128 THE HONGKONG GOVERNMENT GAZETTE, 15TH FEBRUARY, 1896.
7. Solve the equations-
(i) 3 (x-4) - 4 (3-x)
(ii) {
12x+7y = 69 10x-9y= 13
8. A boy is two and a half times as old as his brother.
difference between their ages will be 7 years.
- 4x-3.
When the elder is twice his present age, the Find the ages.
BOOK-KEEPING. Class I.
1. Suppose that Andrew Archer writes to you, requesting you to discount a Bill for $500, which he encloses, and to pay the proceeds to Benjamin Brinkley, on his (Archer's) account, and that you do so deducting $30 for discount. Give a copy-
(a) Of Andrew Archer's Journal entries.
(b) Of Benjamin Brinkley's Journal entry.
(c) Of your own.
2. (i) Journalise the following transactions; (ii) Post into Ledger; (iii) Balance all the Accounts; (iv)
Draw out the Balance Sheet :-
Dec. 1. I have in hand cash $350. At the bank $5,000. Goods worth $2,300.
G. Ebbs owes me $210. W. Randall owes me $530. I owe H. Baldwin $640, and A. Soames $150.
Dec. 2. Bought goods for cash
....$ 82.00
19
5. W. Randall paid me $400 less 5% disc.
380.00
""
6. I paid H. Baldwin $500 less 5 % disc.....
475.00
9. Sold goods for cheque sent to Bank....
96.00
"1
12. Sold goods to W. Randall....
72.00
14. G. Ebbs has become insolvent, pays 60 % dividend on his debt
126.00
"" 14. Bad debt............................
84.00
7)
">
15. I paid A. Soames $150 less 5% discount
142.50
30. Sold goods for cash this month
112.00
Paid as Wages $74. Rent $30
104.00
50.00
Drew for Private Expenses
(Estimated value of goods on hand $2,150.)
Show the following accounts:-Capital; Cash; Bank; Goods; Trade Expenses; Discounts; Bad
Debts; Ebbs; Randall; Baldwin; Soames.
"
Class II.
1. On which side of a Cash Book must an amount paid away be entered? Explain.
2. At the end of the year which side of Stock account should be the greater if I am solvent?
3. From the following transactions extending over December 1895, you are required (i) To make Ledger entries; (ii) Prepare a Balance Sheet; (iii) Ascertain my gain or loss on goods; (iv) Make out a Capital Account.
(Cash and Bank to be treated as one account.)
Dec. 1. Capital in Bank
3. Bought goods of Tompkins & Co...
5. Sold goods to Lee & Co.
10. Paid carriage of goods
15. Sold goods to Petersen Brothers
$2,250.00
1,750.00
450.00
36.00
210.00
16. Lee & Co., paid me
380.00
I allowed them discount at 5 %......
20.00
13
20. Paid Tompkins & Co.
1,140.00
receiving discount at 5 %
60.00
"1
22. Received from Petersen Brothers payment
allowing them discount ....
200.00
10.00
""
30. Sold goods for cash during the month
96.00
Sent to Bank
96.00
Rent $50. Rates $16. Wages $34
110.00
Private expenses.............
40.00
(Value of goods on hand $1,885.)