Practice Data
(Figures at beginning of paragraphs signify September dates.)
September 27. Sold Smith Brooks Stationery Co. at 2/5, 1/10, tables and desks $1,200, bookcases and filing cabinets $1,150, office supplies $175.
28. Paid B. A. Franklin Press bill of May 2, $850.
29. Brush Co. paid their note of July 29, $500 with interest $5. The board of directors authorized the purchase of a piece of land lying outside the city limits, with good shipping and warehouse facilities, to be used as a site for a factory for the manufacture of Knoxfrauds, paying the Hoboken Development Co. $10,000 cash (with the current year’s taxes of $75 unpaid and due the City of Hoboken, February 1, 1916), and $125 to J. N. Hicks for fees in connection with special search of title and recording of deed. Plans and specifications which Noble had had prepared six months ago when negotiations with him had been opened by Jackson in behalf of the Jackson, Edwards, Hansen firm were adopted and ordered, placed with contractors for bids to be received not later than October 6, the board reserving the right to accept any or reject all bids.
30. Sold Brush Co. at 2/5, 1/10, tables $1,475.80, bookcases $723.85, office supplies $340. Paid salesmen’s salaries $2,500; commission to salesmen $500; salesmen’s traveling expense $1,500; in-freight and delivery $525.69, delivery expense $200; rent September 15 to October 15, $250; receiving and shipping room expense $150; sundry office expense $100.25; office salaries $600; advertising $275; petty cash voucher $137.10, of which $45.50 was for telegraph, telephone and postage, $50 for office stationery, $25 for sundry selling expense, and $16.60 for sundry office expenses. Cash sales for the month were: office supplies $1,325.40, bookcases $2,150, desks and tables $4,250.
Summarize and post completely all books of original entry. (See Volume I, page 431, for general journal summary.) Take a trial balance, recording it in the first two columns on pages 58-60, “Journal Blank.” Enter all accounts—whether needed for this trial balance or not—in the order in which they are carried in the general ledger. Leave bottom and top lines free for totals and forwarding where necessary.
Instructions
September 29. Record the accrued taxes on land in the general journal as a liability to the City of Hoboken.
30. Distribute the cash sales through the sales journal, entering only the total for all departments in the cash book.