22. To George Frazer - Terms 6/10, 5/30: 2 doz. Bows, lot no. 1000 1 doz. Four-in-hands, lot no. 120 @ $ 7.50 @ $15 23. To. L. M. Johnson Terms 6/10, 5/30: 14 doz. Four-in-hands, lot no. 115 @ $18 @ $8 @ $7.50 24. To A. C. Moore - Terms 6/10, 5/30: 25. To S. M. Andrews - Terms 6/10, 5/30: @ $ 4.50 @ $6 @ $7.50 15 doz. Four-in-hands, lot no. 110 10 doz. Four-in-hands, lot no. 112 8 doz. Bows, lot no. 110 A plumber employs you as his bill clerk and requires you to make out bills for the following: d. a dressmaker e. a grocer Statements On the first day of each month every creditor sends each of his customers (debtors) who owe him any money for goods sold, a statement of the bills unpaid. The following is a common form of statement : (e) Mr. If. H. Allen (a) New York, Qet. 1, 1921 Pittsburgh, Pa. To The Derby Waist Company, Dr. (d) Terms: 8/10, 7/30 Every statement should show : (a) The date when written. (b) The name and the address of the seller or creditor. (c) The name and the address of the buyer or debtor. (d) The terms. (e) The items (date of each sale still unpaid, and the amount of each sale still unpaid). (f) The total amount due, or footing. As assistant bookkeeper for H. M. Rawlins, garment manufacturer, make out statements for the following unpaid bills, terms 6/10, 5/30: 1. To Louis M. Starr, Toronto, Ont. : 3. To Thomas F. Eaton and Company, Syracuse, N.Y. : Paying by Checks Every business man finds it necessary to keep a certain amount of money in a bank. When he wishes to make a payment, he usually writes an order directing his bank to pay the amount to some particular person. The money which is put into a bank is called a deposit and the person who puts in the money is called a depositor. A written order made by a depositor on his bank, directing the bank to pay money to a certain person, is called a check. NOTE. Every depositor receives a book of blank checks. These checks are attached to stubs, which are left in the book when the checks are torn out, with a record of the number of the check, the date, the name of the person to whom it is to be paid, and the purpose for which it is given. In the above check, Wilbur Colby, a depositor, orders his bank, the Chatham National Bank, to pay Albert Dalton $60.40. Wilbur Colby is called the drawer. Albert Dalton is called the payee. Before a check is cashed it must be indorsed. This means that the payee must write his name on the back of the check (indorse it) before his bank or any other person will accept it. The indorser is responsible for the payment of the check if the drawer fails to pay it. Thus, in the check below, if Ernest O. Thompson fails to pay the amount of the check, the bank will hold the indorser, J. H. White, responsible. The holder of a check thus has a claim against every person who indorses the check. 1. Every check must have the following written on it: a. Date. b. Name of bank. c. Name of payee. d. Amount of money in figures and in words. e. Name of drawer. 2. Before filling out a check, fill out the stub. It is an important record. 3. Any change made on a check makes the check of no value. 4. Before transferring a check to another person or to a bank always indorse it. Before accepting a check made out to another person, see that it is indorsed. |