Laboratory Manual Theory And Practice of Accounting 1921 Ed

Cover Laboratory Manual Theory And Practice of Accounting 1921 Ed
Laboratory Manual Theory And Practice of Accounting 1921 Ed
Fayette H Fayette Herbert Elwell
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(less discount of $210. 00) 4, 740. 00 12. Sold Wm. Owen (on credit) 5, 000. 00 15. Purchased from J. Green & Son (on credit) 17, 105. 00 16. Bought Gas Engine from Al-Ki Gas Engine Co. (on credit) 1, 750. 00 17. Paid Wages 2, 210. 00 21. Paid Taxes 105. 00 24. Paid Premium on fire Insurance Policy for Year Ending December 24, 1916 525. 00 30. Received for Sale of Investments 6, 000. 00 31. Paid Office Salaries 1, 800. 00 Paid Office Expenses 100. 00 Paid Wages 2, 200. 00 Sold James Smith & Co.... (on credit) 5, 245. 00 All of the above payments were made by check and all amounts received were paid into the bank upon receipt. The stock on hand on December 31, 1915, was agreed by the partners as worth $17, 000. 00. The outstanding rent due to Benjamin & Lewis for December, $300. 00, and the partners drawings for the same month must be provided for. After making all adjustments provided for in the clauses of the partnership agreement, balance the books as at December 31, 1915, and prepare trial balance.

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