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BOOKKEEPING   103

 

  1. Paid J. Scott for Shelving and Counters, $30 cash.

  2. Paid S. Dixon cash for balance due him on a/c.

25 Sold J. Morgan for cash, 1 bbl. Machine Oil, 45 gals., @ 40c. Paid our note of Mar. 2 in cash, $2500.

  1. Sold R. Kester for cash, old Shelving and Counters, $5.

  2. Paid cash for Advertising, $8.

  3. Bought from S. Dixon for cash, Mdse. as per Inv. 5, $275.

  4. Petty cash sales of Mdse. for the month, $1565.

Paid bookkeeper's salary in cash.

INVENTORIES taken March 31, 19-. Asset Inventories :

Merchandise on hand    '$2575.55

Real Estate—House and Lot    2600.00

Expense—Office Furniture and Counters    235.00
Net Gain, $249.10 ; Net Capital, $5499.80.

Sup. Set. III.—D. E.—Dry Goods Business (Alternative with Set IV. or Set V.). Spee.al Features.—The use of Orders for money or goods.

Instructions:

(a) Books to be used—Business Papers, Journal Day Book, Cash Book and Ledger.

(b) Business Papers:

  1. Inward.—Invoices on Mar. 8, 22, 27 ; Cheques on Mar. 5, 23, 27, 29, drawn on any bank; Orders on Mar. 6, 12, 26; Totes on Mar. 1, 13, 16, 2.5, 27.

  2. Outward.—Invoices on Mar. 5, 6, 16, 23, 26, 27; Deposit Slips on Mar. 4 ;

Cheques on Mar. 7, 11, 19, 22, 26, 27, 30; Order on Mar. 15 : Notes on Mar. 1, 2, 2:

(c) Make out business papers, journalize and write up the Cash Book; post; take a Trial

Balance ; take stock ; make a Loss and Gain Statement, a Summary of the Proprietor's A/c,

and an Asset and Liability Statement; close the Ledger as in Sets I. and IL

Directory:

Carr, A., Harrisburg, Out.   Spanner, 11T, Hamilton, Out.

Casey, B., Dundas, Ont.   Tennant, WV., Woodstock, Ont.

McIntyre, A. & Co., London Ont.   All Others, Brantford, Ont. North, M., Woodstock, Out.

Ledger Lines
A. T. Dingman (Cap. A/c)H+ 7

Cash    II+12

Real Estate    I I+ 3

2Merchandise    II + 11

Bills Receivable    If + 6

Bills Payable    If + 4

3R. Swinton    II + 5

if. Conway    II + 5

Scholastic Bank    II +11

4Expense    II+8

P. Davis    II + ?

Loss and Gain    II+.i

Transactions—Set V.

1, 19—. A. T. Dingman commences a Dry Goods

Business at

85 Colborne

Brantford, March

Street

Assets: Cash, $5000; Mdse., $1000; note against M. Spanner, dated Feb. 16 at 60 days

for $750 ; balance due from R. Swinton, $350 ; Office Furniture, $150.

Liabilities ; Note favor of A. Carr, dated Feb. 5 at 30 days, for $150 ; note favor of

B. Casey, dated Feb. 9 at 2 months, for $350; balance due to M. Conway, $150.

2_ Bought from D. T. Ames, Store and Lot for $1400, giving in payment cash $400 and note at 4 months, payable at the Scholastic Bank, for the balance.


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