The Swellon Company uses a voucher system and records invoices at gross. Record the following transactions in
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The Swellon Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:
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201X Dec. 1 Voucher no. 250 was prepared for the purchase of $3,600 worth of merchan- dise inventory on account from Rodney Company; terms 2/10, n/30. 2 Voucher no. 251 was prepared for freight-in that was to be paid to Labatt Company, $330. 3 Office supplies were purchased on account from Marsha Company for $500; terms 2/10, n/30; voucher no. 252 was prepared. 8 Check no. 640 was issued in payment of voucher no. 250. 10 Purchased office equipment on account from Hanks Company for $9,800; payment is to be in two equal installments. Voucher nos. 253 and 254 were prepared to cover these payments. 12 Check no. 641 was issued to pay voucher no. 253. 12 Check no. 642 was issued to pay vaucher no. 251. 18 Purchased $6,000 of merchandise on account from Lenny Corporation; terms 2/10, n/30; voucher no. 255 was prepared. 20 Purchased $2,800 of merchandise on account from Kull Company; terms 2/10, n/30; voucher no. 256 was prepared. 25 Check no. 643 was issued to payvaucher no. 255. 27 Returned $1,050 of merchandise bought from Kull Company; voucher no. 256 was canceled and voucher no. 257 was prepared. 29 Issued check no. 644 to pay voucher no. 257.
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College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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