25 7 25 Charges 246 66 7500 77 7500 77 74 36 74 36 1139 23 Cash sales Deiwslt Alt house Fruit Co. Freight-In 18 45 16 63 42 63 42 J. K. Daugherty Charges H. T. Gardner Notes Payable 220 3 05 00 406 39 220 50 223 114 232 87 75 85 5 50 24 25 27 Brown Bros. Warehouse Expense Proceeds Charges Proceeds Notes Receivable 414 68 532 02 956 86 956 86 Cash sales Deposit 149 11 163 126 197 45 52 40 149 70 150 28 29 American Preserving Co. Notes Payable Notes Receivable Notes Receivable Notes Receivable 153 05 496 43 645 54 645 54 147 581 1192 2432 23 194 42 96 42 40 ' 30 37 74 62 42 62 31 Cash sales Proceeds Proceeds Proceeds Proceeds Proceeds Deposit Expenses Frt., Exp. & Dra. 91C3 17 9103 17 14968 27 9865 67 330 40 1151 75 1 8700 82 Balance 5102 60 Kotes F.eceiTabla Dr. Cr. 223 164 127 25 196 75 712 03 223 164 127 196 712 25 60 43 75 03 I-LVY 16 - 31 JOURNAL Interest Dr. C 64 2 75 44 12 Charge 3 Dr. 19 13 27 10 102 61 30 64 99 16 5 114 277 Proceeds Dr. 1118 257 2656 28 94 52 02 Frohs Dr. 225 232 147 581 1192 2432 23 9070 66 16 1139 1139 Expense a Gen' 11 Tareh. 136 136 14 14 Sell Sales Disc Dr. 11 90 52 52 9 62 12 21 2 76 73 76 63 62 37 54 04 10 15 15 45 45 78 40 29 94 165 76 Sales Dr. Cr. 50 00 246 66 50 532 496 1275 02 43 11 /o VJCi 16 - 31 EUTR1E3 i'DR INV^NTOP.iEa AKU CLOSIHG. Hay 15 Inventory 488 50 Purchases 488 50 15 Packages Returned 5 32 Interest 2 55 Sales 3150 31 Insurance 238 98 Commission 634 35 Freight-In 61 61 Prt. , Ezp. & Dra. 14 48 Purchases 2962 07 General Expense 164 14 Warehouse Expense 46 65 Selling Expense 6 45 Sales Discounts 165 76 Reserve for Depreciation 15 08 Undivided Profits 595 27 15 Purchases 488 50 Inventory 488 50 SALES BOOK 17. Chandler Bros., 183 60 18. F. X. B^irton & Co., 3131 20 20. American Preserving Co., 196 60 21. Cnandler Bros., 311 00 22. H. T. Gardner, G2 40 22. K. Grace & Co. , 1386 75 25. Bauer Grocer Co., 449 35 27. M. Grace & Co., 3465 73 27. Bauer Grocer Co., 400 25 28. H. D. Lee Here. Co., 1956 35 11593 43 TRIAL BALMCE. MAY 31. 19 . HOTJARD & TnTTTRRS CO. Cash 5102 60 Capital Stock 10000 Furniture tK&r^& fnr depreelatlnn 15 08 Total resources" 5102 488 7156 60 50 62 12747 135 72 67 12883 39 MAY 16 - 31 A3 MAY 31. 19 . HOWABD & WINTERS CO. Returns . Total sales of all goods Less, - consignment sales Less, - rebates and allowances Net returns from otir own sales Packages returned Commission on consignment sales Insurance on consignment sales Less, - sales discounts on all sales Total returns from sales and other trading incomes Gross trading profit carried down Interest 10327 73 7 50 5 32 634 35 238 98 165 76 13485 10335 54 23 3150 639 73 31 67 22 3863 20 3863 2P 792 2 87 55 795 42 ilAY 31. 19 . HOWART) * WINTERS GO. Liabilities. Accoimts payable (per general ledger schedule) Total current liabilities Reserve for bad debts Undivided profits Net profit for period (Undivided Profits a/c) Capital Stock issued Total liabilities, capital stock, & profits 56 30 981 22 595 27 1250 60 1250 1632 ICOOO 60 79 12883 39 JI^ JUIE 1-15 CASH Cash Dr. Cr. First Kat'l Baak Dr. Cr. 5102 125 517 7000 78 78 7643 56 7643 440 1121 225 36 49 70 244 374 1084 93 85 35 3491 68 3491 60 56 68 50 50 37 30 37 25 20 34 29 8000 38 647 53 314 50 50 75 46 General Ledger Dr. Cr. 250 600 250 34 12000 763 147 79 75 95 250 600 7000 416 721 147 4000 763 763 374 95 85 Date June Explanation Undivided Profits Dividend No. 1 Undivided Profits Surplus Dividend Ho. 1 H, T. Gardner Chandler Bros. Capital Stock Deposit General Szpense Althoxise Fruit Co. J. ~k, AmsbauGh & Co. Freight-In Chareos J. W. Dorris Notes Payable Steamboat Creole - Our V^ Notes Payable American Preserving Co. Bauer Grocer Co. American Preserving Co. H. D. Lee Uercantile Co.. Charges U. Grace & Co. Proceeds Proceeds Proceeds C. W. Stevens & Co. Shipt. to Chester & Reynolds Purchases 11. Grace & Co. Freight-In Packages Eetiimed J. E. Dau^erty Bauer Grocer Co. Notes Payable Steamboat Creole Income H. T. Gardner H. T. Gardner Cash sales Deposit Sales Ledger Aoot'a Dr. Cr. 147 95 127 524 9 449 248 1144 253 268 4 400 347 ~32 43 60 75 35 50 38 44 75 60 25 10 50 1U35 24 11135 2416237 64 9381 09 14060 55 15037 88 147 95 3810 £5_ JTJIIE 1-15 JOUFJCAL /^' Rotes Heceirabls Er. Cr. Interest Dr. Cr. Charges Dr " Proceed^ Dr. Prchs. Dr. S^cpenaes Gen'l IVareh. Sell. Sales Discj Dr. Sales Dr. Cr. 250 99 347 598 10 09 49 64 13 29 46 38 97 416 721 647 53 314 763 266 75 75 68 43 1015 66 12170 08 75 75 65 82 8 22 27 99 69 74 01 76 IC 75 32 42 50 25 1084 1084 35 35 /C JT3KE 1 - 15 CASH Cash First Nat'l Bank General Ledger Sales Ledger Acct's Dr. Cr. Dr. Cr. Dr. Cr. Date Explanation Dr. Cr. 1 ^ ' 11135 24 11135 24 16237 fi4 9381 09 14060 55 15037 88 147 95 381C 65 1370 55 111 106 210 60 25 61 111 24 60 50 Jvme 6 10 v., Grace & Co. Altho\ise Fruit Co.- Frt., Exp. & Dra. Proceode J. E. Dan^erty 3465 8 73 10 795 73 H. D. Lee Kercaatlle Co. 811 97 3000 347 248 32 75 44 169 125 232 683 13 741 35 97 90 60 10 60 10 4 13 763 85 60 75 3000 16 250 6 93 90 11 12 Ira Tillis & Co. Frt., Exp. & Dra. J. W. Dorris Charges American Preserving Co- American Preserving Co. Purchase Discounts Proceeds Kotes Receivable Shipt. to Chester £ Eeynolds Proceeds Purchase Discounts Freight-In C. TT. Stevens & Co. 433 18 4 564 85 26 • 22 65 14 Purchase Discounts Wilson & niliaaa 211 8C 1290 64 8 06 il. Grace k Co. Purchase Discounts 1298 25 382 05 937 25 937 25 J. W. Dorris Ira Willis i Co. 391 67 231 48 231 48 15 Shipt. to Chester i Reynolds 2 97 294 37 J. E. Daugherty 303 bO 146 71 116 70 27 90 Wilson i VTillians Frt., Bxp. & Era. 151 7b 1063 50 Cash sales 8285 63 8285 63 Deposit 85 General Expense 19420 87 L9420 87 25413 91 12875 17 15944 00 18573 90 581 13 11022 bb Balance 12538 74 JUKE 1-15 ^7 1 JOUraJA-L J rotes Reeelvablo Dr. Cr. Interest Dr. Cr. ChargBS Dr. Proceeds Dr. Prchs. Dr. Sxpenses Sales Disc Dr. Sales Gen'lJ Wareh^ Sell.] Dr. Cr. 596 2000 09 25C 347 99 10 33 2 4 1 33 09 99 25 3 7 5 13 46 21 66 44 43 35 1015 210 125 232 66 81 90 60 2170 564 690 08 28 2 46 75 75 21 75 11 25 76 69 16 2 10 31 24 62 42 6 25 10 1084 35 211 80 15 9 67 62 297 34 297 34 2 97 2 97 59 63 85 24 97 4 20 6 3 16 04 1063 50 sio-? 23 895 43 44 63 18 77 112 76 1584 97 3424 56 111 96 46 172 15 45 198 176 50 35 2147 85 /^ JUKE 1 - 15 ACCOUNT SALES Date No. Consignor Purchases Dr. Sales Charges Drayage Dr. Cr. Cr. Jtine 5 12 J. C. Lewis Co. 697 97 2 10 5 8 O'Heal & Eohn 56 50 5 13 F. V. Haven & Co.' 342 20 3 42 8 4 Beaver & Carr 243 60 7 62 1 08 11 3 J. G. Henderson 144 65 5 10 2 08 13 6 J. E. Hall Com. Co. 274 30 14 50 5 25 1761 22 27 22 13 93 REGISTER. Insurance Conmission Paclsges Proceeds Personal Cr. Cr. Returned Cr. Cr. Acots. Cr. rtoniai iU3 • 13 96 34 §0 647 01 1 17 3 51 53 82 6 84 17 11 314 83 4 87 14 62 4 60 210 81 2 89 8 68 125 90 5 49 16 46 232 60 35 22 95 28 4 60 1584 97 TRIAL BALAUCE, JU!S: 15. 19 . HOV/ARD & 77INTERS CC ). Capital Stock 17000 Furniture & Fixtxu-es 150 75 Freight-In 57 85 Althouse Fruit Co. 1555 24 J. A. Araebaugh & Co. 721 34 Frt. , Exp. & Dra. 43 32 Kotes Payable 4000 Purchase discounts 54 54 Interest 4 10 Sales Ledger Accta. 3372 62 Purchases 971 Charges 85 56 General Expense 111 98 Warehouse Expense 46 72 Selling Expense 15 45 Sales Discounts 198 76 Sales 1499 12 Insurance 35 22 Conmission 461 76 Inventory 2178 11 Sundry Resource Inventories 903 42 Simdry Liability Inventories 5513 09 Reserve for Bad Debts 56 30 Undivided Profits 726 49 ITotes Receivable 2211 80 Reserve for Depreciation 15 08 Steamboat Creole 12000 Shipt. to Chester & Reynolds 2 05 Ira Willis & Co. 2062 75 Surplus 600 Steamboat Creole Income 591 30 Cash 12538 74 34892 23 34892 23 JOKE 1-15 EHTEIES FOR INVENTOBIES AlTD CLOSING. -^ Inventorj' Purohaaes June 15. T5 Sundry Bea. Inv. Steamboat Creole Inoone Interest Conslsalon SMpt. to Chester 4 Reynolds 15 Coomlaslon Interest Sales Stindry Lia. Inv. 15 Purchase Discounts Sales Insurance Comnlsslon Steamboat Creole Income Frei^t-In Frt. , Exp. & Dra. Interest Purchases General Expense Warehouse Expense Selling Expense Sales Discoxmts Shipt. to Chester 4 Reynolds Undivided Profits Purchases Inventory 15 15 Steamboat Creole income Interest Commission Shipt. to Chester and Reynolds Sundry Re a. Inv. 15 Sundry Lia. Inv. Commission Interest Sales 2178 903 IC 8 5494 54 1499 35 461 591 2178 216 29 376 280 5513 11 42 51 00 58 54 12 22 76 30 11 45 76 99 22 09 2178 216 29 376 280 5513 57 43 4 971 111 46 15 198 2 1190 2176 11 45 76 99 22 09 903 10 8 5494 85 32 10 98 72 45 76 05 71 11 42 51 58 SALES BOOK 1. American Preserving Co., 258 25 3. Brovm Bros., 1117 97 3. J. W. Dorrls, 480 90 3. L. D. Dozier, Trustee, 203 25 4. H. T. Gardner, 347 10 5. J. R. Daugherty, 316 20 5. 77il3on 4 v:iHlams, 151 75 7. American Preserving Co.. 131 10 7. H. T. Gardner, 325 85 7. M. Grace 4 Co., 1567 00 10. Bauer Grocer Co., 460 20 11. Ray 4 Co., S. D. ^/c 388 75 11. R. B. Poe 4 Sons, S. D. Vo. 27 20 11. American Express Co. , C. 0. 5. Foster Bros., 32 40 11. American Express Co., C. 0. D. J. C. Ford 4 Co., 51 40 15. Chandler Bros., 373 60 15. G. E. Hare, S. D. Vc, 424 50 6657 42 ^o JUKE 1-15 TMDING Aim PROFIT AlTD LOSS STATLIIBUTt Costa. Purchases for period, less inventory Freight-In on purchases Warehouse expenses of handling our own and consignment goods Shipt. to Chester & Reynolds (at cost) Less, - Inventory of goods unsold 763 75 280 22 Total cost of purchases and trading expenses Gross trading profit carried down Selling expenses, svindries Freight, express and drayage General expenses, rent, salaries, etc. Interest Net profit for period 15 45 43 32 971 57 46 483 1559 719 2278 58 111 4 1190 1365 85 72 53 10 72 52_ 77 98 10 56 STATEMENT OF HESOURCES AITO LIABILITIES. Reaources. Cash in banic Inventory of merchandiee notes receivable Accounts receivable {per sales ledger schedule) Advancea on account of consignments, - Charges Total current resources Furniture and fixtures Steamboat Creole investment Stmdry resource inventories, - Steamboat Creole Income, ^/s earnings of last trip unijaid Interest accrued on notes receivable Coranission earned on consignment sales, for which account sales have not been rendered, and on purchases for the ac- count of Ira Willis & Co. Shipt. to Chester 4 Reynolds, inventory of goods remaining unsold Total resources 216 45 29 76 376 99 280 22 12538 2178 2211 3372 85 20386 150 12000 903 33441 74 11 80 62 56 83 75 00 42 00 JUlffi 1-15 ^/. JUIIE 15. 19 HOTAJD & WIKTEBS CO. Gross Less, Returns . sales of- all goods - Conslgrment sales (Accoimt sales rendered) " Consignment sales (Accotmt sales not rendered) " Rebates and allowances Ket sales of onr own goods Sales dlsconnts on all goods Less, - Insurance on consignment sales ITet returns from our own sales Net returns from sales from shipment to Chester 4 Esynolds Commission on consignment sales Total returns from sales and other trading incotees Gross trading profit brought down Purchase discounts Steamboat Creole Income 1761 22 5494 58 50 35 198 76 35 22 8805 7306 1499 163 1335 481 461 2278 2278 719 54 591 1565 27 15 12 54 58 46 76 82 M_ 72 54 30 56 JUKS 15. 19 HO^AP.D & yilTTZBS CO. Liabilities. Uotes payable Accounts payable (per general ledger schedule) Total current liabilities Stmdry liability Inventories, - Commission due A. G. Howe for sales of cigars Interest accrued on notes payable Sales of consignment goods for which account sales have not been rendered Reserve for bad debts Reserve for depreciation Surplus fund Undivided profits Net profit for the period (Undivided Profits a/c) Capital stock issued 10 51 8 00 5494 58 56 30 15 08 600 726 49 1190 71 Total liabilities, capital stock, and undivided profits 4000 4339 8339 5513 2588 17000 33 33 09 58 00 33441 00 ;Z.2_ Cash Dr. Cr. 216 287 45 46 199 32 1198 126 451 26 380 51 416 18 40 50 72 66 97 40 01 Bank Dr. Cr. 12538 211 1934 01 1934 199 52 1698 12 72 26 260 03 JUKE 17 . CASH General Ledger Dr. Cr. 1568 09 865 51 266 1379 1452 76 366 13 1106 79 262 1533 1516 50 33 80 1452 76 263 416 105 416 1279 85 562 12 26 12000 872 266 1379 4785 55 236 4785 07 55 8172 32 I 8172 32 21357 77 149 100 725 506 4017 2754 3735 106 14 20794 44 216 562 12000 416 21 416 1279 553 167 506 4000 87 47 90 112 32 14 122642 45 50 Date Jtme 326 72 553 262 18 112 14053 99 06 17 Bzplasatlon 18 19 20 21 22 25 26 27 28 29 Sales Ledger Aoct'a Dr. Cr. a/o) 0. D. Notes BeoelTable Steamboat Creole Inoome H. T. Sardner Shlpt. to J. A. Amsbaugh & Co. Purchases Proceeds Proceeds Shlpt. to J. A. Amsbau^ 4 Co. Charges Fnmltnro & Fixtures Crescent Steamboat Co. Stock Steamboat Creole - Our 1/3 Proceeds Proceeds Althottse Fruit Co. L. D. Doiier, Trustee American Express Co. C. 0. D. Althouse Frolt Co. H. T. Gardner Ira Willis i Co. Cash sales Deposit Shipt. to Chaster i Reynolds Bauer Grocer Co. R. B. Poe & Son (S. D. General Expense Bay & Co. (S. D. a/c) American Express Co. C Proceeds Ira Willis 4 Co. Frt., Exp. 4 Dra. G. E. Hare (S. D. Althouse Fruit Co Ira Willis 4 Co. Deposit Chandler Bros. Brown Bros. J. A. Amsbaugh 4 Co. Shipt.. to J. A. Amsbaugh 4 Co Crescent Steamboat Co. Stock Dlv J. A. Amsbaugh 4 Co Purchase Discounts Botes Receivable Hotss Receivable Proceeds Proceeds Ira Willis 4 Co. Rotes Payable Cash sales General Expense Deposit Proceeds Proceeds Ira Willis 4 Co. Commission Frt., Exp. 4 Dra. Comnlssion 293 35 a/c) 203 32 240 460 27 388 51 424 20 20 75 40 50 373 6C 1117 97 3613 20 Balance 563 66 JUIE 17 - 29 ^3 JOUniAL 1 Notes Eacoivablo Dr. Cr. Interest Dr. Cr. Charges Dr. Proceeds j Prchs^ Expenses | Sales Disc. Dr. Sales Dr. Cr. Dr. Dr. Gen'l TTareh.| Sell-I 211 80 2 03 1 7 77 42 72 08 52 1698 260 1568 44 74 03 09 5 4 87 07 238 13 2 36 4 81 1198 50 200 200 90 263 45 13 85 66 28 50 LI 40 9 7 8 7 11 20 54 78 49 47 18 504 17 2000 238 13 2 40 06 37 22 50 89 100 725 2754 3735 38 69 18 03 49 55 50 25 16 1516 80 942 30 2649 93 44 99 71 94 72 08 11158 03 94 56 53 66 11 40 59 41 2715 30 2-^ jmTE 17 - 29 ACCOmiT SALES Date Fo. Consignor Purchases Sales Charges Drayage Dr. Dr. Cr. Cr. Jtme 17 2 G. E. Barber & Son 69 30 8 33 1 60 17 9 Slegel, Sanders Com. Co 1 1866 75 18 1 F. B. Phillips 295 20 8 90 4 00 18 10 J. W. Dorris 211 63 12 20 2 18 12 J. G. Le^s & Co. 1716 93 23 25 5 40 2.Z 5 Barnes Fruit Co. 310 65 16 14 28 8 O'Heall & Eiihn 120 90 8 45 2 40 28 15 Los Angeles Fruit Co. 867 39 63 63 29 11 J. B. Wathen & Bro. Co. 1162 1837 50 5 36 29 14 M. Grace A Co. 4051 50 16 74 3 84 1162 11347 75 157 64 24 60 KEGISTEE. InsTjraaco CoramiBsion Packages Proceeds Personal Remarks . Cr. Cr. Returned Cr, Cr. Accts. Cr. 1 39 5 54 52 44 37 34 130 67 1698 74 4 56 17 71 260 03 4 23 12 70 180 50 J. W. Dorris 34 34 85 85 1568 09 6 21 24 85 263 45 2 42 7 25 100 38 17 35 60 72 725 69 59 99 179 97 2754 18 81 03 214 86 3735 03 248 86 740 12 11158 03 180 50 SALf^s Rcnir 17. Planters Hotel, S. D. V 3, 1481 70 17. Brown Bros. , 1613 58 18. H. T. Gardner, 240 58 19. Amer. Exp. Co., C. 0. D. 15 75 20. R. C. Webb, S. D. Vc, 139 90 21. Winston Farrington & Co. , 906 75 21. Wilson & Williams, 147 85 21. M, B. Ward, S. D. Vc, 70 30 25. J. R. Daugherty, 121 93 25. Win. Ray, S. D. V^t 260 00 26. L. D. Lozier, Trustee, 207 73 5206 07 JUNE 17 - 29 ^v5- THAL BALAHCE. JUNE 29. 19 HOWAPD & WINTERS CO. Capital Stock Furniture & Fixttires' Freight, Express & Drayage Purchase Discounts Interest Sales Ledger Acots. Purchases General Expense Warehouse Expense Selling Expense Sales Discounts Sales Insurance Cotnmission Inventory Reserve for bad debts Undivided Profits Notes Receivable Reserve for Depreciation Shipt. to Chester & Reynolds Ira Willis & Co. Surplus Shipt. to J. A. Amsbaugh & Co. Crescent Steamboat Co« Stock Crescent S. C. Stock Dividend Cash 177 29 4784 1723 94 53 11 59 1053 504 1G32 21 12000 663 22709 50 35 99 97 56 66 40 41 64 17 42 13 66 66 17000 18 5 2066 248 472 56 1917 15 46 600 262 22709 03 19 20 86 30 20 08 50 50 86 ENTRIES FOR- INVENTORIES AND CLOSINrx. June 29 Inventory Purchases 29 Purchase Discounts Interest Sales Insurance Conmlssion Shipt. to Chester & Reynolds Crescent S. Co. Stock Dividends Frt. , Exp. & Dra. Purchases General Expense Warehouse Expense Selling Expense Sales Discounts SMpt. to J. A. Amsbaugh 4 Co. Undivided Profits 29 Purchases Inventory 1053 64 1053 18 03 5 19 2068 20 248 86 472 00 46 50 262 50 29 1723 94 53 11 59 21 1127 1053 64 1053 64 35 97 56 66 40 41 13 80 64 ^ JU!{E 17 - 2S TRAPIITG AIH) PROFIT AKD LOSS STATSKEFP. Costs* Purchases for period, less inventory Warehouse expenses of handling our own and conslgnnent goods Shipt. to Chester & Reynolds (at cost) SMpt. to J. A. Aissbau^ & Co. (at cost) Add freight prepaid on same 562 50 12 50 Total cost of purchases and trading expensed Gross trading profit carried down Selling expenses - sundries Freight, express and drayage General expenses - salaries, sundries, etc. Eet profit for the period 11 40 29 35 1723 53 280 575 2632 977 5610 40 94 1127 1263 97 66 22 00 85 39 24 75 56 80 11_ STATEMEIST OF RESOURCES AUD LIABILITIES. •ReBouroes. Cash in bank Inventory of merchandise on hand notes receivable Accotmts receivable (per sales ledger schedule) Accotmts receivable (per general ledger schednle) Total cnri^nt resotirces Famiture and flxtxires Crescent Steamboat Co. Stock 563 1053 504 4784 1632 8538 177 12000 20716 66 64 17 99 42 88 50 00 38 JUKE 17 - 29 JUKE 29« 19 HOWARD & WIKTEES CO. =^ Returns » Gross sales of all goods Less, - consignioent sales Ket sales of our own goods Het returns from sales from shipment to Chester & Reynolds Net returns from sales from shipment to J. A. Amsbaugh & Co. Insurance on consignment sales Less, - Sales discoTints on all sales Commissions on consignment sales Total returns from sales and other trading incomes Gross trading profit broxight down Purchase discounts Interest Dividends on Crescent Steamboat Go. stock 13415 95 11547 75 248 86 59 41 2068 326 553 18 S 472 20 72 87 45 3610 5610 24 24 977 18 5 262 39 03 19 50 1265 11 JUKE 29, 19 HOWARD & WIKTERS CO. Liabilities. Reserve for bad debts 56 50 Reserve for depreciation 15 08 Surplus fund 600 Undivided Profits 1917 20 Ket profit for the period (Undivided Profits a/c) 1127 80 Capital Stock issued Total liabilities, capital stock, and undivided profits 5716 17000 56 00 20716 58 j2:^ sTTT>P T.?:;.'Hrf prAPT ttoEK. Pages 13-14-15 Cash 35000. Caah 50000. Capital Stock 50000. Installment So. 1 20000. 2.- Installment Ho. 2 15000. Caah 20005; notes Heosivable 5000. Capital StocS 3- Sntries when installment at 20000. not kept. Installment So. 1 Page 26 5000. scounts are Subscribers 7200C. SabBcriptlon 72000. T - 1. Cash 36C0C. Plant 4 Equljiaent 45000. Subscribers 36000. Cash 55000. Subscription 36000. Capital Stock 100000. Capital Stock 360C0. 2. Eeal Estate 23000. Entries when installnent accounts are kept. Plant & Equipta't • - Foundry 12700. Installoent Ko. 1 36C0C. Plant & Equipm't • - Blr. Yd. 6100. Installment V.o. 2 3600C. Plant i Equipm't '• - ilch. Sh. 28200. Subscription 72000. Capital Stock 70000. Cash 36000. Cash 30000. Installment l.'o. 1 36000. Capital Stock 30000. Subscription 36000. -^-3. — — Capital Stock 36000. Inventory 112500. 4.- Building & Lot 22500. uash 150COO. Cash 5000. Capital Stock 15CO00. Good-TTill 10000. Subscribers 100000. Sotes Receivable 10000. Subscription 5.- Store & Lot 25000. 100000. Capital Stock Cash A 160000. 16000. Cash 3C0C0. Capital Stock 16000. Kotes Eeceivable 300C0. e o* Capital Stock 85C0C. Cash 150000. — 6. Promotion Expense 50000. Patents 5C000. 50000. Capital Stock 200000. Capital Stock 6. Installnent ITo. 1 53750. Cash 240000. Installment IJo. 2 5375C. Die. on Stock or Promo. Ex. 10000. Installment Ko. 3 53750. Promotion Expense 50000. InstalLrient Eo. 4 53750. Capital Stock 300000. Subscription 215000. Cash 111531.25 page 32 Installment V.o. 1 InstalL-nent Ko. 2 48375. 40312.50 t X* Installnent Ko. 3 16125. Cash 125000. Inptallnent Vo. 4 6718.75 Preferred Capital Stock 125000. 7. Installment ITo. 1 625C. Cash 87500. Installment Ko. 2 6250. 1 Preferred Capital Stock 87500. Conmon Capital stock 12500. InstalLTiant Ko- 1 25000. Cash 6250. 1 Installnent ^o. 2 25000. Installment V