December 27. Record the Willis, Dickson, Inc. undercharge in the sales journal.

The entry of cash purchases is similar to that of cash sales.

XXI

Dec.
29.Upon presentation at the office of Willis, Dickson, Inc., the
draft due December 27 was paid with the protest charge.
Bought from Library Bureau, 1/10, n/30, $3,297 (B),
with in-freight $269.87.
Made partial payment to Yonkers Carpet Works $300.
30.Bought of Sundry Creditors, n/30, $11,816.80 (A),
and $16,519.70 (B).
Sold Sundry Customers, n/30, $32,279.90 (A),
and $26,819.40 (B).
Yonkers Carpet Works paid their invoice of
December 20 less 1%.
Received cash from sale of old showroom fixtures
$1,450. The fixtures cost $2,500 five years ago
and have been depreciated at the rate of 10%
per annum since that time.
Received a check for $317.90 from Standard Truck Co.;
and checks and cash from Sundry Customers $53,606.97,
less $897.48; to one of whom we issued check for $25
due to inability to make change.
31.Reimbursed petty cash for cash vouchers $116.80, and
distributed same: $62.40 to Sales General Expense;
$23.10 to Office Expense; and the balance to General Expense.
Paid Sundry Creditors, invoices of $29,467.45,
less $842.90 discount.
Paid sales salaries $4,200; salesmen’s traveling expense
$3,872.80; sales general expense $748.45; general
salaries $3,764.90; advertising for January $2,000;
general expense $1,714.92; office expense $482.70;
interest and bank expense $86.80; office supplies $287.95.

The statement from the bank as of December 31 showed the following:

Items not entered on the Business Equipment Corporation books:

Checks outstanding:
#1296,  $1,347.60
#1314,75.80
#1315,16.82
#1318,192.47
#1329,181.64
#1331,296.70
#1342,897.60

A check from a sundry customer for $100, deposited on December 30, was returned by the bank as uncollectible. The company had not yet been informed of this.

Balance by bank was $14,848.73.