Page:LA2-NSRW-5-0182.jpg



2166

ARITHMETIC

Transactions.

Sept. 4, 1911, William Baxter buys of the Dwight Lumber Co., of Detroit, Michigan, on account

7500 shingles at $3.50 per M. 1450 ft. pine at $34.50 per M. 8250 ft. hemlock at $22.25 per M.

Sept. 20, 1911, Wm. Baxter buys of Dwight Lumber Co. on account 1500 ft. boards at $24.00 per M. 2750 cedar posts at $12.50 per C. Oct. 12, 1911, Wm. Baxter pays $115 on his account. Nov. 15, 1911, Wm. Baxter pays $45 on his account. Dec. 4? 1911, Wm. Baxter pa/ys the balance of his account. Eender an itemized account, Sept. 30, 1911. Render a statement, Oct. 31, 1911. Render a statement, Nov. 30, 1911. Receipt the last statement in full, Dec. 4, 1911.

When payments are made on an account, a receipt is given for the sum paid. The following was given to A. A. Evans: $5.00                                                   Trenton, N. J., April 20, 1911.

Received of A. A. Evans, five dollars on account.

DAVID GRANT.

CASH ACCOUNT.

A cash account is a record of all money received and paid out. Put on debit side all money on hand or money received. Put on credit side all money paid out.

Balance a cash account in the same way as a ledger account. 1911                                   Cash. Dr. Cr.

Jan.    1    Cash on hand                                             225 00

5  Paid insurance                                                              35 00

10  Received check                                             74 00

18   Paid telephone                                                                3 40

24  Paid coal bill                                                                 48 00

28  Eeceived salary                                           195 00

Balance on hand_________    407 60

Feb.    1   Balance brought forward                           407 60