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104 BOOKKEEPING

3. Deposited in the Scholastic Bank 20 x 81, 15 x'$2, 100 x $5, 200 x $10, 21 x $50, 3 x $100, coin $35, cheques $25 and $40

Sold M N uth for his cheque, 30 yds. Tweed @ 80c.; 50 yds. Velvet @ $1.
Sold R. Gray, 1 suit Clothes $25 ; received in payment his 'order on M. Conway.
The proprietor withdrew for private use, $100 per cheque.
Bought from M. Conway on a/c, 4000 yds. Towelling @ 9c.; 200 yds. Silk @ $1.75; 300 yds. Black Velvet @ 90c.; 500 yds. F. Cotton @ 4c.}
Paid S. Bates for repairs to store, $15 cash.
Settled Bills Pay. # 1 with cheque, $150.
Received from R. Swinton on a/c, an order on P. Davis for $50.
Sold M. Cross on his note at 60 days, Store and Lot for $1800.
Rented Store # 50 Colborne Street from S. Powel, at $30 per month.
Gave M. Conway on a/c, an order on R. Swinton for $30 in goods from his store.
Sold W. Tennant on his note at 10 days, 500 yds. Print @ 10c.; 200 yds. F. Cotton @ 5c.
R. Swinton paid cash on a/c, $80.
Paid M. Conway on a/c per cheque, $800.
The proprietor took for private use, 1 suit Clothes, $30.
Error in making change from cash drawer, $4.25, lost.

22. Bought from A. McIntyre S; Co. per cheque, 10 doz. prs. Ladies' Silk Gloves @ $4 ; 100 doz. prs. Ladies' Cotton Hose @ $1.25 ; 10 doz. prs. Misses' Cotton Hose @ $1. Paid for Postage and Stationery, $1.20.

Sold M. Conway on a/c, 50 yds. Towelling @ 10c.; 30 yds. Silk @ $2.

Sold R. Swinton for cheque $30 and balance on a/c, 20 doz. prs. Ladies' Hose @ $1.50 ; 50 gross Cotton Thread @ $3.

Received from R. Swinton on a/c, his note at 30 days for $40, and cash $20. Deposited in bank, $580.

26. Sold W. Scott 10 prs. Ladies' Silk Gloves @ 50c.; 12 doz. prs. Ladies' Cotton Gloves @ $2 ; received in payment his order on R. Swinton.

Paid Insurance Premium, to the British America Assurance Co., per cheque, $15.

27. Bought from M. Conway 1000 yds. Assorted Prints @ 8c.; 100 yds. Can. Tweed @ 70c.; 20 gross Cotton Thread @ $2.50. Gave in payment cash $50, cheque $100, and note at 10 days for balance.

Sold R. Swinton a job lot of goods, $180 ; received in payment cash $80, cheque $70, and his note at 30 days for balance.

The proprietor paid from the cash drawer for 5 tons Coal @ $6, for his private residence.
W. Tennant paid his note of the 16th inst. with his cheque.

31. Loaned R. Swinton on a/c, $30 per cheque. Paid student's salary as bookkeeper, $30. Paid rent of store for March with cheque, $15.

INVENTORIES taken March 31, 19-. Asset Inventories :

11erchandise $1820.50

Expense—Office Furniture 127.00
Results.—Net Gain, $385.O. ; Net Capital, $6825.05.

t The items of the purchases are given for making out the Invoices. Since the Invoices are always Bled, do not write the items in the Journal Day Book; write for example, "Bought from M. Conway on account, Mdse. as per Inv. #1."