DAY BOOK. 



Page 2. 



Feb. 24 Received cash from Jas. Ferguson, il. 



Ferguson having paid this money his account is credited with the amount. 

 and being a receipt in favour of cash, cash account is debited. 



28 Received cheque from Jas. Murphy, price of calves, i IDS. 



Cash account in this transaction is also debited, and Murphy's account 

 receives credit (credited). 



March 6 Bought from Sandover and Co. one set of iron harrows, 4.. 



This is also an addition to working plant ; the account is charged (debited) 

 and Handover and Co.'s account receives credit (credited). 



Paid my cheque for stores for house, 4 IDS. 



This is an expense for which payment is made. Expenses account is charged 

 (debited) and cash account is credited for the money paid out. 



April 9 Paid my cheque to Sandover and Co. for harrows, 4. 



Having paid for the harrows, Sandover and Co.'s account is debited with the 

 amount and cash account credited for money paid out. 



May 6 Sold for cash twelve young pigs for los. each, 6. 



This is a cash transaction. Cash account is debited for money received, and 

 live stock account receives credit t credited), pigs being a portion of live stock. 



June 2 Sold to R. Jenkins 150 bushels of wheat at 6s. per bushel, 45. 



Jenkins' account is charged (debited) with amount of wheat, and crop account 

 receives credit (credited). 



5 Bought from Barrett and Sons seeds to the amount of 2 ios. 



The seeds being intended for crop purposes, crop account is charged (debited) 

 and Harrett and Sons receive credit for supplying the seeds. 



Drew from the bank the sum of $ for petty cash. 



This being intended for payment of sundry current items for use of the house 

 must be looked upon as an expense. Expenses account is charged ("debited) and 

 c;ish account credited for amount drawn from bank. 



July 10 Received from R. Jenkins 44 for wheat, allowing him .1 discount. 



Cash account is debited for money received, and Jenkins' account credited for 

 44 and also for i discount allowed. Profit and loss account is debited with 

 discount, being a loss; this transaction requires four entries in Journal and Ledger. 



