Items related to Bookkeeping exercises Volume 1
Synopsis
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ... National Bank William T. Kenyon's note of July 10 and received credit for the proceeds. 28 Received notice from the Tenth National Bank that sight draft left on July 24 for collection has been paid and credited to our account. 29 Paid Globe Coal Co. $250 on account. 31 Paid the following bills by check: lighting $5.90, telephone $2.50, salaries $130. Balance the cashbook. Post the entries made and take a trial balance. Total cash receipts and payments should be posted to a ledger account for Cash. 60 EXERCISE 12 As bookkeeper for Robinson & Crawford, retail grocers, make, with complete explanations, the proper entries for the transactions of the week ending January 13, 19--, using double entry journal and cashbook. 50 January 8 Cashbook balance $2165.10. Bought of Medal Milling Co., Rochester, N. Y., terms 2/io n/3o: 15 bbl. flour @ $4.75; 500 lb corn meal @ 400 lb buckwheat flour @ Paid freight on above invoice $16.15. Paid rent for January $125. 9 Sales on account: George W. Miller $46.10; C. W. Finley $29.45; Warren Thomas $18.95. Paid 90-day note for $150, with interest at 6%, due to-day, in favor of Albany Jobbing Co. Received from Robert Jenkins check for $150 to apply on account. 10 Discounted John Williams's note for $275 and received credit for the proceeds; term of discount 25 days. Sold to Henry Farley, on account, merchandise amounting to $49.50. Bought of R. A. Fall, on our 90-day note, merchandise amounting to $346.10. 11 Sold Marsden Hotel Co. merchandise amounting to $672.40 and received their 30-day note for $300 to apply on account. Paid for repairs to delivery wagon $12. 12 Received from William Peters check for $50 in part payment on his note. Henry Farley settled by check his account in full $78.42. Paid by check balance of account...
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