LOST ACCOUNTS AXD XOTE3. G83 



top of the page, then below this write, " The following amounts on 

 accounts and notes are this clay by us considered worthless, and are, in 

 consequence, here charged to Lost Accounts and Notes account." Under 

 this heading make the journal entry thus : " Lost Accounts and Notes 

 Dr. to Sundries;" after which, first enter the names and amounts of all 

 personal accounts called worthless ; then, the amounts called lost on 

 accounts and notes in the hands of attorneys entering first the attorneys' 

 names ; then, as an explanation, the names of the persons upon whom the 

 accounts or notes are lost ; then the amounts called lost on our Bills 

 Receivable writing first " Bills Receivable," then, as an explanation, the 

 names of the makers of the notes, with date and time upon which the 

 notes are drawn. We now find the sum total of all these doubtful 

 nuts and notes thus sacrificed, and enter the same in the debit column 

 on the same line with " Lost Accounts and Notes Dr. to Sundries ;" after 

 which, we open a Lost Accounts and Notes account in the Ledger, and, 

 in black ink, either post to the debit side of same the total amount thus 

 lost in one entry, or copy from the Journal each name and amount. The 

 latter is recommended as the better way, as we often have to refer to this 

 account, and it is better to have in the Ledger an itemized record of the 



O 



amounts lost on accounts and notes. After having thus posted the debit. 



we proceed to credit each of the accounts here specified, upon which 



amounts were lost. We credit the accounts in red ink, so that such 



may be more conspicuous; otherwise, in passing our eyes hastily 



such accounts, we might think these amounts were payments. We 



may write on these accounts, as explanation, either " By Lost Accounts 



and Notes," or "Called Lost." It sometimes occurs that we carry an 



account along for several years, throwing off little by little at the end of 



yt-ar, until finally " Patience ceases to be a virtue," and we % throw 



11 to the 



27 X. 1' j. If a part of any of the accounts or notes which we 



hal called '/>/>'/>/// //o/'/A/r.vN should ever then-after be paid, we eivdit the 



ud Notes account for such payments. When paym 

 any of the accounts or notes we called oiil\ 



,.tl ace-nint or Hills Receivable, whichever it D 

 amount which we called i^o. >d is all ] i afterward- 



lit tli.- ] to th" Lo^t Accounts and Notes account. A HUM 



aNo be made in lead pencil on the accouir 

 on those \v), 



~7 1. T : ied into Loas and ' 



upon which 



