════════════════════╦═══════╤══╦════════════════════╤═══════╤══ To Purchases ║$10,000│00║By shipments │ $9,000│00 ║ │ ║ │ │ Profit on Sales ║ 465│00║ " Inventory │ 1,465│00 ────────────────────╫───────┼──╫────────────────────┼───────┼── ║$10,465│00║ │ │ ════════════════════╬═══════╪══╬════════════════════╪═══════╪══ ║ │ ║ By Profit on Sales│ $465│00 SAMPLE TRANSACTIONS =47.= The following transactions, taken from the books of John Doe, shipper of poultry and butter and eggs, illustrate the books and accounts used. —Nov. 1, 1908— Commenced business with a cash investment of $1,000.00 —1st— Bought for cash 200# chickens @ .11½ 23.00 100# ducks @ .13 13.00 —1st— Bought from Henry Meyers 400# turkeys @ .16 64.00 —2nd— Shipped to Richard Roe, to be sold on my a/c 220# chickens @ .11½ 25.30 98# ducks @ .13 12.74 —2nd— Ctg. and Exp. on above paid in cash 2.25 —3rd— Bought for cash 100 cs. eggs, 3,000 doz. @ .16 480.00 —3rd— Shipped to Richard Roe to be sold on my _a/c_ 95 cs. eggs, 2,850 doz. @ .16 456.00 —3rd— Sold to Johnson & Sons on _a/c_ 5 cases eggs, 150 doz. @ .20 30.00 —4th— Shipped to Richard Roe to be sold on my a/c 200# turkeys @ .16 $32.00 —4th— Paid freight on eggs to Roe 2.98 —4th— Paid freight on turkeys to Roe 1.80 —5th— Received from Richard Roe Account Sales for Shipment No. 1 Net proceeds remitted in cash 47.73 —6th— Received from Richard Roe Account sales for shipment No. 2 Net proceeds retained by him 518.12 —6th— Paid for labor cash 9.00 [Illustration: Shipment Book ] [Illustration: Columnar Purchase Book and Journal ] [Illustration: