706 THE HOME, FARM AND BUSINESS CYCLOPEDIA. 



Ex. 350. Counters, shelves, desks, chairs, etc., in store and office. (See 

 92.) Posted to 592. 



Kx. 351. Coal on hand which was debited to Expense account when 

 bought. (See 195.) Posted to 644. 



Ex. 352, 3, 4 and 5. These are personal accounts owing to Goodwin. 

 (See 164 and 173.) Posted to 688, 691, 702 and 704. 



Ex. 356 to 360. These are unpaid notes held by Goodwin against these 

 persons, with the date and time upon which each is drawn affixed. The 

 11-18-80, 30 ds, signifies the note was made on November 18th, 1880, on 

 30 days time. It is not necessary to add, in an explanation to an entry, 

 whether or not the note is made ivith interest, as the Bill Book shows that. 

 Goodwin endorses these notes over to the firm, Goodwin & Emerson. (See- 

 107.) Posted to 602 to 606. 



Ex. 361. This is a Time Draft, which was drawn by Arbuekle on Good- 

 win, and by Goodwin " accepted," and being not yet due on December 1st, 

 is still unpaid ; therefore, the same in effect is an outstanding note. (See 

 129.) Posted to 633. 



Ex. 362. This is an unpaid note owing by Goodwin to Thurber & Co. 

 (See 129.) Posted to 634. 



Ex. 363, 4 and 5. These are personal accounts Goodwin owes. (See- 

 174.) Posted to 749, 751 and 753. 



Ex. 366. After thus having made a record of all his present Resources- 

 and Liabilities, Goodwin now find the difference between the sums total 

 of each, which difference is found to be $3,500, which amount is his net 

 present worth, and this he credits to his Stock account. (See 49.) Posted 

 to 564. 



Explanation of S. A. Emerson's Investment. Ex. 368. He invents cash 

 s 1^,500, andj the amount, together with Goodwin's $500, is posted to the 

 debit side of the Cash Book. (See 75 and 76 ; also 485.) 



Ex. 369. Emerson holds a note made by Hugo Smith, payable to him, 

 for $1,000, which note is endorsed by W. Scott, who guarantees the pay- 

 ment. Emerson endorses this note over to the firm Goodwin & Emerson 

 when it becomes the firm's property. (See 107, 116 and 117.) Posted 

 to 607. 



Ex. 367. As Emerson has no Liabilities, his Stock account is now 

 credited for the sum total of his Resources $3,500. (See 49.) Posted to 

 569. 



Ex. 370. Russell buys goods from us on account, so we debit him in 

 the " Miscellaneous Dr." column. It is not necessary to make a formal 

 Journal entry, thus : " E. Russell Dr. to Mdse.," before proceeding to make 



