Soulé's New Science And Practice of Accounts, Containing a Full Exposition, Elucidation, And Discussion of the Science, Practice And Details of Double Entry And Single Entry Book-Keeping ..

Cover Soulé's New Science And Practice of Accounts, Containing a Full Exposition, Elucidation, And Discussion of the Science, Practice And Details of Double Entry And Single Entry Book-Keeping ..
Soulé's New Science And Practice of Accounts, Containing a Full Exposition, Elucidation, And Discussion of the Science, Practice And Details of Double Entry And Single Entry Book-Keeping ..
Soulé, George, 1834-1926
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If it is preferred, I'reasury Stock, in the Opening Entry may be debited for only the 90%" of the unpaid subscribed Stock; and when the nnsubscribed Shares are subscribed, Treasury Stock would be debited, and Capital Stock credited; and when the Installments are paid, Cash would be debited and Treasury Stock credited.
TIIK TONOl K . KKKNDR. AND TIIK XAKli om* TIIK riKKINt;.
499 Digitized by Google STATEMENT AND CONDITIONS No. 2.
A Corporation is organized for running a City Railroad. The Capita
...l StoA is f 500,000. Fifty per cent, is paid in Cashy 25 per cent, is paid in NotcSy payable in six months J and 25 per cent, is payable in cash in ninety days. The Business is to commence as soon as the 50 per cent. Cash has been paid. A Treasury Stock and a Franchise Account are to be opened.
The following business transactions have been made : 1. An installment of 60% Cash and 25^V In Notes has been received. 2.
Buildings for Office, Stables, and Car Houses have been erected which cost $24,000 Cash.


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