714 THE HOME, FARM AND BUSINESS CYCLOPAEDIA. 



same as above until changed. Piper, Dickenson, Goodwin, and Cameron 

 are petty customers, and these amounts are posted under " Petty Ac- 

 counts." Lyman and Keene are new customers, therefore residenc* 

 added. It is not thought necessary to indicate where the amounts in 

 this example are posted, as the student by this time has sufficient know- 

 ledge of posting such charges. 



Ex. 427 to 430. When goods are frequently returned to us, it is ad- 

 visable to keep a " Credit Book " in which to enter these credits. When 

 this is done, we simply write in that book the person's name and a 

 description of the goods returned ; then those credits are transferred to 

 the Journal in the manner here indicated, entering the person's name, 

 C. B. for Credit Book, the page and amount. 428 posted to 697. 420 

 posted to 730. 430 posted to 720. 



Ex. 431 and 432. We give Borland, whom we are owing, an order on 

 Bennett (a dry goods merchant), who is owing us, for dry goods to the 

 amount of $20, with instructions to Bennett to charge the same to our 

 account. This is to us the same in effect as giving Borland a sight 

 draft on Bennett, so the entry is made the same as in paragraphs 439 

 and 440, the explanation only being different. 431 posted to 777. 432 

 posted to 698. 



Ex. 433 and 434. We are owing S. W. & Co., and they are owing 

 Thompson & Risley. They draw on us at 30 days from Dec. 20th, mak- 

 ing the draft payable to T. & R., and we accept it, thereby promising to 

 pay T. & R. in 30 days, for S. W. & Co., $28.45. (See 182 and 183.) 

 433 posted to 782. 434 posted to 638. 



Ex. 435, 436, and 437. Porter cannot pay his note, which is now due, 

 therefore renews it for 30 days, giving us a new note for the amount of 

 the old note and interest. When he gives us the new note we surrender 

 to him the old. This, also, may be treated according to the other method 

 described in Ex. 421 to 425. (Lee 124.) 435 posted to 613. 436 posted 

 to 625. 437 posted to 668. 



Ex. 438. Same as 408 to 416. 



Ex. 439 and 440. Dollus is owing us and we are owing Arrnsby, so we 

 give Armsby a sight draft on Dollus. If sight drafts are not paid when 

 drawn by us on one person payable to another, and are returned to us, we 

 are then obliged to undo the entry we made when the draft was drawn, 

 which would be done by debiting the person on whom we drew, and 

 crediting the person to whom we made the draft payable. (See 179 and 

 170.) 439 posted to 764. 440 posted to 721. 



