SUBDIVISION OF CAPITAL ACCOUNT 59 



Resources and Liabilities with the ones prepared for Mr. Wood's 

 transactions of the preceding year, as per instructions of prob- 

 lems 1 and 2 above. 



5. Make the necessary entries in nominal and other accounts 

 for the transactions given below, using the necessary resource 

 and liability accounts and the following nominal accounts : Board 

 and Room, Books and Stationery, Laundry and Toilet, Amuse- 

 ments and Refreshments, General Expense, Miscellaneous In- 

 come, and Allowance (being the income account to show amounts 

 received from home). 



September 18, 1916, Eddie Block enrolling as a student in 

 an agricultural college, begins to keep his accounts under double 

 entry 1 system. He accordingly opens his ledger accounts by 

 recording his capital of $25 which he saved during the summer. 



September 19, 1916, paid matriculation fee $10, semester dues 

 $12, and laboratory fees $1.50. 



Sept. 20, Received $30 from home. 



Sept. 20, Paid 25 cents for a campus ticket and 50 cents for 

 a swimming pool ticket. 



Sept. 20, Paid $7.60 for textbooks and stationery. 



Sept. 22, Paid $6 for athletic association membership and sea- 

 son tickets. 



Sept. 22, Paid room rent for one month $12. 



Sept. 23, Paid $1 for college Y. M. C. A. membership. 



Sept. 23, Paid $2.50 for subscription to student daily publica- 

 tion. 



Sept. 23, Paid for laundry 48 cents and for shine 10 cts. 



Sept. 25, Paid for car fare, show and refreshments, 60 cts. 



Sept. 25, Borrowed $5 from "Slim" Small. 



Sept. 26, Received $1.50 for miscellaneous jobs. 



Sept. 28, Joined the hospital association and paid $1 dues. 



Sept. 29, Paid $1 for pressing and cleaning. 



Sept. 30, Attended football game with Bertha and paid $1 foi 

 her ticket and 60 cts. for car fare and refreshments. 



1 Double entry system involves primarily the expression of equal 

 debits and credits for each transaction the system used in explana- 

 tions in this text. Single entry system does not require such equili- 

 brium of debits and credits. 



