Ex. 12.

to deposit. Ex. 13. fee of $300. Ex. 14.

I lost a $20 gold piece when on my way to the Bank

Paid to T. C. Willard our Attorney at Law, his annual
Cash.

Received from S. W. Gaines, Administrator of my uncle's estate, the titles to the following named property: An eightstory stone and brick office, building situated on the corner Superior Street and Public Square, valued at $450,000. No Encumbrance. One two-story stone and frame residence situated and known as 1390 Euclid Ave., valued at $80,000 on which there is a mortgage in favor of the East End Saving Bank Co., for $20,000. One hundred shares of the capital stock of the Cleveland Electric R. R. (par value $100) and cash $5000.

Ex. 15. Bought a sight Draft on Drexel Morgan & Co., N. Y. for $975, Exchange 14% and remitted to Stern Bros. to balance

account.

Ex. 16. Brown, Smith & Co. have assigned. I receive from the assignee on their Note of $974.50 in my favor, 50c. on the dollar in cash to settle in full.

Ex. 17. H. T. Pratt, Uniontown, Pa., has returned Merchandise as per invoice $170. I paid freight and expressage, $5.

Ex. 18. I have drawn a sight Draft on P J. Jones, for $5000 and sold it to Tom Piper at 4% discount and received my own Note for $4500 and the balance in cash.

Ex. 19. I owe S. 'Ewart & Co., Pittsburg Pa., for net proceeds of shipment and wish to remit. Total sales $7000, Com. 32%, exchange 12%, premium on Bank exchange which I purchased for cash. Powers is

Ex. 20. I am endorser on Power's Note of $1000. able to pay but half of it. I pay the balance in cash.

Ex. 21. The First National Bank discounted my note at 90 days for $1500 at 6% placing the same to my credit. I deposited with the bank, as security, three $1000 4% U. S. Bonds.

Ex. 22. Bought Merchandise of Jno. Ressler as per bill $1000. Gave in payment my note at 30 days for $400, Sight Draft on C. B. Hildreth, for $300, and balance on account.

Ex. 23. Received of Theo. Hohl, Springfield, Ohio, to balance account his check for $100. Note for $100 at 60 days. Interest 6% and E. R. Brewer's order on me for $50 for which Brewer has credited me.

Ex. 24. I loaned $500 cash to Thos. Davis to be returned in 15 days. He left with me a $1000 U. S. Coupon Bond, as collateral.

Ex. 25.

Marshall & Co. have drawn on me at sight, for $300, in favor of Thomas & Beck. I refused to accept and returned the Mer

chandise bought of them.

Ex. 26. Keim & Harris have accepted my Sight Draft for $325 in favor of Roberts & Son to whom I remit.

Real Estate Wilson with

Ex. 27. Commenced business with cash $3000. $10,000, Merchandise $7500, Note for $1200 against J. interest accrued $10.50, Note for $600 against A. Mason with interest accrued $7.20, B. F. Miller owes on account $125, J. P. Keller owes $750. Owe on note to Mack & Co., $675 with interest accrued $15.75. Owe Brown Bros. on account $5000 and to H. C. Patterson $125. Ex. 28. Sold Dreyfus, Kohn & Co., New York, Merchandise amounting to $2148.60. Received in payment Dustin's Note at 4 months for $1000 with interest accrued to date for 2 months 15 days at 6%. Our own acceptance for $1000 at 60 days, 35 days past due including grace, on which we allowed interest at 10% per annum and the balance on account at 60 days.

Ex. 29. Bought for J. Wade 100 shares Brush Electric Stock at $150 (par $100) for which he paid me cash 4 of 1% on par value. Ex. 30. Kent finds that he made a mistake and posted a credit of $120 for F. P. Lewis, into Miller's account.

Ex. 31. Bought a house and lot from V. C. Taylor, paid cash $3500 and assumed a mortgage on the place for $1500 with $70 accrued interest and a claim of $600 held by James Young the builder. Required, the Journal Entries for yourself and V. C. Taylor.

Ex. 32. Black bought a farm of Brown, price $7800. Brown had mortgaged the farm for $5000. He has paid interest promptly and $1500 on the principal. Brown had twenty cows, three horses, one wagon, one carriage, with a Chattel Mortgage on them for $1000. Black buys the cows, horses, etc., allows Brown $200 for growing crops, assumes both mortgages and paid Brown $5500 in cash.

Ex. 33. H. H. Smith, owed me on account $250. F. M. Potter assumed the debt, paid $150 cash, balance charged to his account.

Ex. 34. Collected for Hower & Higbee, Cleveland, at % Com. their sight Draft on Braddock & King, of Mt. Pleasant, Pa., for $3000, and invested the proceeds at 14% Com. in a Draft on Henry Clews & Co., New York, paying 2% premium for exchange.

remitted Hower & Higbee, $....

.....? Com. for investing $...

...?

Face of Draft ? Com. for collecting $.........

Ex. 35. Deposit in Mercantile National Bank for collection P. T. Barnum's Note for $1000 with interest at 10%; W. J. Johnston's

Acceptance for $300, a Certificate of Deposit from Garfield National Bank, N. Y., for $1000, collection fee 14%, a sight exchange on U. S. National Bank, N. Y., $250, collection fee 1-10%. Our Sight Draft on W. H. Marker, Chicago, for $1000, and Perry's check on Manufacturers National Bank of Springfield, Ill., for $675.10, collection fee %%.

Ex. 36. Sold Merchandise to J. P. King amounting to $369.84. Received in payment my Note favor F. May for $179.20 interest accrued thereon $4.09, and a Certificate of Deposit to balance account.

.?

Ex. 37. Paid our Note due to-day at City Bank for $3000 by giving a new Note at 60 days for $2000, and check for the balance including interest on New Note at 7%.

Ex. 38. Bought goods at forced sale amounting to $2950 for cash, and sold them before any entry was made upon the books for $3247 cash.

Ex. 39. Bought ten City of Cleveland Bridge Repair Bonds of $1000, each at $1075, bearing interest at 4%. Paid cash.

Ex. 40. Sold Burrows & Bosworth 50 Doz. Knives at $5. Received in payment C. A. Case's Note for $279 with accrued interest $2. Paid the difference in cash.

Ex. 41. T. B. Hood failed and assigned for the benefit of creditors. We have agreed to accept 33% on the dollar. Our claim, $3193.24 on which we received cash to settle, $........

lost $...............?

.? Balance

Ex. 42. Gould gave Vanderbilt a Draft at 20 days sight on Rockefeller for $15,000. When presented for acceptance, Rockefeller offered to cash it if Vanderbilt would allow discount on basis of 4%. Vanderbilt accepts, and Rockefeller pays cash. Required, Journal Entries for each party.

Ex. 43. Bought for cash ac 14% premium, a sight Exchange on Brown Bros. for $1829.68. Remitted same to Peck & Co. to pay our acceptance.

Ex. 44. Commenced business with Merchandise $3000, Cash $4000. Notes against sundry persons amounting to $1570. Account against H. B. Wright $950, Wm. Wood $406, Real Estate $2500. I owe on outstanding Notes $3900, an Account due R. Thomas $1200, Wm. Edwards $640.

Ex. 45. Slade & Potter, who have been doing business as partners, and wishing to preserve from their book-keeper a knowledge of the amount of capital possessed by each, have kept their separate

Stock Accounts in a Private Ledger, having in the Public or General Ledger a general Stock account representing the united capital of both partners. But as there exists no longer any reason for observing this privacy, they have decided to close up the General Stock account in the general Ledger, and open in its stead separate accounts with each. partner. Balance of Stock account in general Ledger $20,000, Slade's account in Private Ledger showing a balance of $12,000 and Potter $8000. What Entry?

Ex. 46. Paid the watchman $5 for his prompt and daring work in extinguishing fire in warehouse.

Ex. 47. Received from Carter & Co. a Sight Draft on Phila. in settlement of invoice of the 18th inst., for $700 less 5% for cash 10 days.

Ex. 48. Paid Smith's Sight Draft on me for $509, favor State National Bank with Cash.

Ex. 49. Redeemed with cash my 6 month note, favor A. Jones for $500 and interest at 6 %. $...............?

Ex. 50. Collected for Marshall, Field & Co., Chicago, their Sight Draft on Hower & Higbee this city, for $3000. 2%, proceeds to the credit of Marshall, Field & Co.

Collection fee $.....?

CHAPTER TWO.

Ex. 51. A. R. Duncan took out an open policy of Insurance May 1, '93 in the National Insurance Co. giving Demand Note for $1300 and Interest 6%. Premiums on Shipments amounted to $1175 during the season. Duncan settles with the Insurance Co. Nov. 4, '93, paying cash in full of all demands.

Ex. 52. McKinley bought Merchandise of Pattison amounting to $565.32, gave in payment Smith's note at 6 months for $200, 4 months 23 days accrued Interest at 7%, Forakers 30 day acceptance for $175 due in 27 days at its present worth, Interest 6%, and a sight draft on Grover Cleveland for balance.

Ex. 53. I have a certificate of Deposit on the Pacific National Bank, San Francisco, Face of Certificate $10,000. In New York this paper is at a discount of 1%. I exchange this Certificate for a sight Exchange on Western National Bank, Denver. The Market Value of this sight exchange is the same as the Market Value of the Certificate, but the exchange is at a discount of 1-10 of 1%.

Ex. 54. White bought Merchandise of Black for $1079, gave in payment Black's acceptance for $590 and paid the difference in cash. Black's Entry.

Ex. 55. James Hoke began keeping our books April 1, '93 at $60 per month. We discharged him for carelessness and negligence, October 1, '93. He has taken goods amounting to $50. Cash $190 on account. We charged him with a Ledger that he spoiled $18, charged him 7 days lost time at $2.25 and paid him cash to balance account. Show his Ledger account as it should stand with proper entries.

Ex. 56. Gould, Vanderbilt and Astor are partners,sharing L.&G. in proportion to Inv. Gould has in the business $20,000. Vanderbilt $10,000, and Astor $15,000. Vanderbilt doubts the ability of Rockefeller to pay his account, and offers Gould his interest in the account for 2 of the amount. Gould accepts, and gives Vanderbilt his check. Rockefeller's Bill is $300. Required the entry on the firm's books.