THE EXPLANATION OF THE JOURNAL. 705 



EXPLANATION OF THE JOURNAL OPPOSITE PAGE. 



THE COLUMNS. 



Ex. 342 and 347. These are the columns referred to in paragraph 12. 

 In the Mdse. Dr. column is entered all merchandise bought by us and re- 

 turned to us ; and in the Mdse. Cr. column is entered all the merchandise 

 sold by us, and returned by us to other parties. (See 67 to 70.) 



K\. 343 and 346. These are the columns referred to in paragraphs :>'.) 

 and 40. All debits which are not Mdse. debits are entered in 343 column ; 

 ami all credits which are not Mdse. credits are entered in the 346 column. 

 In post i n<j, we post only tJie items found in these columns. 



:>44 and 345. These are the columns referred to in 325 and 340. 

 When we have posted an item to the Ledger, we indicate the page to which 

 it is posted in these columns. So it will hereafter be understood what the 

 figures in these columns indicate. These figures also show the book-keeper 

 whore he ended his posting. 



S47J. In order that the beginner may be prepared to "encounter" 

 any set of books that is presented to him, it is thought best to give here a 

 seemingly complicated example. When partners first enter into business, 

 they usually invest all cash, or cash and note the entry then is a very 

 simple one, and is made in the manner represented in paragraphs 367, 368 

 and 369 ; but, when one of the partners has been engaged in business and 

 takes in a partner, the entry then is more difficult and complicated, such 

 .in .-xample is here presented. Goodwin has been engaged in the Retail 

 Grocery Business, and on the first of December, 1880, takes in as a part- 

 ner S. A. KnuTson. The proceedings for opening the books for the new 

 finn, are -l'-scrilel in paragraphs 311, 316, 317 and 4.9. In changing a 

 of books from single entry to double entry the entry in the Journal would 

 be made in the same manner as the example here illustrated, with th 

 ception of th- persona] accounts, which amounts would already appear in 

 th L'-.l^'-r ;md of course would not require posting unless a n-\\ 

 was npi-n.-.l, then they would have to be transferred. It ispresupp* 

 in this set, that wln-n tin- n-\v partner (Emerson) is taken in, a newsr 

 books will be oprn.-d ; h.-ncr all of Goodwin's old accounts are transiVnvd 

 to the new Ledger. 



THK BHTBli 



'i of Goodwin's Investment. Ex. 348. Cash on hand trans - 

 with Emereon'a SL>,:,OO t-> tl,.- < a^h Book. (See 485.) 

 '.Goods in store. (See 66.) Posted 



