The receiving and shipping room quarters were also removed to the warehouse. On March 1, a portion of the warehouse was sublet at a monthly rental of $40 payable in advance. Enter a receipt of $280 under date of August 31, 1916. Services of A. Pinkerton for $20 a month beginning March 1 were secured to watch store, warehouse, and factory. Record on August 31, 1916, a payment of $120.
It was decided to close out the division of sundry office supplies and dispose of the balance on hand October 31 at a lump sum.
Instructions
February 1. Refer to Practice Data VIII for the original booking of this item.
March 1. Charge the interim dividend to Dividend account, since there is no Surplus on the books against which to charge it.
June 15. No entry will be made of the Boston Office Co. consignment. (A memo entry in the journal may be made, if desired. This would consist merely of a statement of the receipt of the goods, with no extension of amount into the money column.)
July 1. Handle the Jno. Bach bankruptcy with care. The basis for the entries indicated rests on the original sale agreement between the Acme Office Furnishings Co. and Jackson, Edwards, Hansen, Vendors. (See Practice Data V.)
August 15. Record the discounted note for $10,000 as usual. Be careful not to post the discount twice. All expenditures are cash items.
August 31. Charge A. Pinkerton’s salary to Warehouse Expense. This is not quite accurate, but sufficiently so.
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