should exactly af;ree with the amount of notes you have on hand. 

 In transferring this balance to a new page or a new Ledger it must 

 always be entered on the same side — the debit. 



151. If the maker of a note cannot pay it in full when due, 

 but makes a part paym'ent. credit "Bills Receivable" for what 

 he pays and endorse on the back of the note the amount received. 



153. If he wants to renew it, simply debit "Bills Eeceivable" 

 for the new note you get and credit "Bills Receivable" for the old 

 note you surrender to him. 



153. When you discount a note — credit "Bills Payable" for 

 the face of the note and charge the discount deducted by the bank 

 to "Interest." 



154. Notes are alwavs debited or credited at face value. 



105 



