| —Feb. 11th.— | ||
| Paid Altman & Sons | ||
| To balance account | ||
| Ck. No. 9 | $350.00 | |
| —11th— | ||
| Paid Garson & Co. | ||
| To balance account | ||
| Ck. No. 10 | 175.00 | |
| —11th— | ||
| Sold to Daniels & Dean, Boone, Ia. | ||
| 10 men's suits | $7.50 | $75.00 |
| 10 men's suits | 6.75 | 67.50 |
| 20 boys' suits | 2.00 | 40.00 |
| 182.50 | ||
| Terms 2/10 N/30 | ||
| —11th— | ||
| Sold to A. C. Petersen, Nevada, Ia. | ||
| 10 men's overcoats | 8.50 | 85.00 |
| 10 men's suits | 7.00 | 70.00 |
| 155.00 | ||
| Terms 2/10 N/30 | ||
| —11th— | ||
| Received from D. A. Marcus & Son | ||
| Cash | 139.65 | |
| Discount 2% | 2.85 | |
| —11th— | ||
| Sold for cash | ||
| 20 boys' suits | 1.75 | 35.00 |
| 20 men's pants | 2.00 | 40.00 |
| —12th— | ||
| Received from John Gorham | ||
| Cash 132.30 | ||
| Discount 2% 2.70 | ||
| —12th— | ||
| Sold to Henry Cook, Iowa Falls, Ia. | ||
| 5 men's suits | 8.00 | 40.00 |
| 5 men's suits | 5.75 | 28.75 |
| 5 boys' suits | 2.00 | 10.00 |
| 5 boys' suits | 1.75 | 8.75 |
| 87.50 | ||
| Terms 2/10, N/30 | ||
| —12th— | ||
| Sold to James Adams, Dennison, Ia. | ||
| 15 men's suits | 7.00 | 105.00 |
| Terms 2/10, N/30 | ||
| —12th— | ||
| Received from Geo. Golden | ||
| Cash | $150.00 | |
| —13th— | ||
| Sold to D. A. Marcus & Sons | ||
| 10 men's pants | 2.00 | 20.00 |
| 10 boys' suits | 1.75 | 17.50 |
| 37.50 | ||
| Terms 2/10, N/30 | ||
| —13th— | ||
| Paid freight on shipment to | ||
| Henry Cook | ||
| Ck. No. 11 | 3.65 | |
| Charge to Cook | ||
| —13th— | ||
| Deposited cash | 824.45 | |
| —13th— | ||
| Sold to S. H. Allen, Mason City, Ia. | ||
| 30 men's pants | 1.75 | 52.50 |
| Terms 2/10, N/20 | ||
| —14th— | ||
| Paid Adler & Co. | ||
| Ck. No. 12 | 303.12 | |
| Discount | 9.38 | |
| —15th— | ||
| Sold to Marx & Sons, Charles City, Ia. | ||
| 10 boys' suits | 2.00 | 20.00 |
| 10 men's suits | 7.00 | 70.00 |
| Terms 2/10, N/30 | 90.00 | |
| —15th— | ||
| Received from H. A. Branch | ||
| Cash | 52.50 | |
| —15th— | ||
| Received from Larson & Anderson | ||
| Cash | 78.75 | |
| —16th— | ||
| Paid H. D. Snyder | ||
| 1 week's salary | $37.50 | |
| Ck. No. 13 | ||
| —16th— | ||
| Paid H. D. Snyder | ||
| Traveling expenses | 17.65 | |
| Ck. No. 14 | ||
| —16th— | ||
| Deposited cash on hand | 131.25 | |
| —16th— | ||
| Paid D. E. Jenkins | ||
| For cartage on shipments | 2.50 | |
| Ck. No. 15 | ||
EXERCISE
1. Prepare a trial balance of the ledger as it would appear after posting these transactions.
2. Assuming that gross trading profits average the same per cent of selling prices as in former transactions of this business house, find approximate inventory at close of business Feb. 16th.
3. Prepare trading and profit and loss account, based on this inventory.
Order and Sales Records
Order and Sales Records
