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BOOKKEEPING   101

 

27. A. Diamond paid his acceptance, B. R. 2, with draft on the Dominion Bank, $25.

Sold C. Kennedy on a/c at 10 days, 1 tin Gr. Ginger, 10# @ 30c. ; i chest O. Tea, 50—6 44# @ 30c.; 1 sack Almond Nuts, 100# @ 11c.

  1. Cash sales for the week, $830.25.

Deposited in the Bank, cash $820.

  1. Paid freight bill for two weeks, $15.50, with cheque.

Rendered C. Kennedy a monthly statement, and drew on him at 5 days, for bills of 18th and 27th.

  1. Paid acceptance favour of B. Grafton & Co. with cheque, $2430.

A. Grierson withdrew for private use $50.75 cash, and Pupil withdrew $40. Paid rent for December, $60 cash.

Paid Miss Markham's salary, $32.50 cash.

Cash Sales for two days, $125.10.

INVENTORIES taken Dec. 31, 19—.

Asset Inventories :

Merchandise on hand    $4175.74

Furniture and Fixtures on hand    300.00

Expense—Horse and Waggon    180.00

Results :

A. Grierson's Net' Gain, $.4.40.40; Net Capital, 8':380.40. Pupil's   "   " '110.10 ; "   1070.10.

SUPPLEMENTARY SETS

Sup. Set I.—D. E.—Hardware Business (Alternative with Set II.; p. 41).

Instructions:

(a) The same as for Set II.

(b) Business Papers :

  1. Inward.=Notes on Feb. 1, 192 and 21 ; Receipts on Feb. 1, 9 and 28.

  2. Outward—Note on Feb. 14 ; Receipt on Feb. 28.

(c) The same as for Set II.

Directory :

Dixon., S., Edmonton, Alta.   Morgan J., Lethbridge, Alta.

Manson, L., Medicine Hat, Alta.   All others, Calgary, Alta.

Ledger Lines for Sup. Sets I and II:

'P. J. Melville (Cap.)    11+ 4 + 3

Cash    H+7+10

2Merchandise    II + 6 + 8

Bills Payable    II + 1 + 3

S. Dixon    II + 1 + 3

3Expense    II + 6 + 6

i Bills Receivable    H+3+2

Real Estate    H + 0 + 4

4R. Grainger    11 + 3 + 2

J. Morgan    H+0+2

Loss and Gain    II + 3 + 3


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