16 BOOKKEEPING Exercise No. 8.
Journalize; post, balance, and close Cash Account, making it a continuation of Cash Account in Exercise No. 7. What is the balance called 3
Kingston, October 1, 19-. Pupil invested extra cash $600.50. 8. Gave R. Moore on account, cash $100.
15. Bought Mdse. for cash, $300. 22. Sold Mdse. for cash, $200.50.
26. J. Mason paid on account, cash $100. 28. Paid R. Potter on account, cash $200.
31. Bought Mdse. for cash, $50.
24. Bills Receivable.
Other persons' notes and acceptances are called Bills Receivable. The following is K. Spiers' promissory note, in which he promises to pay the amount specified :