Questions in Advanced Bookkeeping for Drill Test And Review

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Questions in Advanced Bookkeeping for Drill Test And Review
Isaac Price
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1543. 89 4 Notes Receiv. Jameson & Co. Note 150.
Interest 3-mo. J. & Co. Note 2. 25 5 Sales Cash Sales 350. 76 21 Notes Receiv. Wilkins Brothers 98.
Interest 60-day W. B. Note . 98 24 Notes Pay. Borrowed on 6-mo. Note 1000.
7152. 26 June 1 Balance Cash on hand 1546. 75 CASH DISBURSEMENTS credit side, cash book May 3 Saml. Eisen Bills April 1256.
Expenses Advertising 11. 45 6 Williams Co. Bill, March 4, 87. 50 7 Notes Payable Favor. Hull & Griooen 1250.
Interest Note, H. & G. -3-mo.
10 Expenses
...Stationery, etc.
Fixtures Showcases Sales Expenses Salesmen's expenses 25 Purchases 26 Murray & Co. Bills March 27 Salaries May 31 Balance 3. 75 25. 50 '110.
150.
25. 67 550.
2135. 38 1546. 75 7152. 26 24. The Sales Book is the record book for all sales made, whether on account or for cash. Cash sales or sales for small amounts for which no bills are rendered, are generally lumped together as one entry. The record shows the name and address of the buyer or purchaser, the terms of sale, the detailed items, the prices and the total amount of goods sold sale.


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