EXPLANATION OF THE CASH BOOK. 700 



Ex, 501. They pay the amount of our claim against them. (See 

 393-394.) Posted to 743. 



Ex. 502. Same as 491. Posted to 650. 

 503. Same as 499. Posted to 745. 



Kx. 504. Our attorney makes a collection on Dorman's account, and 

 hands the same over to us. (See 263.) Posted to 686. 



Ex. 505. When we borrow money, and immediately give our note for 

 the same, the entry is made in the manner here illustrated. Posted to 



CREDIT SIDE. 



Ex. 50G. We give our landlord a check for the month's rent of our 

 store. A " Rent " account is sometimes kept, so as to show how much 

 has been expended during the year for rent ; but in this case it is carried 

 into the Expense account. (See 190 and 194.) All items we wish charged 

 to the Expense account we extend into the " Expense Dr." column, and 

 at the end of the month post the total for the month in one entry. (See 

 Ex. 483.) 



Ex. 507. We buy a set of blank books, some letter paper, envelopes, 

 etc. 



Ex. 508. We procure $3,000 insurance on our stock of goods and fix- 

 tures in the ^Etna Insurance Co., and pay 1 per cent, premium on the 

 policy. (See 187 and 188.) Posted to 656. 

 . 509. See Ex. 488. Posted to 660. 



Ex. 510. Goocfwin draws $10 for his private use. (See 57.) Posted 

 to 571. It is not necessary to add " Private account " after this name, as 

 it is so understood. 



" 1 1. We have a new counter made, and pay cash therefor. (See 

 93.) Posted to 593. 



512. See Ex. 490. Posted to Cr.l. 



Ex. 513. Emerson draws $15 for his private use. (Same as .',!>. 



">1 k We buy a new desk and chair for our oHice use. Postal to 



515, \V. pay these freight bilk Th-iv is an overcharge on .a.-li, 

 the overcharge on the former we charge on th- .Journal (see 393) ; on 

 tli-- latt.-r \v.- simply mak- a m i moran<lum of tli i claim, as we are not 

 tain wln-th.T ->r not it will be allowed. It is, how. -v.-r, paid on tin- 10th 

 tot (See 491.) Posted to ' 



