BILLS AND ACCOUNTS RECEIPTS John Bentz rents a house in Boston, Mass., from James Smith for one year for $240, rent payable the first day of each month in advance. 1. Every receipt should state (1) the place and date of payment; (2) who pays the money; (3) who receives the money; (4) for what the money is paid; (5) the amount both in figures and in writing. 2. Every receipt in full should state in full to date. Write the receipt given Mr. Bentz for September's rent. Received from For 1. Providing John Bentz fails to pay the rent for August when due, but pays on September 1 the rent for both August and September, write the proper receipt. 2. Write the receipt for the tuition for the term of your school that any non-resident pupils would have to pay. Write the receipt in full to date for each of the following bills which I owe: 3. John Thompson for milk, $6.75. 4. Frank Jones for coal, $16.85. 5. Smith & Co. for books, $3.75. ORDERING GOODS These forms of orders should be studied carefully, as they come into almost daily use in business life. Kindly send by Adams Express the following, per sample, and charge the same to my account. 10 yd. of ribbon, at $0.50 12 yd. of dress goods, at $1.25 (Mrs.) Chas. A. Steele. as 1. Make out an order to each of the various schoolbook companies for the books you are studying. 2. Make out an order to McCreery & Co. of New York, for some goods to be sent to you C.O.D. (cash on delivery). 1. The place and date of sale. 2. The names of the buyer and the seller. 3. The name, quantity, and price of each article. 4. The entire amount of each separate item. 5. The total amount of the bill. 6. The receipt of the bill. A bill is a written statement in detail of goods sold or of services rendered. A bill is receipted when the words "Received payment" are written at the bottom of the bill, either by the seller or by some person authorized by him. NOTE.- When the person authorized signs the name of the seller, he should always write on the next line below the word "by" or "per" and his own name or initials. When a person purchases anything on time, the purchaser is called a debtor. When the seller extends the time of payment to any one, the seller is said to give credit, and therefore is called a creditor. The symbol # means pounds when placed after a number; but number if placed before a number. Thus 6 means 6 pounds but #6 means Number 6. Make receipted bills for the following transactions, performing all necessary operations: 1. Carter Bros., Elkins, W. Va., purchase from Bindley Hardware Co., Pittsburg, Pa., the following: 3 dozen locks @ $4.80, 67 kegs of nails @ $4.10, 6 dozen lanterns @$6.25, 1300 feet steel tracks @ 16, and 7 lawn mowers @ $4.25. 2. John Dunn & Son, Akron, Ohio, bought from Thomas Townsend & Company, Cleveland, Ohio, 36 barrels of flour @ $4.80, 4 boxes of prunes @ $1.65, 500 pounds of coffee @ 118, 7 boxes of yeast @ 75%, 50 pounds of Huyler's cocoa @324. 3. James Brown, Lincoln, Neb., purchases from May & Co., St. Louis, Mo., 22 bunches bananas @ $1.75, 32 boxes oranges @ $3.15, 17 boxes lemons @ $2.80, 29 crates cranberries @ $2.25, 6 boxes grape fruit @ $2.90, and 35 bbl. apples @ $2.75. 4. James Sweitzer, Peoria, Ill., bought from Swift & Co., Chicago, 1587 pounds of dressed beef @744, 267 pounds of mutton @ 94, 933 pounds of pork @ 5, and 180 pounds of lard @ 124. 5. Lyle Bros. & Co., Dubuque, Ia., bought of the Delaney-Brown Lumber Co., Grand Rapids, Mich., 28215 feet oak boards at $32 per M., 147820 feet hemlock at $27 per M., 92629 feet No. 1 white pine at $60 per M., 63605 feet poplar boards at $35 per M. NOTE.-$32 per M. equals $.032 per board foot. 6. Mrs. James Thorpe bought of B. Altman & Co., New York, 1 pair gloves at $2.75, 5 yd. ribbon at 39 a yard, dozen handkerchiefs at 25¢ each. ACCOUNTS In the study of bills we simply found how much the debtor owed to the seller, or what one party owed to another for services rendered. In an account we have a business transaction covering a period of time in which there is both a debtor's bill and a debtor's payments. |