Voucher Register—Bought desks and tables $200,431.95, bookcases and filing cabinets $149,878.79, raw materials $62,749.63. Purchases discount was $4,290.89; in-freight and delivery $8,650; pay-roll, direct labor $99,475.50, indirect labor $11,900.17; engineers and firemen’s wages $5,125.67; building maintenance and repairs $200; machinery repairs $193.50; receiving and shipping clerks $1,550.20; assembling and setting up labor $500.80; salesmen’s salaries $173,790.25; traveling expense $91,475.89; salesmen’s commissions $79,612.40; delivery men $3,500; office salaries $15,900; patterns $1,250; factory work benches $75; experimental laboratory $2,500. Materials purchased for building maintenance and repairs $326.40, for machinery repairs $85, for patterns $550. Coal and water cost $11,193.40; sundry light, heat, and power expense $1,062.60; packing and shipping supplies $4,469.70; delivery expense, including motor-truck repairs and maintenance, $12,989.14; taxes for 1916 $585.43; factory supplies $1,124.17; sundry factory expense $750.28; royalties $875; insurance, including employers’ liability insurance for factory workmen, $2,277.45; warehouse expense $540; warehouse rent $850; sundry selling expense $2,196.40; rent $7,500; stationery and printing $2,310.17; telephone, telegraph, and postage $1,092.15; sundry office expense; $1,312.43; collection expense $1,025.43; interest and discount $902.20; bond interest $450; materials for laboratory $1,500; legal expense in defending patents $175; street and sewer improvement tax on factory site $525.60; advertising $123,470.10; notes payable paid $25,261.75; notes receivable discounted but protested and charged back, $1,260.50; advances to salesmen $1,500.
Sales Journal—Sales to sundry customers: desks and tables $290,721.15; bookcases and filing cabinets $204,422.20, Knoxfrauds $351,622.50. Cash sales were: desks and tables $91,213.10, bookcases and filing cabinets $71,253.20, Knoxfrauds $124,121.25. Sales returns and allowances were: desks and tables $10,192.50; bookcases and filing cabinets $8,269.10, Knoxfrauds $21,569.65.
Cash Book—Received: from cash sales as above; from Sundry Customers $624,736.74 less sales discount of $15,962.14; from interest $750; from notes receivable discounted $19,260.25 less bank discount of $210.25; from notes receivable $10,192.60; from rent income $160—the sub-lease on the warehouse was canceled because the room was needed for increased stock; from first call on outstanding subscriptions to capital stock $18,250, from second call $18,000. Disbursed: for vouchers payable $1,005,833.95.
Journal—Received notes from Sundry Customers $59,370.50. Gave notes to Sundry Creditors $45,000. Notes receivable discounted were paid by makers at maturity $12,379.60. Trade debts proved uncollectible from bankruptcy or other cause to the amount of $3,572.40.
Instructions
June 1. Charge the loss on sale of dynamo to Loss from Sale of Power Equipment. Accrued depreciation for 9 months must be taken into account. Run the neglected discount item through on a new voucher, making cross-reference to the original. Be sure to make proper distribution of it.
June 25. Call No. 2 is for $18,750.
Voucher Register. Make careful distribution of all items—particularly as between capital and revenue charges. Discounted notes receivable protested will be charged to Sundry Customers.
Journal. Make here also the entry necessary to complete the record of the discounted notes which went to protest, as indicated by the voucher register entry above.
XXII