Cash Book—Be careful to indicate by some distinctive mark all interest and discount items recorded in the Sales Discount column. No purchase discount on paid vouchers is given inasmuch as the cash book record of it is merely a memo, although providing data for checking the amount of unearned discount at the close of a period. It will doubtless be found that in this summarized method of stating transactions much detailed information is omitted (because not absolutely essential), that would be available under ordinary conditions.
Journal—Treat stationery taken from stock as a credit to Sundry Office Supplies Sales; this is not included in the sales journal data given above.
Voucher Register—For the sake of saving space, run all these transactions through on one voucher, using just one line for the entry, except in Sundry column, where use as many as are needed. $100 of Noble’s salary comes out of building fund cash, as indicated on page 675.
XIV
Practice Data
Summarize the various books and post completely. Be careful, in summarizing, to show any extraneous items recorded, for the sake of convenience, in theoretically improper columns or books.
XV
Practice Data
Take a trial balance of the general and sales ledgers and record them as usual.
XVI