—4th— Sold to Harris & Rogers 12 men's corduroy coats 3.75 45.00 5 overcoats 8.00 40.00 85.00
—4th— Received from Frank Weitz Note at 30 days, 6% 234.00
—5th— Sent to D. Meyer & Bro. Ck. No. 2 $150.00
—5th— Received from Henry James Cash to apply on note 200.00 Cash for interest 1.75 $201.75 New note 30 days, 6% -------- 150.00
—5th— Bought from Adler & Co. 50 men's suits 6.25 312.50 Terms 3/10, 1/30, n/60
—5th— Paid salesman's salary Ck. No. 3 25.00
—5th— Drew for personal use Ck. No. 4 50.00
—7th— Sold to Henry Ames 20 men's suits 7.50 150.00 10 boy's suits 2.75 27.50 177.50 -------- —7th— Sold to Ackley & Son 10 boy's overcoats 3.00 30.00 10 boy's suits 2.75 27.50 57.50 -------- —7th— Received from Clayton & Co. Check to apply on acct. 200.00
—7th— Paid our note to H. Weir & Co. Check No. 5 450.00
—8th— Sold to H. J. Andrews 10 men's overcoats 8.00 80.00 12 men's corduroy coats 4.50 54.00 $134.00 -------- —8th— Paid express on shipment from Carson & Scott, Ck. No. 6 .90
—8th— Received from Henry Ames Cash on account 165.00
—8th— Sold for cash 1 job lot boy's clothing 87.50
—9th— Received from bank, check of Clayton & Co., protested for non-payment. Amount of check 200.00 Protest fees 2.50
—10th— Sold to Harris & Landis 10 men's overcoats 7.75 77.50
—10th— Sold to Frank Weitz 12 men's corduroy coats 3.75 45.00
—10th— Paid Carson & Scott Check No. 7 147.00 Discount 2% 3.00
—10th— Paid electric light bill Check No. 8 3.75
—10th— Received from Clayton & Co. Cash to redeem protested check $202.50
—10th— Inventory at close of business, Feb. 10 Men's clothing 1,898.75 Boy's clothing 1,247.75
Journal entries are to be made to get the accounts, as shown on Feb. 1st, recorded on the books. The transactions are properly entered in journal, cash book, sales book, and invoice register, and posted to ledger. The accounts in the general ledger are closed into trading, and profit and loss—the net profit is credited to proprietor's account—a trial balance is taken after the ledger is closed, and a balance sheet is made. Statements are prepared from sales and purchase ledgers, which agree with the balances of their controlling accounts. All accounts in the general ledger are properly ruled and balances carried forward.