C. U. C. p. ALUMNI JOURNAL 



81 



I have such a record. It inchides entries 

 sufficient to illustrate the principles involved 

 in almost any transaction that may come up 

 for treatment in the business life of the aver- 

 age pharmacist. 



I will read three days of this record : 



December i. Began business with a capital 

 of five thousand dollars in certified check, 

 gift from Father, which was deposited in bank. 

 Drew twenty-five dollars from bank to be used 

 for small expenses, as needed. 



Received invoice for shelving counters and 

 wall cases amounting to $1,200.00 from F. G. 

 Bracket. Received invoice from H. O. Sale 

 & Co., amounting to $905.10 for drugs, medi- 

 cines, patent medicines. Paid 25 cents for 

 bucket, 15 cents for scrub brush, 10 cents for 

 soap, 25 cents for broom. Paid woman for 

 washing windows and cleaning store, $1.00. 

 Bought hatchet, 50 cents; nail puller, $1.25: 

 Paid B. E. Good $6.00, insurance on fixtures. 

 Paid T. E. Householder $50.00 for rent, in 

 advance. 



December loth. Received invoices from : 

 Keen and Heighs, $19.20; H. O. Sale & Co., 

 $34.92; a second invoice from H. O. Sale & 

 Co. for $16.05; Cecil Cigar Co., $14.20. Paid 

 for lemons, 25 cents, for soda fountain, and 

 took out of stock for same, one bottle bromo 

 seltzer, 34 cents ; 4 ounces aromatic spirit of 

 ammonia, 15 cents; i pint of alcohol for cigar 

 counter, 38 cents. Cash sales : Merchandise, 

 $16.40; soda water $5.00; cigars, $3-S0- Paid 

 $2.50 for Pharmacopoeia and $7.50 for Dis- 

 pensatory. 



December 15. Paid $25.00 for suit of clothes, 

 by check. Received invoices from G. Lass 

 Ware & Co. for bottles and corks, $0.50; H. 

 O. Sale & Co., $14.60; freight on G. Lass 

 Ware & Co.'s goods, 34 cents. Invoice from 

 Charles Wright & Co., $6.35- Paid annual 

 dues; State Association, $2.00; American 

 Pharmaceutical Association, $5.00. Sold C. K. 

 Harrison on account : Prescription 4697, 50 

 cents; 4698, 40 cents; 4699, 60 cents; atomizer, 

 $1.00; dropper, 10 cents; i pound absorbent 

 cotton, 40 cents. Sold Dr. A. R. Blaud r ounce 

 calomel, 25 cents ; i ounce Dover's powder, 

 35 cents ; i pound absorbent cotton, 30 cents. 

 Sold H. O. Sale & Co., % dozen compound 

 syrup of hypophosphites at $8.00, less 10 per 



cent. ; 14 dozen aromatic castor oil, at 75 cents, 

 less 10 per cent. Cash Sales ; Merchandise, 

 $34.90; soda water $3-35; cigars, $1.50. Paid 

 subscriptions to drug and soda water journals, 

 $5-50. 



It would be tedious to write of the multitude 

 of items that may be presented to the student 

 of a most practical nature, in connection with 

 these records. All the details of making de- 

 posits, keeping a bank account, drawing 

 checks; the purchase of certified checks, the 

 responsibilities regarding checks, may be so 

 demonstrated and actual practice regarding 

 them secured. 



The segregation of charges to the proper 

 accounts is interesting and important. The 

 establishment of proper and profitably kept 

 "Department Accounts" may be fully set forth. 

 Remarkable instances may be given of uni- 

 versal difficulties students have with some of 

 the problems appearing in this record of thirty 

 days, which is not only interestingly compre- 

 hensive, but is most profitably worked out by 

 the embryo business man. 



On the tenth and twentieth of the month, 

 trial balances are required to be made and, 

 following the thirty-first day, the following 

 appears : 



"Make up inventories; make trial balance; 

 take off a balance sheet, balance cash account 

 and balance or arrange the other accounts to 

 make the business or fiscal year begin with the 

 calendar year." 



In conclusion, let me commend to you who 

 are already in business and have not become 

 sufficiently familiar with accounting to be fas- 

 cinated by it, the further study and investiga- 

 tion of the subject, that you may not only 

 profit by its helpfulness, but that you may have 

 this additonal interest in your work and the 

 added happiness it gives in your lives. 



R ECIPROCITY . 



Thirty-six states are novi^ reciprocat- 

 ing pharmacy certificates through the 

 National Association of Boards of Phar- 

 macy. 



For information and blanks address 

 H. C. Christensen, secretary N. A. B. of 

 Ph., 450 Bowen avenue, Chicago, III 



