3. Write up the accounts covering the following transactions, by the single entry method:
Nov. 16. Sold to James Stevenson 4 cords of wood, at $4.75 per cord. Sold to Andrew White 2½ tons of coal, at $6.00 a ton.
Nov. 17. Sold to Wm. Johnson 1 ton of coal, at $7.00 a ton.
Nov. 19. Received from James Stevenson $12.00 cash, to apply on account.
Nov. 20. Received from Wm. Johnson $7.00 in payment of account.
4. Write up the same accounts by the double entry method, using a merchandise account to represent all classes of merchandise sold.
CLASSES OF ACCOUNT BOOKS
12. Account books are of two classes: (a) those in which complete records of transactions, or complete accounts, are kept; (b) those which contain particulars of individual transactions which must afterward be transferred to books of the (a) class.
Books of the (a) class are known as principal books or books of record; that is, they contain the final or permanent record of an account.
Books of the (b) class are of two kinds: (ba) books of original entry; (bb) auxiliary books.