The Gentleman from Indiana

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1917 edition. Excerpt: ... (6) Columns for Discount on Purchases and Discount on Notes on the same side of the Cash Book; (c) Columns for Discount on Sales and Cash Sales on the debit side of the Cash Book; (d) Departmental columns in the Sales Book and in the Purchase Book. Controlling Accounts.--The addition of special columns in books of original entry makes possible the keeping of Controlling Accounts. The most common examples of such accounts are Accounts Receivable account and Accounts Payable account. These summary accounts, respectively, displace individual customers' and creditors' accounts in the Ledger. The customers' accounts are then segregated in another book called the Sales Ledger or Customers' Ledger, while the creditors' accounts are kept in the Purchase or Creditors' Ledger. The original Ledger, now much reduced in size, is called the General Ledger. The Trial Balance now refers to the accounts in the General Ledger. It is evident that the task of taking a Trial Balance is greatly simplified because so many fewer accounts are involved. A Schedule of Accounts Receivable is then prepared, consisting of the balances found in the Sales Ledger, and its total must agree with the balance of the Accounts Receivable account shown in the Trial Balance. A similar Schedule of Accounts Payable, made up of all the balances in the Purchase Ledger, is prepared, and it must agree with the balance of the Accounts Payable account of the General Ledger." The Balance Sheet.--In the more elementary part of the text, the student learned how to prepare a Statement of Assets and Liabilities for the purpose of disclosing the net capital of an enterprise. In the present chapter he was shown how to prepare a similar statement, the Balance Sheet. For all practical...

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About the author (2009)

Newton Booth Tarkington was born in Indianapolis, Indiana on July 29, 1869. By the age of sixteen he had written a fourteen-act melodrama about Jesse James. Tarkington was educated at Phillips Exeter Academy, then spent his first two years of college at Purdue, and his last two at Princeton. He was a founder of the Triangle Club, and editor of the Nassau Literary Magazine, a contributor of humorous drawings and literary wit to The Tiger. When his class graduated in 1893, he lacked sufficient credits for a degree. His later achievements, however, won him an honorary A.M. in 1899 and an honorary Litt.D. in 1918. Upon leaving Princeton in 1893 he returned to Indiana determined to pursue a career as a writer. Tarkington was an early member of The Dramatic Club, founded in 1889, and often wrote plays and directed and acted in its productions. After a five-year apprenticeship full of publishers' rejection slips, Tarkington enjoyed a huge commercial success with The Gentleman from Indiana, published in 1899. He cemented his fame with Monsieur Beaucaire, published in 1900, a historical romance later adapted into a movie starring Rudolph Valentino. The political knowledge Tarkington acquired while serving one term in the Indiana house of representatives formed In the Arena, a collection of short stories that drew praise from President Theodore Roosevelt for its realism. In collaboration with dramatist Harry Leon Wilson, Tarkington wrote The Man from Home, the first of many successful Broadway plays. Following a decade in Europe, Tarkington returned to Indianapolis and won a new readership with the publication of The Flirt, the first of his novels to be serialized in the Saturday Evening Post. Equally successful was Seventeen, a nostalgic comedy of adolescence that subsequently inspired a play, two Broadway musicals, and a pair of film adaptations as well as Tarkington's sequel novel Gentle Julia. Tarkington broke new artistic ground with The Turmoil in 1915, the first novel in his so-called Growth trilogy. The Magnificent Ambersons, the second work in the series, earned Tarkington the Pulitzer Prize. His work Alice Adams also won the Pulitzer in 1921. Tarkington produced a total of 171 short stories, 21 novels, 9 novellas, and 19 plays along with a number of movie scripts, radio dramas, and even illustrations over the course of a career that lasted from 1899 until his death in 1946. Cataracts gradually diminished his sight, and in 1930 he went completely blind. Surgeries successfully returned a part of his vision a year later, but his vitality was diminished. He turned primarily to children's stories in the final phase of his career, while also becoming a significant collector of art. He died in 1946 after an illness.

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