Ledger Entry Question

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  • November 2, 2009 at 6:08 pm
    PlainJane
    Member

    We just received our Pet Shop & Book Store “Your Business Math” books and the girls are already excitedly digging in.  I’m not an accountant-type person and didn’t know how to answer my daughter’s question on the Ledger Entries.  On the Ledger example it shows the inventory Money Out and Balance amounts, that I get, but we don’t see any explanation for the space following those amounts where the “00”, “20”, or “80” are, what do those numbers represent?  A percentage of something?  Is there an explanation of it somewhere in the book that I’m missing?   

    November 2, 2009 at 6:55 pm
    Jodie Apple
    Participant

    Those numbers represent the cents.  For example, the first one is 10,000 dollars and 00 cents.  The next one is 714 dollars and 20 cents.  And so on.

    November 2, 2009 at 7:00 pm
    PlainJane
    Member

    Oh my, haha, thanks mj.  Do I ever feel stupid.  I guess it threw me with the big space between the dollar amount and the cents.  Thanks again.

    Jane

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