FiJSrANCIAL RECORDS 



143 



per dozen. For the purpose of keeping our records more accu- 

 rate we use also what is liiiown as a day hook which is nothing 

 more or less than a Journal. If we ship these squahs to a 

 commission merchant we must charge him with them and the 

 day book is the proper place for the entry as there is no cash 

 involved at the time of shipment and therefore he cannot be 



SAIMPLE TRIAL BALANCE SHEET 



charged \\ith the shipment on the cash hook. From the day 

 book we post this transaction into the ledger charging the com- 

 mission merchant with $50.00 and crediting the Scpialj Account 

 with $50.00. On the day hook our entry would show the com- 

 mission merchant credited with $50.00 and the squab account 

 debited with $50.00 as follows: 



