Accepted G. Sloane & Co.'s draft, dated July 18 at 10 days, for $280, and also remitted a bank draft for $100 purchased with cheque, exchange 25c., in payment of Mdse. as per Invoice received July 18. (J. and B.B.)
Returned R. Johnston's dishonoured cheque received on 22nd.
Paid for fixing shelving, cash $25.
Gave Pupil on his salary, 1 Silver Watch $20.
Pupil's salary is not due until the end of the month, and as the payment is irregular we must treat this as a sale to Pupil on a/c.
25. Sold E. Evans for his draft at 3 days on the Dominion Plating Co., 1 doz. Fancy Card Receivers @ $2 each; 6 doz. Napkin Rings @ $1. (S.J., J. and B.B.)
Put this entry through the Personal Account. See Section 99.
Received from R. Johnston on a/c, bank draft $250.
Paid Pupil on his salary, cash $20.
Put through the Personal Account. See note on July 24.
29. It. Johnston paid cash $50 on his acceptance of the 15th, and gave his note at 2 months bearing interest at 6 o per annum, for the balance.
Paid salaries for July with cheques.
Expense Dr., Pupil Cr., Scholastic Bank Cr.
Settled our acceptance of the 23rd with cheque, $280.
Petty Cash Sales, $710.
The Dominion Plating Co. requests us to place the draft of the 25th to their debit. Deposited the balance of cash Cu hand, excepting $5.