THi: EXPLANATION OF THK 



715 



141 and 442. We hear that Dorman is about to fail ; therefore, 

 make a certified statement of his account, and hand it to our attorney 

 collection. " What is meant by a certified statement ? " A certified 

 iteinent is an itemized statement of a person's account made out and 

 rorn to by us before a notary public as being " correct, to the best of 

 ir knowledge and belief." (See 262 and 204.; 441 posted to 685. 442 

 to 735. 



l-l-.S t 4i-i). We are owing these different parties. We send 

 rbuckle and Babbitt notes on 60 and 30 days from the dates of their 

 )ills, as indicated in paragraphs 444 and 445 ; and we accept the draft 

 iwn on us by the Toronto Tobacco Co. at 60 days from Nov. 28th, as 

 idicated in paragraph 443. The entry for these is the same in efi'e 

 rere the entries in paragraphs 380, 381, and 396, 397, excepting that 

 we make an entry for several notes, and in those cases, for only one 

 a time. The items are posted separately on the Bills Payable account 

 checking purposes. 443 posted to 639, 640, and (141. 444 ported to 



4 1-.") posted to 758. 446 posted to 748. 



Ex. 447, 448, and 449. Some book-keepers hold the notes they rec< i\ 

 several days before entering them, and then enter them all together in the 

 inner here illustrated. Each of the parties is then credited, and Bills 

 ceivaMe account debited for each item separately. 447 posted to 614 

 615. 448 posted to 727. 449 posted to 731. 



450 and 451. Hurto is insolvent, and compromises with his 

 creditors for a settlement in full for sixty cents on the dollar, i.e., each 

 one of his creditors signs a paper which is presented to them agr 



pt >i\ty cents on the dollar in full settlement. Hurto then gives us 

 cheek i'ur SU7..10, which is 60 per cent, (entered on Cash Book see 500), 

 remainder, $65 (40 per cent), is of course lost. (See 265.) 4 .10 

 4.11 p.^ted to 600. 



as nrr to 430. Posted to 700. 



>7. For full instructions and explanations, see latter 

 igrapha :i:Ji; and 837; also 20 1 and 204. 453 post. -d to 654, 



::, 879, 881, and 



Same as 401 to 407. When several hills are b> 

 a finn on different time, the time on which each is bought is indicated 



manner illustrate, 1 in paragraph 4in. Kr example 

 120.00 "11 IK) :,ie. I'nstin- sail. . 40 1 U) 



3, For full instructions and explanations, see paragraphs 

 i , and 272, 1 Mius having suddnily " left for pan- Dnkno* 



'all his ace. ,unt lost Lyinan having recently failed, his nut, 



