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100   BOOKKEEPING

 

  1. A. Grierson invests cash sufficient to make his Net Capital up to $5000.

Pupil invests cash, $1000.

The firm sells to R. Purvis all the goods, except the stock of Groceries and Provisions, foi cash, $1563.

Put this through the Personal A/c.

Paid Pupil's salary due to date, $20, in cash.

Paid B. P. # 2 with cheque, $125. Deposited in Bank, cash $2800.

  1. Bought from F. Pringle ds Son, Mdse. $1475, Invoice dated Dec. 16, 4/10 n,13,,.

4/10 means 4% off if paid inside of 10 days ; n/30 means net cash in 30 days, that is, if not paid in 30 days interest will be charged.

Paid B. Grafton Sr, Co. in full of a/c, with bank draft $325, purchased with cheque ; exchange %.

Sold Mrs. S. Prang on a/c, 3 bars Soap @ 18c.; 5 # Currants @ 8e. ; 3 bags Potatoes @ 90e. ; 1 bbl. Russet Apples, $3.50.

  1. Paid W. Baxter for painting store, $20 cash.

Bought from B. Grafton S; Co. on a/c, Mdse. $1630, Invoice dated Dec. 16, 8/15n/3o

Sold C. Kennedy on a/c at 10 days, 1 bbl. Gran. Sugar, 220 — 18 = 202## @ 3ic. ; 1 chest

S. C. Tea, 90 — 8 =82# @ 35c.; 1 bbl. S. D. Syrup, 35 gals. @ 42c. ; 3 bxs. Raisins,

25 # ea. @ 7c.

18# and 8# are the tare, the respective weights of the empty barrel and the empty chest.

Sold J. Lamont, 2 # Mustard @ 25c. ; 5 doz. Eggs @ 20c. ; 1 box Soda Biscuits, 25c. ; 3 cans Corn @ 12c. Paid in cash.

Included in " Cash Sales" on the 21st.

19. Sold F. Pratt, 1 bbl. XX White Wine Vinegar, 40 gals. @ 17c. ; 5 cases Corn, 10 doz. @ $1.15 ; 2 doz. XXX Brooms @ $2.40 ; 1 keg Mustard Pickles, 15 gals. at 35c. Received in part payment, cash $10.

Put this through the Personal A/c—the sale through the Order Book, the payment through the Cash Journal.

Sold E. Lowry on a/c, 1 Smoked Ham, 10 # @ 15c. ; 5 # Coffee @ 25c. ; 10 gals. Coal Oil @ 16c. ; 2 bbls. Salt @ $1.15.

20. Sent F. Pringle & Son on a/c, cheque for amount of Invoice received on the 17th, less discount $59.

M. Morrow paid his note, B. R. 1, in cash $35.

Bought from B. Grafton S Co. on a/c, Mdse. $800, Invoice dated Dec. 18, 310

21. Sold M. Morrow on a/c, 1 doz. cans Vegetables assorted, $1.30 ; 2 qts. Oysters @ 30c. ; 10# Layer Raisins @ 15c. ; 2 bags Potatoes @ 90c.

Cash Sales for the week, $780.50. Deposited in the Bank, cash $950.

  1. Bought a delivery Horse and Waggon from E. Sparling for $180 cash.

Sold R. Grant on a/c, 5# Tapioca @ 7c. ; 1 bag Flour, $2.50 ; 10# Cheese @ 12c.

24. Sold F. Pratt on a/c at 10 days, 5 cases Tomatoes, 2 doz. ea., @ $1.20 ; 1 bbl. Y. Sugar, 250 — 20 = 230# @ 3ic. ; 1 sack P. Rice, 200# @ 3ic.

Accepted B. Grafton & Co.'s draft on us, dated Dec. 18 at 10 days, for $2430 to close a/e 26. F. Pratt writes us that the goods, shipped him on the 24th, were short 1 case Tomatoes. 2 doz. @ $1.20. (J.)

Bought from E. Lowry on a/c, 2 crates Eggs, 18 doz. ea., @ 15c. ; 1 tub Butter, 50## @ 16c A. Grierson took for private use, 50# Gran. Sugar @ 3ic. ; 25# Butter 4 16c. ; 10# Tea @ 35c.


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