Exercise 2 The Stokes Company uses a voucher system and records invoices at gross Record the following transactions in the voucher register and or check register as appropriate 201X Dec 1Voucher no 300 was prepared for the purchase of $5,000 worth of merchandise inventory from Rodgers Company terms 2 10, n 30 Dec 2Voucher no 301 was prepared for freight in that was to be paid to Labaro Company, $360 Dec 3Office supplies were purchased from Mabin Company for $480 terms 2 10, n 30 voucher no 302 was prepared Dec 8Check no 610 was issued in payment of voucher no 300 Dec 10Purchased office equipment from Hanks Company for $9,400 payment is to be in two equal installments Vouchers nos 303 and 304 were prepared to cover these payments Dec 12Check no 611 was issued to pay voucher no 303 Dec 12Check no 612 was issued to pay voucher no 301 Dec 18Purchased $8,000 of merchandise from Lou Corporation terms 2 10, n 30 voucher no 305 was prepared Dec 20Purchased $3,300 of merchandise from Ken Company terms 2 10, n 30 voucher no 306 was prepared Dec 25Check no 613 was issued to pay voucher no 305 Dec 27Returned $800 of merchandise bought from Ken Company voucher no 306 was canceled and voucher no 307 was prepared Dec 29Issued check no 614 to pay voucher no 307

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Exercise #2: The Stokes Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register

Exercise #2:The Stokes Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:

201X

Dec. 1Voucher no. 300 was prepared for the purchase of $5,000 worth of merchandise inventory from Rodgers Company terms 2/10, n/30.
Dec. 2Voucher no. 301 was prepared for freight-in that was to be paid to Labaro Company, $360.
Dec. 3Office supplies were purchased from Mabin Company for $480; terms 2/10, n/30; voucher no. 302 was prepared.
Dec. 8Check no. 610 was issued in payment of voucher no. 300.
Dec. 10Purchased office equipment from Hanks Company for $9,400; payment is to be in two equal installments. Vouchers nos. 303 and 304 were prepared to cover these payments.
Dec.12Check no. 611 was issued to pay voucher no. 303.
Dec. 12Check no. 612 was issued to pay voucher no. 301.
Dec. 18Purchased $8,000 of merchandise from Lou Corporation terms 2/10, n/30; voucher no. 305 was prepared.
Dec. 20Purchased $3,300 of merchandise from Ken Company; terms 2/10, n/30; voucher no. 306 was prepared.
Dec. 25Check no. 613 was issued to pay voucher no. 305.
Dec. 27Returned $800 of merchandise bought from Ken Company; voucher no. 306 was canceled and voucher no. 307 was prepared.
Dec. 29Issued check no. 614 to pay voucher no. 307.