Previous Ontario School Bookkeeping (1909) Next

 

BOOKKEEPING   85

CASII.   CR.

19

 

L. F.

(Accounts Dr.)   (Explanations.)

Sundries Dr.

Expense Dr.

Sept.

7

is/

Expense   -   -   Office Books   -

 

 

12

 

 

13

80

Kent Hardware Co.   Bank Draft on a/c

300

 

 

 

 

13

 

Expense   -   -   Exchange 4%   -

 

 

 

 

 

16

81

Bills Payable   -   # 3 prepaid   -

1460

 

 

 

 

16

 

Expense   -   -   Exchange ,'a%   -   -

 

 

1

82

 

17

82

C. Rogers & Co.   .   -   Inv. Sept. 16   -   -

200

 

 

 

 

17

73

A. McIntyre (Priv. A/c)   Withdrew   -   -

75

 

 

 

 

17

is/

Expense   -   .   -   Collections, on B. R. 2

 

 

 

20

 

26

74

J. MacDonald (Prin. A/c)   Withdrew   -

40

 

 

 

 

27

til

Expense   -   -   -   tins Bill   -   -   -

 

 

15

 

 

28

 

Expense   -   Collections, on cheque

 

 

 

05

 

30

83

B. King   -   Ranh: Draft on a/c   -

800

 

 

 

 

30

"/

Expense   Exchange *%   -   -

 

 

1

 

 

30

is/

Expense   September Rent   -

 

 

40

 

 

30

 

Expense   Bookkeeper's Salary -

 

 

40

 

 

30

30

84

85

Expense   For September   .   Dr.

*110

43

110

43

 

*30

 

Cash   -   -   Cr.

2985

43

 

 

 

 

 

*Balance -

*4339

47

 

 

 

 

 

 

7324

90

 

 

RECEII'_4 BLE.

TIME TO RUN.

Year

Joe Feb.

Mar. Apr.

WHEN DUE.

May June

July

Aug.' Sop.

der.

Nov

Ins.

Rate % Int.

AMOUNT.

DISPOSED OF.

When.   How.

4 mos. 7 dys. 60 dys.

19--
c

14 16

16

6

7

365 78 172

56'

Sept. Sept.

14 17

Cash ,$200& B. R. 3 Bank Collected

Bills Receivable Dr.   615   56

PA TABLE.

TIME TO RUN.

year

JJ=n. ' Feb.

Mar.

.(pr.

WHEN DUE.

Mayl June July l Aug.

Sep.

Oct.

Nov.

Dee.

Rate

Int.

AMOUNT.

REDEEMED.

When.

How.

60 dys.

30 dys' sight. 30 dys. 30 dys.

19—
(

17 13 1

28

100 730 1460 600

Sept.

16

Prepaid.

Bills Payable Cr.   2890

Remarks.—1. By leaving the Bills Rec. and Bills Pay. out of the opening entry in the Journal, there would be no "J'" in the folio column of the Bill Journal, and these items would then be posted from the latter book.

2. For Bills Rec. # 3, the corresponding item ($172.56) in the Journal must be checked "B" in the folio column to prevent double posting. If this entry be separated into two parts —one for the Cash Journal and one for the Bill Journal, or if it be put through the Personal Account, there will be no overlapping. See the following examples, (a), (b), (c) on the next page, of journalizing for Sept 14.


Previous Ontario School Bookkeeping (1909) Next