Ray's New Higher Arithmetic · Arts. 64–66 · Unit 5: Multiplication
13. Bills, receipts and statements
Goal: Your student reads and makes out a bill, writes a receipt, and checks a statement of account.
You'll need
- The book
- A slate, small whiteboard or scrap paper
- A notebook and pencil
What's in the book
Business terms: bills, receipts and statements of account, with printed models, then three problems: make out bills from the facts given (for example, flour bought at Springfield, Illinois, in 1879). Totals are printed.
The lesson, step by step
Warm-up
Mental: 30 barrels at $6 each; 12 pounds at 15 cents.
The terms
Read:
A Bill is an account of goods sold or delivered, services rendered, or work done.
A Receipt is a written acknowledgment of payment.
A Statement of Account is a written form rendered to a customer, showing his debits and credits
Look at each model on the page.
Old customs
A bill of 1880 names the buyer, the seller, the place and date, then each item with quantity, price and extension (quantity × price). "Rec'd payment" with the seller's name makes the bill a receipt.
Work the first problem together
Read the first problem, beginning:
Joseph Allen bought of Seth Ward, at Springfield, Ill., Jan. 2, 1879, 30 barrels of flour
Rule a bill in the notebook. Multiply out each line, then add the extensions.
Independent practice
Your student makes out the other two bills neatly, with headings, dates and totals.
Check
The book prints the totals. If a total is off, check each extension first.
Wrap-up
Your student writes a receipt for the first bill, as if they were the seller.
Tip
A neat, ruled bill is the goal. Let your student design a letterhead for an imaginary shop.