When posting, make the sales ledger self-balancing and take a trial balance of it, recording it on page 61, journal blank. (See Volume I, page 420, for method of making ledger self-balancing.)
Verify the balance of Vouchers Payable account by checking against the Unpaid Vouchers column of the voucher register.
Instructions
Charge office supplies drawn from stock to Stationery and Printing.
Pay-roll checks are usually drawn to the order of treasurer or other company official. Make the necessary distribution in the voucher register.
Bookcases, $500, returned to Brickley Desk Co. are priced at billed price, i.e., the net credit allowed us will be $490 ($500 less 2%). Be careful to make the proper voucher register entry, as three columns are affected, viz., Vouchers Payable, Purchase Discount, and Bookcases and Filing Cabinets Purchases.
It should be noted that wherever an allowance is made, the figure given in the practice data will always be the gross figure, unless specifically stated otherwise.
Charge credit information cost to Sundry Office Expense.
XI
Practice Data