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86   BOOKKEEPING 122. Special Journal Entries for Sept. 14 Below.

(a). Entry Not Separated Into Distinct Parts.

(b). Entry Separated Into Distinct Parts.

(c). Entry Put Through the Personal A/c.

C B 76 75

(Entry for Journal)I

Cash   -   200

Bills Rec. -   -   172 56 Bills Rec.

Interest   -

(Entryfor Cash J.) 851 Cash   -   -
J . Bills Rec. -

(Entry for Bill J.)

76I Bills Rec. -   -

J 1   Bills Rec. -

123. Transactions for foregoing Cash Journal and Bill Journal.

 

Winnipeg, Man., September 3, 19-- . A. McIntyre and J. MacDonald have this day entered into co-partnership.

A. Mclntyre's Assets: Cash $5000 ; note for $365 against P. Fellows, dated May 11 at 4 months, bearing interest at 6% per annum. Liabilities: Note for $100, in favour of R. Wilkins, dated August 15 at 60 days.

J. 1facDonald's Assets : Cash by cheque on the Dominion Bank $1000.

7. Bought a set of books for the office with cheque, $12. Petty Cash Sales, $150.

  1. Accepted B. King's draft on us, dated Sept. 6 at 30 days' sight, favour J. Mason, $730

  2. Drew a draft on C. Dale in favour of ourselves, for $78, dated Sept. 6 at 7 days.

  3. Accepted F. Burton & Co.'s draft, favour of themselves, dated Aug. 29 at 30 days, for

amount of Invoice of the 4th, $1460.

Sent the Kent Hardware Co. on a/c, bank draft purchased with cheque, for amount of
Invoice of the 12th, less 3% discount—$300 less $9 ; exchange -k%. (C.J. and Stub.)

14. P. Fellows' note in the opening entry falls due to-day—face $365, interest due $7.56 ; he pays $200 cash on it, and gives a new note at 60 days for the balance, bearing interest at 7%. Petty Cash Sales, $225.50.

16. Prepaid our acceptance of the 13th by remitting bank draft purchased with cheque ; discount at 5% ($3); exchange C.

17. Remitted C. Rogers & Co. cheque on a/c, $200. A. McIntyre withdrew cash $75.

The bank has credited us with the amount of C. Dale's acceptance left for collection on the 11th, less collection charges i% ; face $78, coll. 20c.

18. Sold L. Laing for cash, 15 doz. Paint Brushes @ $1.20 ; 4 bbls. Boiled Linseed Oil, 40 gals. ea. at 50c. (Put this through the Personal A/c.)

21. Petty Cash Sales, $260.80.

23. Received from T. Marshall on a/c, his cheque on the Merchants Bank for $25, dated Sept. 21.

  1. J. MacDonald withdrew for private use, $40 by cheque.

  2. Paid gas bill with cheque, $15.

  3. Accepted draft drawn by the Kent Hardware Co. in favour of themselves for $600, dated

Sept. 25 at 30 days. Petty Cash Sales, $275.60. Paid bank collection charges 5c. 30. Remitted B. King on a/c, bank draft $800, purchased with cheque ; exchange *%.

Paid bookkeeper's salary, $40 in cash. Paid rent of store for Sept., $40 in cash.

200

56

172

365 X561

200

56

172

(Entry for B. J.) Bills Rec. -   - Bills Rec. -

(Entry for C. J.)

Cash   -   - Bills Rec. -

   Interest   -

200

56

172

185 76 I75 f

76 76

44 56

192 7

56

172

85 87

77 76 75

76 76

(Entry for J.) P. Fellows.

Bills Rec. Interest

(Entry for B. J.) Bills Rec. -   - P. Fellows -

(Entry for C. J.) Cash   -   - P. Fellows -

1365 7

200

172

56

373

200

172

56

56 56


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