Section 185. (4) Bills Payable (Cr. $81,340)

Description

This section is from the book "Real Estate Accounts", by Walter Mucklow. Also available from Amazon: Real Estate Accounts.

Section 185. (4) Bills Payable (Cr. $81,340)

A schedule should be prepared showing the items composing the total of this account, the due date of each note and an indication of the purpose for which it was given, e.g., "In payment for Barnes land," "Bank loan," etc.

THE ALPHA ANALYSIS OF TRIAL

ACCT. Nos.	Accounts	Trial Balance		Profit & Loss
ACCT. Nos.	Accounts	Debit	Credit	Debit	Credit
1	Accounts Payable..........		$3,420.00	.............	.............
2	Advertising..........	$12,114.02	.....................	$12,114.02	.............
3	Automobiles.............	1,138.02	.....................	400.00	.............
4	Bills Payable..............	....................	81,340.00	.............	.............
5	Bills Receivable...........	1,250.00	.....................	75.00	.............
6	Brick-yard Royalties............	...............	1,300.00	....	.............
7	Building - Green............	1,250.00	.....................	.............	.............
8	" Black..........	72.50	.....................	72.50	.............
9	" Brown.............	...............	325.00	.............	.............
10	Cancellation Profits..........	.....................	3,400.00	.............	$3,445.00
11	Capital Stock.........	.....................	305,000.00	.............	.............
12	Charity...........	37.00	.....................	37.00	.............
13	Commissions Earned..........	.....................	5,220.00	.............	5,220.00
14	" Paid..............	8,325.00	.....................	8,325.00	.............
15	Contracts......................	165,770.00	.....................	.............	.............
16	" Payable............	.....................	8,002.40	.............	.............
17	Dawes Purchase...............	8,640.00	.....................	.............	.............
18	Directors' Meetings............	185.00	.....................	185.00	.............
19	Dividends Unpaid..............	.....................	520.66	.............	.............
20	Eureka Gardens Contracts........	2,460.00	.....................	.............	.............
21	" Purchase.........	.....................	1,375.66	.............	.............
22	" Gains..........	.....................	1,330.00	.............	.............
23	" " Expense............	40.00	.....................	40.00	.............
24	Expense, General...........	12,440.00	.....................	12,440.00	.............
25	" Legal...........	1,522.00	.....................	1,522.00	.............
26	" Mortgage...........	548.50	.....................	.............	.............
27	Fairmount Contract..........	1,915.00	.....................	.............	.............
28	" Purchase............	.....................	1,200.00	.............	.............
29	" Gains...........	.....................	1,200.00	.............	.............
30	" Expense..........	5,795.00	.....................	.........	.............
31	Gain on Sales.............	.....................	88,045.84	.............	17,857.32
32	Grandville Contracts...........	1,827.42	.....................	.............	.............
33	" Purchase..........	5,378.00	.....................	.............	.............
34	" Gains.........	.....................	l,056.80	395.20	.............
35	Handbook............	985.00	.....................	.............	.............
36	Hilton, A. B...........	130.00	.....................	.............	.............
37	Improvements...............	10,000.00	.....................	.............	.............
38	Insurance..............	711.28	.....................	711.28	.............
39	Insurance Mortgage...............	283.75	.....................	.........	.............
40	Interest Earned................	.....................	9,840.66	.............	9,840.00
41	" Paid...........	4,640.00	.....................	4,640.00	.............
42	" Mortgage Payable..............	11,120.00	.....................	11,120.00	.............
43	" Overdue Mtge. Pble......	.....................	120.00	.........	.............
44	" Mortgage Receivable.....	.....................	2,400.00	.............	2,400.66
45	" Overdue Mtge. Rec..	1,178.10	.....................	.........	.............
46	" Unearned..........	.....................	3,529.82	.............	1,400.08
47	Judgments...........	925.00	.....................	.............	.............
48	Kingslake Contracts..........	61,799.88	.....................	.........	.............
49	" Purchase........	1,272.11	.....................	.............	.............
50	" Gains.........	.....................	106,902.00	.............	.............
51	" Expense.........	83,370.60	.....................	.............	.............
52	" Lots..........	751.90	.....................	.............	.............
53	" Commissions..........	461.40	.....................	461.40	.............
54	" Owner...........	.....................	.....................	.............	.............
55	Ladore Contracts...........	30,506.00	.....................	.............	.............
56	" Purchase............	38,840.00	.....................	.............	.............
57	" Gains.........	.....................	25,470.00	.............	10,066.66
58	" Expense.........	4,229.04	.....................	.............	.............
59	" Commissions.........	.....................	1,580.00	.............	.............
60	" Town Lots.........	10,560.00	.....................	.............	.............

LAND COMPANY BALANCE - DECEMBER 31, 1916

	Real Estate	Contracts	Profits in Reserve	Accts. Receiv.	Accts. Payable	Balance Sheet Items
	Debit	Debit	Credit	Debit	Credit	Debit	Credit
1	.......	..........	.......	.......	.......	.......	$3,420.00
2	.......	.......	.......	.......	.......	.......	.......
3	.......	.......	.......	.......	.......	$738.02	.......
4	.......		.......	.......	.......	.......	81,340.00
5	.......	.......	.......	.......	.......	1,175.00	.......
6	.......	.......	.......	.......	.......	.......	.......
7	$1,250.00	.......	.......	.......	.......	.......	.......
8	.......	.......	.......	.......	.......	.................	.......
9	.......	.......	.......	.......	.......	.................	325.00
10	.......	.......	.......	.......	.......	.......	.......
11	.......	.......	.......	.......	.......	.......	305,000.00
12	.......	.......	.......	.......	.......	.......	.......
13	.......	.......	.......	.......	.......	.......	.......
14	.......	.......	.......	.......	.......	.......	.......
15	.......	$165,770.00	.......	.......	.......	.......	..............
16	.......	.......	.......	.......	..............	.......	8,002.40
17	8,640.00	.......	.......	.......	.......	.................	.......
18	.......	.......	.......	.......	.......	.......	.......
19	.......	.......	.......	.......	.......	.......	520.00
20	.......	2,205.00	.......	.......	.......	.......	.......
21	.......	.......	.......	.......	.......	.......	1,195.00
22	.......	.......	$1,210.00	.......	.......	.......	.......
23	.......	.......	.......	...............	.......	.......	.......
24	.......	.......	.......	.......	.......	.......	.......
25	.......	.......	.......	.......	.......	.......	.......
26	.......	.......	.......	.......	.......	548.50	.......
27	.......	1,915.00	.......	.......	..............	.......	.......
28	.......	.......	.......	.......	.......	.......	1,200.00
29	.......	.......	1,200.00	.......	.......	.......	.......
30	5,795.00	.......	.......	.......	.......	.......	.......
31	.......	.......	70,188.52	.......	.......	.......	.......
32	.......	1,827.42	.......	.......	.......	.......	.......
33	5,378.00	.......	.......	.......	.......	.......	.......
34	.......	.......	1,452.00	.......	.......	.......	.......
35	.......	.......	.......	.......	.......	985.00	.......
36	.......	.......	.......	$130.00	.......	.......	.......
37	10,000.00	.......	.......	.......	.......	.......	.......
38	.......	.......	.......	.......	.......	.......	.......
39	.......	.......	.......	.......	.......	283.75	.......
40	.......	.......	.......	.......	.......	.......	.......
41	.......	.......	.......	.......	.......	.......	.......
42	.......	.......	.......	.......	.......	.......	.......
43	.......	.......	.......	.......	.......	.......	120.00
44	.......	.......	.......	.......	.......	.......	.......
45	.......	.......	.......	.......	.......	1,178.10	.......
46	.......	.......	2,129.74	.......	.......	.......	.......
47	.......	.......	.......	925.00	.......	.......	.......
48	.......	61,799.88	.......	.......	.......	.......	.......
49	1,272.11	.......	.......	...............	..............	.......	.......
50	.......	.......	51,738.11	.......	.......	.......	.......
51	17,206.71	.......	.......	.......	.......	.......	.......
52	751.90	.......	.......	...............	.......	.......	.......
53	.......	.......	.......	.......	.......	.......	.......
54	.......	.......	.......	.......	.......	11,000.00	.......
55	.......	30,506.00	.......	.......	.......	.......	.......
56	45,569.04	.......	.......	.......	.......	.......	.......
57	.......	.......	15,404.00	.......	.......	.......	.......
58	.......	.......	.......	.......	.......	.......	2,500.00
59	.......	.......	.......	.......	.......	.......	1,580.00
60	10,560.00	.......	.......	.............	.......	.......	.......

THE ALPHA ANALYSIS OF TRIAL

Acct. Nos.	Accounts	Trial Balance		Profit & Loss
Acct. Nos.	Accounts	Debit	Credit	Debit	Credit
61	Life Insurance.....................	2,120.00	..........................	2,120.00	......................
62	Malvern Hill Contracts...............	37,467.00	..........................	...............	......................
63	" " Purchase............	34,057.00	..........................	...............	......................
64	" " Gains...........	..........................	23,022.00	...............	9,922.19
65	" " Expense.......	7.25	..........................	7.25	......................
66	Manning, R....................	..........................	212.00	...............	......................
67	Mortgage Deficiency Account......	.........	2,000.00	...............	......................
68	Mortgages Payable...........	..........................	257,422.30	...............	......................
69	" Receivable........	45,000.00	..........................	...............	......................
70	" in Settlement.......	5,250.00	..........................	...............	......................
71	Office Furniture.........	3,200.00	..........................	480.00	......................
72	" Fixtures......	3,156.00	..........................	473.40	......................
73	Options Granted..........	..........................	5,200.00	...............	......................
74	" Held........	3,400.00	..........................	...............	......................
75	Parkville Contracts..........	18,842.00	..........................	...............	......................
76	" Purchase........	..........................	8,725.00	...............	......................
77	" Gains...........	..........................	9,796.00	...............	1.87
78	" Expense.........	783.20	..........................	783.20	......................
79	" Commission........	275.00	..........................	275.00	......................
80	Petty Cash...........	75.00	..........................	.........	......................
81	Postage..................	725.00	..........................	725.00	......................
82	Profit & Loss..........	..........................	75,405.10	...............	......................
83	Profits...............	..........................	8,242.10	...............	8,242.10
84	Prospect Park Contract........	1,158.98	..........................	...............	......................
85	" " Gains........	..........................	1,576.00	...............	587.42
86	" " Purchase......	3,402.00	..........................	...............	......................
87	" " Expense......	85.00	..........................	85.00	......................
88	Real Estate................	473,130.13	..........................	.........	......................
89	Rent Account...........	..........................	5,780.00	...............	5,780.00
90	Repairs............	1,245.60	..........................	1,245.60	......................
91	Rinders, T............	280.00	..........................	.........	......................
92	" " Reserve.........	..........................	525.33	.........	......................
93	Robinson. J.. Trustee.........	..........................	210,418.52	.........	......................
94	Salaries..........	23,805.00	..........................	23,805.00	......................
95	So. Bay Farm Contracts...........	212,814.00	..........................	...............	......................
96	" " " Gains..........	..........................	239,657.65	...............	72,388.65
97	" " " Purchase...........	95,580.00	..........................	...............	......................
98	" Villa Contracts..........	32,850.00	..........................	...............	......................
99	" " " Gains...............	..........................	32,640.66	...............	5,019.86
100	" " " Purchase........	29,550.00	..........................	...............	......................
101	" " Front Purchase........	19,560.00	..........................	...............	......................
102	" " Expense...........	32,805.00	..........................	11,000.00	......................
103	" " Commissions............	4,750.00	..........................	4,750.00	......................
104	" Reserve..........	..........................	72,000.66	...............	......................
105	Sperry, J. M.............	422.00	..........................	...............	......................
106	Stationery & Printing............	472.00	..........................	472.00	......................
107	Stumpage................	..........................	6,250.00	...............	......................
108	Suspense............	750.00	..........................	...............	......................
109	Taxes...........	398.63	..........................	398.63	......................
110	" Mortgage..........	308.15	..........................	...............	......................
111	Torbay Heights Contracts.........	11,283.00	..........................	...............	......................
112	" " Purchase......	..........................	4,450.00	...............	......................
113	" " Gains........	..........................	5,220.00	...............	......................
114	" " Townley, J.R......	............	470.00	...............	......................
115	Treasury Stock......	22,000.00	..........................	...............	......................
116	Cash - Superintendent..........	120.00	..........................	...............	.....................
117	Cash in Bank................	7,990.40	..........................	.........	......................
		$1,621,588.86	$1,621,588.86	$99,158.48	$152,170.49

LAND COMPANY BALANCE - DECEMBER 31, 1916

	Estate Real	Contracts	\| Profits in Reserve	Accts. Receiv.	Accts. Payable	Balance Sheet Items
	Debit	Debit	Credit	Debit	Credit	Debit	Credit
61	.............	.............	.............	.............	.............	.............	.............
62	.............	37,467.66	.............	.............	.............	.............	.............
63	34,057.00	.............	.............	.............	.............	.............	.............
64	.............	.............	13,099.81	.............	.............	.............	.............
65	.............	.............	..........	.............	.............	.............	.............
66	.............	.............	.............	.............	$212.00	.............	.............
67	.............	.............	.............	.............	.............	.............	2,000.00
68	.............	.............	.............	.............	.............	.............	257,422.30
69	.............	.............	.............	.............	.............	45,000.00	.............
70	.............	.............	.............	.............	.............	5,250.00	.............
71	.............	.............	.............	.............	.............	2,720.00	.............
72	.............	.............	.............	.............	.............	2,682.60	.............
73	.............	.............	.............	.............	.............	.............	5,200.00
74	3,400.00	.............	.............	.............	.............	.............	.............
75	.............	8,837.05	.............	.............	.............	.............	.............
76	.............	.............	.............	........	.............	.............	3,950.00
77	.............	.............	4,564.18	.............	.............	.............	.............
78	.............	.............	.............	.............	.............	.............	.............
79	.............	.............	.............	.............	.............	.............	.............
80	.............	.............	.............	.............	.............	75.00	.............
81	.............	.............	.............	.............	.............	.............	.............
82	.............	.............	.............	.............	....................	.............	75,405.10
83	.............	.............	.............	.............	.............	.............	.............
84	.............	1,158.98	.............	.............	.............	.............	.............
85	.............	.............	694.87	.............	.............	.............	.............
86	3,402.00	.............	.............	.............	.............	.............	.............
87	.............	.............	.............	.............	.............	.............	.............
88	465,580.13	.............	.............	.............	.............	.............	.............
89	.............	.............	.............	.............	.............	.............	.............
90	.............	.............	.............	.............	.............	.............	.............
91	.............	.............	.............	.............	13.71	.............	.............
92	.............	.............	.............	.............	.............	.............	525.33
93	.............	.............	.............	.............	.............	.............	210,418.52
94	.............	.............	.............	.............	.............	.............	.............
95	.............	212,814.00	.............	.............	.............	.............	.............
96	.............	.............	167,269.00	.............	.............	.............	.............
97	107,580.00	.............	.............	.............	.............	.............	.............
98	.............	32,850.00	.............	.............	.............	.............	.............
99	.............	.............	27,620.14	.....................	.............	.............	.............
100	35,550.00	.............	.............	.............	.............	.............	.............
101	23,365.00	.............	.............	.............	.............	.............	.............
102	.............	.............	.............	.............	.............	.............	.............
103	.............	.............	.............	.............	.............	.............	.............
104	.............	.............	.............	.............	.............	.............	72,000.00
105	.............	.............	.............	422.00	.............	.............	.............
106	.............	.............	.............	.............	.............	.............	.............
107	.............	.............	.............	.............	.............	.............	.............
108	.............	.............	.............	.............	.............	750.00	.............
109	.............	.............	.............	.............	.............	.............	.............
110	.............	.............	.............	.............	.............	308.15	.............
111	.............	11,283.00	.............	.............	.............	.............	.............
112	.............	.............	.............	.............	.............	.............	4,450.00
113	.............	.............	5,220.00	.............	.............	.............	.............
114	.............	.............	.............	.............	470.00	.............	.............
115	.............	.............	.............	.............	.............	22,000.00	.............
116	.............	.............	.............	.............	.............	120.00	.............
117	.............	.............	.............	.............	.............	7,990.40	.............
	$779,356.89	$568,433.33	$361,790.37	$1,477.00	$695.71	$102,804.52	$1,036,573.65

Continue to:

Headaches Begone! A Systemic Approach To Healing Your Headaches

Don't Let Your Bike Seat Ruin Your Sex Life Book

Section 185. (4) Bills Payable (Cr. $81,340)

Description

Section 185. (4) Bills Payable (Cr. $81,340)

Search

My Books

Discover