It appears, therefore, that the question whether withdrawals are charged to the investment or a personal account is largely a matter of personal preference.

8. The opening entries having been made, the books are now ready for the recording of the regular transactions of the business. The following transactions are shown in the model set, but the blotter is omitted, all transactions being entered in the journal and cash book. The sample page of the blotter described in Article 3 is sufficient to illustrate its use.

SAMPLE TRANSACTIONS

9.

—Nov. 21—
Sold to Henry Norton on account,
10# sugar.05½$.55
2 cans corn .25
1 can peas.15
3# rice.30
———
1.25
—Nov. 21—
Sold to John Smallwood on account,
5# butter 1.00
4# lard.50
1 doz. eggs.25
———
1.75
—Nov. 21—
Cash sales14.10
—Nov. 22—
Sold to Harry Webster on account,
7 bars Lenox soap .25
1 pkg. gold dust.20
matches.15
¼ bbl. flour1.35
———
1.95
—Nov. 22—
Bought for cash
10 doz. eggs.212.10
—Nov. 22—
Cash sales 11.27
—Nov. 23—
Bought from H. Klink & Co., Buffalo, N.Y., on account,
278# hams.1130.58
200# lard.07½15.00
———
45.58
—Nov. 23—
Sold to F. W. Bradley on account,
2 bu. potatoes 1.60
—Nov. 23—
Sold to C. D. Glover on account,
1 bbl. apples 3.25
5 gal. vinegar 1.25
———
4.50
—Nov. 23—
Cash sales13.20
—Nov. 24—
Bought from John Smallwood on account,
100 bu. potatoes.6060.00
Paid him cash 25.00
—Nov. 24—
Sold John Smallwood on account,
2# cheese .32
1 bottle vanilla ext..35
1# coffee.35
1# tea.60
———
1.62
—Nov. 24—
Sold to A. C. Maybury on account,
1# royal baking powder .50
1# corn starch.10
1# soda.10
2 pkgs. jello.20
———
.90
—Nov. 24—
Cash sales15.10
—Nov. 25—
Paid Brewster & Co.
Cash 115.20
—Nov. 25—
Sold to L. B. Jenkins on account,
½# pepper .20
½# cloves.20
¼ bbl. flour1.35
———
1.75
Sold to D. E. Johnson on account,
12# ham.141.68
—Nov. 25—
Received from Henry Norton
Cash 26.25
—Nov. 25—
Cash sales13.00
—Nov. 26—
Sold to Wm. Bristol on account,
11# ham.141.54
1 qt. bottle olives .50
2# coffee.70
20# sugar.05½1.10
———
3.84
—Nov. 26—
Credit Wm. Bristol
1 month's rent 30.00
—Nov. 26—
Sold to C. D. Glover on account,
¼ bbl. flour 1.35
1# baking powder.50
7 cakes borax soap.25
———
2.10
—Nov. 26—
Paid clerk hire 8.00
—Nov. 26—
Cash sales 18.70
—Nov. 28—
Sold to H. N. Shaw on account,
1 bu. potatoes .80
1 doz. cans corn1.50
———
2.30
—Nov. 28—
Sold to Watkins Hotel Co., on account,
10 bu. potatoes.757.50
50# lard.105.00
20# ham.13½2.70
———
15.20
—Nov. 28—
Cash sales 9.45
—Nov. 29—
Bought from Lowell & Sons
500# sugar.04¾23.75
50 gal. molasses.3015.00
———
38.75
—Nov. 29—
Bought from Star Salt Co.
10 bbls. salt.808.00
—Nov. 29—
Sold to R. H. Sherman on account,
1# coffee .25
1# chocolate.45
1 qt. olive oil1.35
¼# ginger.15
¼# pepper.15
1 pkg. mince meat.10
2# lard.25
———
2.70
—Nov. 29—
Cash sales 14.35
—Nov. 30—
Received from F. W. Bradley
Cash 1.60
—Nov. 30—
Paid Warsaw Milling Co.
Cash 64.00
—Nov. 30—
Sold to John Smallwood on account,
1 bbl. salt 1.10
—Nov. 30—
Sold to D. E. Johnson on account,
10# lard.101.00
1# baking powder .50
1 pk. apples.35
———
1.85
—Nov. 30—
Bought for cash
5 bu. apples1.005.00
—Nov. 30—
Cash sales 17.90

Journal Entrees Recording all Transactions