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Mr. John Brown

1890.

Jan. 3 7 To Mdse, 65 40 1890.

Jan. 9 6 16 My acceptance at 3 months dated April 9, 70 00 923 Cash paid order in favor of Jones & Co. , 20 25 155 65 24 By Cash, 15 Acceptance at months due April 12, Cr. 75 00 3 6500 140 The debtor side shows that Mr. Brown owes you $155.65, and the credit side shows that you owe him $140.00; the difference of $15.65 is in your favor and is therefore debted to you. On payment, you enter it on the Cash-book, and on the credit side of the account in the Ledger, thus making both sides balance. both by In the following transactions are illustrated the methods of keeping accounts