2166
ARITHMETIC
Transactions.
Sept. 4, 1911, William Baxter buys of the Dwight Lumber Co., of Detroit, Michigan, on account
7500 shingles at $3.50 per M. 1450 ft. pine at $34.50 per M. 8250 ft. hemlock at $22.25 per M.
Sept. 20, 1911, Wm. Baxter buys of Dwight Lumber Co. on account 1500 ft. boards at $24.00 per M. 2750 cedar posts at $12.50 per C. Oct. 12, 1911, Wm. Baxter pays $115 on his account. Nov. 15, 1911, Wm. Baxter pays $45 on his account. Dec. 4? 1911, Wm. Baxter pa/ys the balance of his account. Eender an itemized account, Sept. 30, 1911. Render a statement, Oct. 31, 1911. Render a statement, Nov. 30, 1911. Receipt the last statement in full, Dec. 4, 1911.
When payments are made on an account, a receipt is given for the sum paid. The following was given to A. A. Evans: $5.00 Trenton, N. J., April 20, 1911.
Received of A. A. Evans, five dollars on account.
DAVID GRANT.
CASH ACCOUNT.
A cash account is a record of all money received and paid out. Put on debit side all money on hand or money received. Put on credit side all money paid out.
Balance a cash account in the same way as a ledger account. 1911 Cash. Dr. Cr.
Jan. 1 Cash on hand 225 00
5 Paid insurance 35 00
10 Received check 74 00
18 Paid telephone 3 40
24 Paid coal bill 48 00
28 Eeceived salary 195 00
Balance on hand_________ 407 60
Feb. 1 Balance brought forward 407 60
