PURCHASE AND SALE OF OWN GOODS
55. When the commission merchant is also a wholesaler, the purchases and sales are treated on the books exactly as they would be if he was not a commission merchant. The books and accounts required are the same as those of any other wholesale merchant.
SAMPLE TRANSACTION
56. The following transactions include the shipments used in the last model set, but treated from the standpoint of the commission merchant.
| —Nov. 3, 1908— | |
| Received from John Doe to be | |
| sold for his account: | |
| 220# chickens | |
| 98# ducks | |
| Lot No. 1 | |
| —4th— | |
| Received from John Doe to be | |
| sold for his account | |
| 95 cs. eggs, 2,850 doz. | |
| Lot No. 2. | |
| —4th— | |
| Sold for cash | |
| 100# chickens (Lot 1) @ .16 | $16.00 |
| —4th— | |
| Sold to Sweet & Co. on a/c | |
| 110# chickens (Lot 1) @ .16 | 17.60 |
| —4th— | |
| Sold for cash | |
| 100# ducks (Lot 1) @ .17¼ | 17.25 |
| —4th— | |
| Paid expense on lot #1 | $1.60 |
| —4th— | |
| Rendered Account Sales, with | |
| remittance for Lot #1, commission 3% | |
| —5th— | |
| Sold for cash | |
| 20 cs. eggs., 600 doz., @ .18 (Lot 2) | 108.00 |
| —5th— | |
| Sold to Gaston & Co., 156 Hammond St. | |
| 20 cs. eggs., 600 doz., @ .20 (Lot 2) | 120.00 |
| —5th— | |
| Sold to Francis & Gates, 948 37th St. | |
| 30 cs. eggs, 900 doz., @ .19 (Lot 2) | 171.00 |
| —5th— | |
| Sold to H. B. Niles, 364 Fuller Ave. | |
| 25 cases eggs, 750 doz. @ .19 (Lot 2) | 142.50 |
| —5th— | |
| Paid expense on Lot #2 | 7.13 |
| —5th— | |
| Rendered account sales for | |
| Lot #2, commission 3%, crediting | |
| amount to shippers' account. | |
| —5th— | |
| Received from John Doe to be | |
| sold for his account | |
| 200# Turkeys | |
| Lot #3 | |
| —5th— | |
| Paid expense on Lot #3 | 1.25 |
Commission Merchant's Receiving Book, Journal and Sales Book
Commission Merchant's Cash Journal
Commission Merchant's Consignment and Sales Ledgers
Commission Merchant's General Ledger