Exercise 36 Express to the nearest ten-thousandth the value of: 118. A bill is a written statement of the names and prices of goods sold or services rendered, together with the names of the parties and the date of the transaction. 119. An account is a record of business transactions between two parties at a given date. 120. A bill is filled by writing in the cost of each item; it is footed by adding the cost of the different items to find the total cost. (The terms used in Bills and Accounts were explained in Book Two; if the pupil is unable to use them understandingly, they should be reviewed.) Exercise 37 1. Complete and verify the footing of the following: The person who receives money for a firm in payment of a bill usually receipts the bill and signs the firm name; also his own name or initials, thus: "Per M. H. B." Find out what "F. O. B. Phila.” as printed on this bill means. REMARK. Sometimes columns are ruled in which to place the extension of the items and the total. 2. Foot the column of Daily Totals, also the column of Credits, and see that the balance is correct, in the following: Bill for the Entire Purchases of One Month MARSHALL FIELD & COMPANY IMPORTERS, RETAILERS, MANUFACTURERS Sold to Mr. FRANK P. PRICE, 124 MAIN ST., GALESBURG, ILL. 31/2365 NOTICE. Merchandise to be credited on current bill must be returned before the last day 3. Extend the items in the following account and find Rule bill forms and on them make out bills for Examples 4 and 5; use your own name for that of the buyer, and the name of some firm that deals in the articles purchased for that of the seller. Fill, foot, and receipt the bills, dating them appropriately. 6. F. P. Duffy presents the following bill to you, Oct. 1, 1913: 28 days' carpenter work, $2.25 per day; 12 days' plastering, $2.75 per day; 8 days' painting, $3 per day; 6 days' hauling, $ 4.50 per day; 12 days' common labor, $1.50 per day. Fill, foot, and receipt the bill for these items. Render the following bill for the month named in the current year; receipt the bill : |