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16   BOOKKEEPING Exercise No. 8.

Journalize; post, balance, and close Cash Account, making it a continuation of Cash Account in Exercise No. 7. What is the balance called 3

Kingston, October 1, 19-. Pupil invested extra cash $600.50. 8. Gave R. Moore on account, cash $100.

15. Bought Mdse. for cash, $300. 22. Sold Mdse. for cash, $200.50.

26. J. Mason paid on account, cash $100. 28. Paid R. Potter on account, cash $200.

31. Bought Mdse. for cash, $50.

24. Bills Receivable.

Other persons' notes and acceptances are called Bills Receivable. The following is K. Spiers' promissory note, in which he promises to pay the amount specified :

Instead of giving the foregoing note, K. Spiers might have given the following acceptance or accepted draft.   -fir

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