Bookkeeping: Complete CourseGinn, 1912 - 334 pages |
From inside the book
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Page 46
... face of the note , $ 320 ; interest , $ 16 . The above is journalized as follows : Cash Bills Rec . Interest $ 336 $ 320 16 Interest is debited when it costs something ; it is credited when it produces something . When the statement is ...
... face of the note , $ 320 ; interest , $ 16 . The above is journalized as follows : Cash Bills Rec . Interest $ 336 $ 320 16 Interest is debited when it costs something ; it is credited when it produces something . When the statement is ...
Page 47
... face of the note , $ 275 ; interest , $ 12 . The above is journalized as follows : Bills Pay . Interest Cash $ 275 ... face of the note , $ 245 ; interest , $ 11 . 14. Paid your note and interest in favor of James A. Boyce , in cash ...
... face of the note , $ 275 ; interest , $ 12 . The above is journalized as follows : Bills Pay . Interest Cash $ 275 ... face of the note , $ 245 ; interest , $ 11 . 14. Paid your note and interest in favor of James A. Boyce , in cash ...
Page 52
... face of note , $ 300 ; interest , 50 ¢ ; total , $ 300.50 . 12. Received of W. F. Pratt his note at 10 da . , with interest at 6 % , $ 250 , and the balance of the invoice of Feb. 6 in cash . 13. Sold Geo . S. Rollins , City , for cash ...
... face of note , $ 300 ; interest , 50 ¢ ; total , $ 300.50 . 12. Received of W. F. Pratt his note at 10 da . , with interest at 6 % , $ 250 , and the balance of the invoice of Feb. 6 in cash . 13. Sold Geo . S. Rollins , City , for cash ...
Page 53
... face of the note , $ 250 ; interest , 42 ¢ ; total , $ 250.42 . 22. Bought of C. W. Allen & Co. , City , for cash , an invoice of carpets amounting to $ 410.50 . 23. Received the following check , to apply on account : Boston , Mass ...
... face of the note , $ 250 ; interest , 42 ¢ ; total , $ 250.42 . 22. Bought of C. W. Allen & Co. , City , for cash , an invoice of carpets amounting to $ 410.50 . 23. Received the following check , to apply on account : Boston , Mass ...
Page 57
... face of the note , $ 235 ; interest , $ 10.50 . 10. Received a check from J. A. Markham for his ncte and interest due to - day ; face of the note , $ 425 ; interest , $ 21 . 11. You withdrew from the business for personal use cash ...
... face of the note , $ 235 ; interest , $ 10.50 . 10. Received a check from J. A. Markham for his ncte and interest due to - day ; face of the note , $ 425 ; interest , $ 21 . 11. You withdrew from the business for personal use cash ...
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Common terms and phrases
acceptance Accounts Payable Accounts Receivable Accts amount apply on account Bengaline bill book bill of lading Bills Payable Bills Rec Bills Receivable bookkeeping Boston Bought capital stock Cartage cashbook charge check book Chemical National Bank Cheval Glasses close the ledger Coal column dated Nov debit discount drawer drawn on Traders Duchesse Lace due to-day Enter EXERCISE Expense favor Fill the order firm Flour freight Gain account half chests inclose instructor for approval interest inventory investment invoice invoice book Items as follows journal entry July less Loss and Gain Mdse Mortise Locks net 30 da Office Fixtures P. R. Brown paid paper partner Post proprietor purchase book purchase ledger receipt record resources and liabilities sales book sales ledger sight draft Sold stub student Take a trial Terms Traders National Bank trial balance Union Bank York draft
Popular passages
Page 161 - It is mutually agreed, as to each carrier of all or any of said property over all or any portion of said route to destination, and as to each party at any time interested in all or any of said property, that every service to be performed hereunder shall be subject to all the conditions, whether printed or written, herein contained (including conditions on back hereof) and which are agreed to by the shipper and accepted for himself and his assigns.
Page 161 - ... agrees to carry to its usual place of delivery at said destination, if on its own road or its own water line, otherwise to deliver to another carrier on the route to said destination.
Page 266 - Receive credit for the proceeds. Make out a discount memorandum, pin it to the note, place in the pass book, and go to the bank and receive the proper credit. HOW TO DISCOUNT AN INTEREST-BEARING NOTE 1. Add the interest for the full time to the face of the note. 2. Discount the amount of the note (the face plus the interest) for the time from the date of discount to the maturity of the note. 3. Subtract the discount found from the amount of the note, and the difference is the sum for which you should...
Page 160 - Received, subject to the classifications and tariffs in effect on the date of the issue of this Bill of Lading, at , 19 from the property described below, in apparent good order, except as noted (contents and condition of contents of packages unknown), marked, consigned, and destined as indicated below, which said company...
Page xi - Interest is the compensation allowed by law or fixed by the parties for the use, or forbearance, or detention of money.
Page 244 - October 6, 19 — Mdse. bought of AJ Weaver & Co. Mdse., regular purchases to Oct. 6 Freight and drayage paid to date 120. Freight and drayage due to date, per inv. 390. Mdse. sales to date Mdse. on hand, per inv. Gain on Mdse., carried down Gain on Mdse., brought down Expense, total per ledger 790.
Page xxv - ... giving and granting unto my said attorney, full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done in and about the premises, as fully to all intents and purposes as...
Page 6 - While writing these models the student is learning how to place business transactions on the written page in the most approved manner. Business records are not only valuable when made, but may be of especial importance years hence ; therefore it is necessary that the statements be clear not only to the writer but to any person who may have occasion to examine them at any future time. If books are introduced into court as evidence, the explanatory part of the records is often the most important. It...
Page 32 - Find the difference between the sides of the account, the inventory included. This difference is the loss. 3. Enter the loss on the credit side, in red ink, under Loss and Gain. 4. Rule and foot the account. 5. Bring the inventory below the...