82
7. Solve the equations-
(ii)
{}
(i) 3 (x-4)
f12x+7y = 69 10x-9y= 13
- 4 (3-x) 4x-3.
8. A boy is two and a half times as old as his brother.
difference between their ages will be 74 years.
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
>>
5. W. Kandall paid me $400 less 5 % disc.
380.00
วง
6. I paid H. Baldwin $500 less 5% disc....
475.00
་ ་
9. Sold goods for cheque sent to Bank...
96.00
""
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
""
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 ny gain or loss on goods; (iv) Make out a Capital Account.
(Cash and Bank to be treated as one account.)
Dec. 1. Capital in Bauk
$2,250.00
15. Sold goods to Petersen Brothers
"
3. Bought goods of Tompkins & Co.........
77
5. Sold goods to Lee & Co.
10. Paid carriage of goods
#9
16. Lee & Co., paid me
I allowed them discount at 5 %.
$1
20. Paid Tompkins & Co.
1,750.00
450.00
36.00
210.00
380,00
20.00
1,140.00
receiving discount at 5%
22. Received from Petersen Brothers payment
allowing them discount
60.001
200.00
10.00
30. Sold goods for cash during the month
96.00
Sent to Bank
96.00
Rent $50. Rutes $16. Wages $34
110.00
Private expenses........
40.00
(Value of goods on hand $1,885.)