The small figures written near the upper right corner of the larger ones indicate quarters of yards. Thus 452 means 45 and 4 yd. In adding to get the total number of yards add the fourths first. The addition should be performed horizontally without copying, as in § 25. The total number of yards in each item is usually entered just before the price as shown in the first item.

182. Credit Memorandum. Sometimes goods which are ordered do not prove satisfactory, and are returned, and a rebate or deduction is made to the purchaser for the value of the goods returned. In such a case, a memorandum of credits showing the credit is made out by the seller and sent to the purchaser.

This statement resembles an invoice in form, except that it shows a credit and not a debit. For this reason the printing on the credit memorandum is usually in red or some other color than black.

When the bill is rendered the amount credited should be deducted from the bill. In case such deduction is not made the credit memorandum may be used as part payment.

Find the amount due on the following bill.

The silk proved to be unsatisfactory, and was returned. Write a credit memorandum properly signed for the amount of the credit.

183. Receipting a Bill. — When a bill is paid it is receipted by the concern receiving the payment. This is done by writing "Paid " across the face of the bill together with the date of payment and the signature of the recipient. When a clerk receipts a bill for a firm, he should write the name of the firm and then his own initials.

184. Accounts. Sometimes only part of the amount of a bill is paid. Such payments must be shown as credits on the bill and their amounts deducted from the total of the bill. A statement showing purchases and payments and the balance due is called a statement of account or simply an account.

Arrange each of the following in the form of a bill and find the amount due on each.

1. Edwards Co., Springfield, Mass., sold to Mrs. Frank Morse, 10 pounds of sugar at 6 ct. a pound; 1 sack of flour, at $1.50 a sack; 1 bushels of potatoes at $1.25 a bushel; 2 bags of salt at 4 ct. a bag; 2 pounds of lettuce at 25 ct. a pound; 2 loaves of bread at 5 ct. a loaf; 2 dozen eggs at 45 ct. a dozen; 2 pounds of Elgin butter at 40 ct. a pound; 12 dozen oranges at 35 ct. a dozen.

2. A merchant bought of the Rudd Co., Cleveland, the following: 1400 bushels of apples at 72 ct. a bushel; 580 boxes of oranges at $3.14 a box; 15 bunches of bananas at $3.98 a bunch; 160 boxes of lemons at $1.50 a box.

3. In the month of March, John Wilson, a farmer, residing at Norwalk, Ohio, bought of Martin & Co., Columbus, lumber and mill products as follows: March 1, 100,000 feet of pine lumber at $42 per M (thousand); 5000 shingles at $4.75 per M; March 8, 50 sacks of cement at 37 ct. a sack; 5000 ft. of hemlock at $28 per M; March 15, 3000 ft. of lumber consisting of 2" X 4" and 2" x 6" at $28 per M.

March 15 a payment of $400 was made and on March 25 another payment of $200 was made. Render the statement to Wilson, April 1, showing the amount due; and receipt the bill as having been paid in full April 6.

4. Johnson Co. of Pittsburg sold William Earle, Avon, Ohio, Jan. 17, 1916:

20 bushels of clover seed at $11.25 per bushel; 18 bushels of alfalfa seed at $11.75 per bushel; 8 bushels of Timothy seed at $4.30 per bushel; 24 bushels of small clover seed at $10.60 per bushel.

Receipt the bill as having been paid February 8.

F. O. B. (Free on board) Avon. (The shipper paid the freight.) Also find the amount of this bill if the price per bushel of each is advanced 50 ct. per bushel.

5. J. W. Brown of Detroit, Mich., buys a quantity of groceries from the Edwards Co., Chicago. From a chest of tea, 25 pounds are spilled out and Mr. Brown asks for a memorandum of credit covering the amount of leakage. Make out a credit memorandum like the one which the Edwards Co. sends him, the tea being worth 40 ct. a pound.

6. Messrs. Aeter & Smith, Dayton, Ohio, sold to the Mechanical Engineering Co., Chicago, 20 gasoline engines at $250.00 each to be sent by freight. Make out the invoice.

Terms of Sale: Cash 30 days.

185. Pay Rolls.

PAY ROLL FOR THE WEEK ENDING Feb. 27, 1916

Find the wages earned this week by each man. Find the total

pay roll.

Many firms pay their workmen in cash, not in checks.

Hence it

is necessary to determine the amount of money or change required and the amount of each kind of coin or bill.