THE EXPLANATION OF THE JOURNAL. 7()9 



them our note ; therefore, we debit them and credit Bills Payable. (See 

 182, 132 and 133.) 330 posted to 754. 381 posted to G35. 



382 and 383. Richardson is owing us an account which is long 

 past due, so we charge him interest and draw on him at !'< -lays for the 

 amount of his account and interest. The interest is charged here, but no 

 entrv is made of the draft until it is returned. (See 151 and 142.) 382 

 posted to 705. 383 posted to 664. 



384 and 385. When a Journal page has been filled, the totals of 

 the Mdse. Dr. and Mdse. Cr. columns are found and carried forward to the 

 following page ; and thus the totals are carried forward from page to page 

 until the end of the month. 



Ex. 386. Russell is a farmer, and brings produce into market ; we buy 

 it from him and give him credit on his account. (See 67 and 175.) Posted 

 to 711. 



Ex. 3S7. Same as 370. Posted to 708. 



388 and 389. The draft we drew on Richardson December 8th is 

 now returned to us " accepted " by him. This draft having been accepted 

 }.y him and returned to us, is the same in effect as though he had sent us 

 a note ; therefore, we debit Bills Receivable and credit Richardson. (See 

 1 14, 1 15 and 172.) 388 posted to 609. 389 posted to 706. 



390 and 391. We buy a safe from T. S. L. Co., and give therefor 

 our note at 30 days. Debit Store and Office Fixtures for the safe we 

 receive, and credit Bills Payable for the note we give. (See 93 and 130.) 

 390 posted to 595. 391 posted to 636. 



392. Same as 370. Posted to 723. 



:>D:> and :W4. The Railroad Company charged us 5 cents per M.I. 

 too much for freight bill of recent date for 2011 >s. Sugar. We are in it 

 allowed to deduct the over-char_;v from the bill and pay the halance; but 

 are obliged to pay the full amount of the bill; then we may make 

 claim t" ilmad Company, charge thc:n, and credit I'Yei^ht and 



If they do not allow this claim after we have thu 1 it, 



we are then obliged to debit l-V.-i^ht and Express, and credit them 

 reby undoing the made, (See 206.) :w:i posted to 7 



bed to 650, 



n takes goods from the store fr his private use. (See 

 77. 



.".We an- mvin^ P. v v < I. <>n account for a hill of. 

 W6 I'l.u-lit froMi them OH <'0 -lays. On the 1 J.j], ,,f Peer:. 



the note Doc. 8th, 1 880, -the date of the 

 bill. (See isi, i;;<>, im i i:;i 



