Twenty Twenty Minute Lessons in Bookkeeping

Cover Twenty Twenty Minute Lessons in Bookkeeping
Twenty Twenty Minute Lessons in Bookkeeping
Frank Loomis Beach
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$20. 00 Mar. 3 J..
$1250 J 70. 00 J..
4. O. OO 31 J P. & L.
28. 75 4.
J-.
6. 25 31 J 6O. OO ROSS & CO.
Mar. 2 J, $70. 00 Mar. 3 J .
R. E. COLT $40. 00 102 APPENDIX SALARY EXPENSE Mar. 4 J $25. 00 Mar. 31 J P. & L. $25. 00 LIGHT EXPENSE Mar. 5 J, $2. 00 Mar. 31 JP. &L. $2. 00 RENT INCOME Mar. 31 JP. &L. $5. 00 | Mar. 6 J $5. 00 MERCHANDISE (new account) Mar. 31 J $60. 00 PROFIT AND LOSS Mar. 31 J Salaries $25. 00 J Lights 2. 00 J Prop.
Acct.. . 6. 75 Mar. 31 J Mdse. . $28. 75 J Rent Income 5. 00
... The trial balance before closing the various force ac- counts into the Profit and Loss account will appear as follows: March 31 Dr. Cr.
Cash $123. 75 $97-00 Harry Smith, Proprietor . . . 100. 00 Store Building 50. 00 ANSWERS TO PROBLEMS 103 Merchandise (old account) 90. 00 118. 75 Ross & Co 70. 00 R. E. Colt 40. 00 Salary Expense 25. 00 Light Expense 2. 00 Rent Income 5. 00 Merchandise (new account) 60. 00 $390. 75 $390-75 The trial balance after closing the force accounts is given below. You will see that in this trial balance we show only the difference between the debits and *X^ t ^-^ ta -*^^s ta x-%^ % ' y ^I, ^N_x^ - ^% w _X^ c; ^ " ^*--^ >^ % ^-'"~"s fc -X^V--^-^ x-g x-^_^^^^ p ^^^ credits.


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