Cyclopedia of Commerce, Accountancy, Business Administration, v. 04 (of 10)

by American School of Correspondence

The following transactions are recorded during the month of March:

—March 1—
Deposited in Second National Bank	$7,000.00
—March 1—
Bought from National Fixture Co.
Store fixtures	2,000.00
Invoice #1
—March 1—
Bought from John C. Morrison, Buffalo
Men's shoes	135.00
Invoice #2
—March 1—
Bought from Hoyt & Co., Rochester, N. Y.
Women's shoes	127.50
Children's shoes	84.00
	———
	211.50
Net 60; 2% 10.
Invoice #3
—March 2—
Sold to R. H. Wallace, 842 Delaware Av.
1 pr. men's shoes	6.00
1 pr. men's slippers	2.50
	———
	8.50
—March 2—
Sold to D. H. Lyon, 416 Niagara St.
1 pr. women's	3.50
1 pr. women's	4.00
1 pr. children's	2.00
	———
	9.50
—March 2—
Sold to Henry Norris, 297 Madison Av.
1 pr. men's	5.00
1 pr. children's	1.25
1 pr. children's	1.50
	———
	7.75
—March 2—
Sold to R. H. Homans, 427 Lafayette Av.
1 pr. women's	5.00
—March 2—
Sold for cash
Men's	44.00
Women's	37.50
Children's	22.00
	———
	103.50
—March 3—
Sold to H. J. Watson, 197 Locust St.
2 pr. men's	15.00
1 pr. women's	5.50
	———
	20.50
—March 3—
Sold to H. J. Meyer, 82 Bennett St.
1 pr. children's	1.50
1 pr. children's	2.00
1 pr. women's	3.50
	———
	7.00
—March 3—
Paid Hoyt & Co. bill by check
Less cash discount.
—March 3—
Deposited in Second National Bank	75.00
—March 3—
Paid freight on shoes in cash	2.60
—March 3—
Sold for cash
Men's	30.00
Women's	24.00
Children's	15.00
	———
	69.00
—March 4—
Bought from Lee & Co., Rochester
Women's shoes	140.00
Net 30.
Invoice #4
—March 4—
Sold to D. Andrews, 84 Peck St.
1 pr. men's	3.50
1 pr. men's	5.00
1 pr. women's	4.00
	———
	12.50
—March 4—
Sold to Jas. Hayes, 519 Washington St.
1 pr. women's	3.50
1 pr. children's	2.00
1 pr. children's	1.25
	———
	6.75
—March 4—
Sold for cash
Men's	27.00
Women's	32.00
Children's	12.50
	———
	71.50
—March 5—
Sold to R. D. Nelson, 842 Niagara St.
1 pr. men's	6.00
1 pr. women's	5.00
	———
	11.00
—March 5—
Sold to D. Needham, 47 Ames St.
1 pr. men's	3.50
1 pr. women's	2.50
1 pr. children's	1.50
	———
	7.50
—March 5—
Sold for cash
Men's	31.50
Women's	26.00
Children's	11.00
	———
	68.50
—March 6—
Deposited in Second National Bank	200.00
—March 6—
Sold to D. B. Wright, 47 Andrews St.
1 pr. men's	5.00
—March 6—
Sold to H. N. Hoyt, 821 Delaware Av.
1 pr. women's	5.00
1 pr. children's	2.50
	———
	7.50
—March 6—
Sold to Amos Wiggins, 92 Prospect St.
1 pr. men's	5.00
1 pr. women's	3.50
	———
	8.50
—March 6—
Sold for cash
Men's	52.00
Women's	36.50
Children's	18.25
	———
	106.75
—March 6—
Paid clerk hire, cash	9.00
—March 6—
Gave checks as follows:
Horace Douglas	20.00
Henry Kemp	25.00
—March 8—
Sold to D. Altman, 127 Wright St.
1 pr. men's	6.00
Gave him check	44.00
Credited his account for 1 mo.'s rent	50.00
—March 8—
Sold to R. H. Homans, 427 Lafayette Av.
1 pr. men's	6.00
—March 8—
R. H. Wallace paid his account in full.
—March 8—
Paid account of John C. Morrison by check
—March 8—
Sold for cash
Men's	25.00
Women's	18.00
Children's	10.50
	———
	53.50
—March 9—
Sold to Walter Jenks, 87 South Av.
1 pr. men's	6.00
1 pr. women's	4.00
1 pr. children's	2.00
	———
	12.00
—March 9—
Sold to D. W. Mantel, 419 Delaware Av.
1 pr. women's	5.00
1 pr. children's	2.50
	———
	7.50
—March 9—
Sold to D. C. White, 1160 Main St.
1 pr. men's	5.00
1 pr. men's	3.50
	———
	8.50
—March 9—
Sold to A. R. Crows, 40 Shaw St.
1 pr. women's	3.50
—March 9—
Sold for cash
Men's	54.00
Women's	41.50
Children's	20.50
	———
	116.00
—March 9—
Deposited in Second National Bank	275.00
—March 10—
Sold to Henry Brown, 87 Douglas St.
1 pr. men's	6.00
1 pr. women's	4.00
	———
	10.00
—March 10—
Sold to D. L. Benedict, 80 Adams St.
1 pr. women's	3.50
1 pr. children's	2.00
1 pr. children's	1.50
	———
	7.00
—March 10—
Sold for cash
Men's	48.50
Women's	39.00
Children's	16.50
	———
	104.00
—March 11—
Sold to D. H. Lyon, 416 Niagara St.
1 pr. men's	6.00
—March 11—
Received from Henry Norris, cash	7.75
—March 11—
Sold to D. B. Wright, 47 Andrews St.
1 pr. women's	3.50
1 pr. children's	2.00
	———
	5.50
—March 11—
Sold to H. J. Meyer, 82 Bennett St.
1 pr. men's	3.50
—March 11—
Sold for cash
Men's	42.00
Women's	39.50
Children's	11.00
	———
	92.50
—March 12—
Deposited in Second National Bank	195.00
—March 12—
Sold to D. L. Benedict, 80 Adams St.
1 pr. men's	5.00
—March 12—
Sold to H. A. Fisher, 42 Lyons St.
1 pr. women's	4.00
1 pr. children's	1.50
	———
	5.50
—March 12—
Sold to Andrew Winters, 476 Delaware Av.
1 pr. men's	6.00
1 pr. children's	2.50
	———
	8.50
—March 12—
Sold for cash
Men's	51.50
Women's	43.00
Children's	17.75
	———
	112.25
—March 13—
Bought from Rochester Shoe Co., Rochester
Men's shoes	265.00
Women's "	220.00
Children's "	98.50
	———
	583.50
Net 30; 2% 10.
—March 13—
Sold to D. Altman, 127 Wright St.
1 pr. women's	4.00
1 pr. children's	2.50
1 pr. children's	2.00
	———
	8.50
—March 13—
Sold to D. Alton, 46 Eastern Av.
1 pr. men's	5.00
1 pr. women's	3.50
	———
	8.50
—March 13—
Sold for cash
Men's	67.00
Women's	52.00
Children's	29.00
	———
	148.00
—March 13—
Paid clerk hire	9.00

Henry Kemp wishes to retire from the business. His partners, Benton and Douglas, agree to pay him cash for his interest. To close the books, each partner is credited with one-half a month's salary, and the amount is charged to expense. The inventory shows the stock to be:

Inventory
Men's shoes	$759.75
Women's	835.75
Children's	519.00
	————
	$2,114.50

Journal Showing Opening Entries for a Partnership