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BOOKKEEPING   79

 

Directory:

American Watch Case Co., Montreal, Que. Clarke, K., Moncton, N.B.

Dominion Plating Co., Toronto, Ont. Dominion Show Case Co., Montreal, Que.

Evans, E., Fredericton, N.B. Johnston, R., Chatham, N.B. Sloane, G. & Co., Halifax, N.S. All Others, St. John, N.B.

Ledger Lines:

7' D. Proctor (Capital A/c) .H + 5

Dominion Plating Co   H + 5

Real Estate    II + 4

Cash    H+4

`yJferchandise    II+8

Expense    H+ 6

Bills Receivable   H+7

sShop Furniture   H+ 5

/Scholastic Bank    H+ 12 JD. Proctor (Private A/c).H + - Dominion Show Case Co.fl+

Bills Payable   II +

Interest and Discount .. .H

-+. Evans    H+

G. Sloane & Co   H+ 3

R. Johnston   II + 6

2 Insurance    H + 4

I Pupil    H + 3

'6K Clarke    H + 3

2ferchandise Diacownt   H+ 2

Loss and Gain ,    H+ 5

Transactions—Set IX.

St. John, N.B., July 2, 19—. D. Proctor opens up a Wholesale Jewellery Business at # 69 Main

Street.   -C.. C? 5 e Assets : Cash $2500 ; Merchandise $2800 ; Store # 69 Main Street, $2000 ; Shop Furniture, $300.

Liabilities : Balance due the Dominion Plating Co., $450 ; draft for $200 in favour of the American Watch Case Co., dated June 3, at 30 days' sight, accepted June 5, payable at the imperial Bank, Montreal, by request.

2. Deposited cash in the Scholastic Bank, 20 x $5, 50 x $10, 30 x $20, 10 x $100 ; cheques $125.75, $74.25.

Engaged Pupil as bookkeeper at $60 per month, and R. Mills and S. Dow as clerks at $50 each per month.

3. Sold K. Clarke on a/c at 30 days, 8 Gold Watches @ $30 ; 6 doz. Silver Plated Teaspoons $3.50.

Remitted to the Dominion Plating Co. on a/c, bank draft $100, purchased with cheque ; exchange 25c.

Paid freight $8 with cheque, to the C. P. R., on goods ordered from G. Sloane & Co.

See Section 106.

  1. Bought from G. Sloane & Co. on a/c, 15 days, Mdse. $850 as per Invoice dated June 29.

  2. Sold E. Evans on a/c, 3% 10 days, 10 Marble Clocks @ $20 ; 1 doz. Alarm Clocks @ $9.60.

Proprietor withdrew for private use by cheque, $30.

Enter withdrawals in "D. Proctor (Private A/c)." Close "D. Proctor (Private A/c)" into "D. Proctor (Capita; A/c)." "Loss and Gain A/c" is sometimes closed into the Private A/c, and then the Private A/c into the Capital A/c.

 

6. Sold R. Johnston on a/c, 30 days, 18 pcs. Silverware assorted @ $3 ; 14 doz. Silver Plated Knives @ $4.50

Bought from the Domini Show Case Co. on our note at 10 days, 3 Show Cases @ $25.

Put this through the Personal Account, making two entries in the Journal—Shop Furniture Dr. and Dominion Show Case Co. Cr. ; Dominion Show Case Co. Dr. and Bills Payable Cr. The latter entry would be put through the Bill Book only, if used as a posting medium. See Section 99.

 

Paid freight on Show Cases in cash $6 (Shop Furniture A/c).


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