Cyclopedia of Commerce, Accountancy, Business Administration, v. 04 (of 10)

3. Write up the accounts covering the following transactions, by the

single entry method: Nov. 16. Sold to James Stevenson 4 cords of wood, at $4.75 per cord. Sold to Andrew White 2Â½ tons of coal, at $6.00 a ton. Nov. 17. Sold to Wm. Johnson 1 ton of coal, at $7.00 a ton. Nov. 19. Received from James Stevenson $12.00 cash, to apply on account. Nov. 20. Received from Wm. Johnson $7.00 in payment of account.

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Chapter 1 Ch.1
PART I Ch.2
1. Bookkeeping is the art of recording the transactions of a business Ch.3
6. There are but two methods or systems of bookkeeping, and they are Ch.4
7. As the name indicates, single entry is a single record of the Ch.5
8. Double entry is a system of making two entries (or a double record) Ch.6
11. _Account books_ are ruled with special forms which adapt them Ch.7
1. On journal ruled paper, which can be procured at any stationer's, Ch.8
2. Write up the account of John Doe, showing also the accounts Ch.9
3. Write up the accounts covering the following transactions, by the Ch.10
4. Write up the same accounts by the double entry method, using a Ch.11
12. Account books are of two classes: (_a_) those in which complete Ch.12
PART II Ch.13
1. After you become familiar with each entry and the nature of the Ch.14
2. Journalize the following transactions: Ch.15
1. From the copy of the journal (Article 66) which you have made, post Ch.16
2. Post the transactions from the journal you have made (Exercise 2, Ch.17
3. Make a trial balance of the ledger accounts. Ch.18
90. The note returned to us is $2,010.00, that being the amount of Ch.19
introduction of many labor-saving methods and devices. One of these now Ch.20
4. Submit the journal entries to be used in apportioning the profits, Ch.21
5. Submit proper entries when Kemp's interest is purchased, assuming Ch.22
6. Submit trial balance of ledger of Benton & Douglas as the accounts Ch.23
1. Show all entries required to complete the liquidation of this Ch.24
2. At the final settlement, how much cash does each partner receive? Ch.25
1. A corporation is organized with a capital of $50,000.00, divided Ch.26
2. _A_, _B_, and _C_ organize a corporation with an authorized Ch.27
3. John Davis and Daniel Greene own the La Belle mine, and to secure Ch.28