Accounting theory and practice, Volume 2 (of 3)

by Roy B. Kester

16. Bought of P. J. Johnson Mills Co., at 2/10, n/30, tables $3,085.95, bookcases and filing cabinets $5,293.85, office supplies $1,750.90.

18. T. J. Stewart Office Specialties Co. paid their bill of July 20, $319.45. Sold Alexander Jacobs Co., at 1/30, n/60, desks $1,465.85, bookcases $625.95, office supplies $145.60.

19. T. C. Macie & Co. paid their bill of September 9, $2,191.05 less $21.91 discount.

21. Sold Saxon Edwards at 2/5, 1/10, tables and desks $1,327.85, bookcases $842.60, office supplies $222.60.

24. Sold Field & Co. at 1/30, n/60, tables and desks $1,825, bookcases and filing cabinets $735, office supplies $246.

25. Saxon Edwards paid on account $500.

26. Bought of B. F. Brainard & Co., at 1/30, n/60, desks $4,675, filing cabinets $5,080, office supplies $1,280. Jno. Bach & Sons paid bill of September 15, $2,646.50 less $52.93 discount. Paid P. J. Johnson Mills Co. bill of September 16, $10,130.70 less $202.61 discount.

Instructions

For the transactions of September, the cash disbursements journal will be operated as a full posting medium, i.e., all charges for cash paid out will be posted from it.

VIII