Unsecured creditors $9,000.00 Fully secured creditors 2,300.00 Holding securities of the value of $3,000.00 Partly secured creditors 35,000.00 Holding securities of the value of $20,000.00 Preferred claims 800.00 Bills payable 20,000.00 Accounts receivable, home office (good) 1,000.00 " " (doubtful) $200.00, estimated to realize 75.00 " " (bad) $300.00 Stock, Home Office, cost $1,500.00, estimated to realize 1,200.00 Stock and accounts receivable, less sundry liabilities, at branches 36,000.00 Of which it is estimated there will be a loss on realization of stock $6,000.00, of accounts receivable $9,000.00. Buildings and equipment at branches, cost $40,000.00, estimated to realize 20,000.00 Office furniture $300.00, estimated to realize 200.00 Cash in office 4.00 Cash in bank 80.00 Bonds held by fully secured creditors 3,000.00 Stocks held by partly secured creditors 20,000.00 Six years ago Andrews' capital was $42,000.00. The profits for the first three years appear to have been $3,000.00, $4,000.00, and $5,284.00, and the losses for the three subsequent years $1,500.00, $2,500.00, and $3,000.00, after allowing $2,000.00 a year for interest on capital. His withdrawals have been at the rate of $4,000.00 a year. From these particulars, prepare a statement of affairs and a deficiency account. 13. What differences exist between a transaction for the purchase or sale of stock, and the purchase or sale of grain? 14. Explain a _ring settlement_. 15. What is necessary to post to the customer's ledger account, and from what sources do you post? 16. Show form of _margin book_ and explain how it is kept. 17. In what cases should interest be charged? What is it charged for? 18. What should be entered in the general cash book? 19. Explain fully the handling of _office cash_. 20. If _A_ bought 5,000 bushels of wheat at $1.20, and sold 12,000 bushels at $1.21, how much cash would he be obliged to deposit to secure the fulfillment of his orders? 21. What is the cash which he deposits called? 22. Write an order form for the sale of 25,000 bushels of corn @ 76¼c made upon the orders of Mr. D. 23. Show what acknowledgment must be made to Mr. D. 24. What is the _daily record sheet_? For what purpose is it used? Explain the entries in this book.