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This book records the payments and receipts of cash.
It is kept by making cash Dr. to cash on hand and what is received, and Cr by whatever is paid out.
At the end of every day or week, as may best suit the nature of the business, the cash on hand is counted, and entered on the Cr. side.
If there is no error, this will make the sum of the Dr. equal to that of the Cr. A balance is then struck, and the cash on hand carried again upon the Dr. side.
Form of a Bill from the preceding Work. Mr. James Murray
to Edward L. Peckham, Dr. 1829.
13 17 10. + 10 lbs. Sugar, a 11 cts...
635 12. 6 lbs. Raisins, a 20 cts...
..1,20 5 galls. Currant Wine, a 75 cts.
2447 5. By 20 bu. Corn, a 60 cts.....
12,00 4 bu. Oats, a 40 cts.............................. 15. “ Cash to balance..
10,87 Errors excepted.
EDWARD L. PECKHAM. Boston, January 15, 1829.
Second Form. Mr. Jesse Metcalf
to E. L. Peckham, 1829, Jan. 5. To 20 Calf-Skins, a $5..
u 50 Dried Hides, a $4...
10000 20000 475.00
EDWARD L. PECKAAM.
Boston, April 7, 1829.
Negotiable Note $78,50.
Boston, May 5, 1827. On Demand, I promise to pay Claude Lorraine, or Order, Seventi eight Dollars Fifty Cents, with Interest, for value received.
Note payable to Bearer $40.
Boston, Sept. 17, 1827. Six months from date, I promise to pay A. B., or Bearer, Forty Dol lars, for value received.
Note by two Persors. $500
Berlin, Oct. 28, 1827. For value received, we, jointly and severally, promise to pay C. D., or Ordor, on demand, Five Hundred Dollars, with Interest.
Cote at Bank. $150.
Boston, Fcb. 25, 1819. Ninety-five days from date, I promise to pay Thomas Andrews, or Order, at tho-Phenix Bank, One Hundred and Fifty Dollars, for value reccived
Remarks relating to Notes of Hand. 1. A negotiable note is one which is made payable to A. B., or Order. It is otherwise, when these words are omitted.
2. By endorsing a note is understood, that the person to whom it is payable writes his name on the back of il. For additional security, any other person may afterwards endorse it.
3. If the note be made payable to A. B., or Order, (See No. 1,) then A. R. can sell said note to whom he pleases, provided he endorses it; and whoever buys said note may lawfully demand payment of the signer of the note, and if the signer, through inability or otherwise, refuaes to pay said note, the pure chaser may lawfully demand payment of the endorser.
4. If the note be made payable to A. B., or Bearer, (See No. 2,) then the signer only is responsible to any one who may purchase it.
3. Unless a note be written payable on some specific future time, it should bo written on demand; but should the words on demand be omitted, the note is supposed to be recoverable by law.
6. When a note, payable at a future day, becomes due, it is considered on interest from that time till paid, though no mention be made of interest.
7. No mention need be made in a note of the rate of interest : that particular is settled by law, and will be collected according to the laws of the state whero the note is dated. In some states, it is 6 per cent. ; in others, 7.
8. If two persons, jointly and severally, (See No. 3,) sign a note, it may be collected by law of either.
9. A note is not valid, unless the words for value received be expressed.
10. When a note is given, payable in any article of merchandise, or property other than money, deliverable on a specified time, such articles should be ter dered in payment at said time ; otherwise the holder of the pote may deman
Account with Interest.
to H. Tisdall, 1816_Nov. 1. To 3 yds. Cloth, a $7,50 per yard....
Dec. 2. " 6 galls. Wine, a $4,25 per galioil.... 1819 Jan. 1. « Balance of Interest.
Received of James Wardell Three Dollars on account. Boston, June 21, 1816.
A General Receipt. Received of Jonathan Andrews Fourteen Dollars in full of all accounts. Boston, Dec. 31, 1827.
HORACE RITTER. Receipt for Money paid on a Note.
Received of Leonard Temple Seventy-two Pounds and Eleven Shil, lings, on his note for the sum of One Hundred and Seventy-two Pounds, and dated at Enfield, Oct. 27, 1826.
D. THOMAS. Boston, August 27, 1828.
An Order for Money. Messrs. R. Potter & Co.
Pay James Thomas, or Order, Eleven Dollars, and this shall be your receipt for the same.
SHEELAH SPENCER. Boston, Sept. 16, 1828.
An Order for Goods. Mr. Albion N. Olney,
Pay the Bearer Seventy-one Dollars, in goods from your store, and charge
Your obedient servant, Oxford, Dec. 31, 1827.
Note. A receipt given in full of all accounts, cuts off accounts only; but a receipt given in full of all demands, cuts off not only all accounts, but all de. mands whatsoever,
An order, when paid, should be receipted on the back, by the person whom it is made payable, or by some one duly authorized to sign for him; but when it is made payable to bearer, or to A. B. or bearer, it may be receipted by any one who presents it for payment.