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Exercise #4: The Stearns Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register

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Exercise #4: The Stearns 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. 1 Voucher no. 400 was prepared for the purchase of $4,500 worth of merchandise inventory from Rolo Company; terms 2/10, n/30. Dec. 2 Voucher no. 401 was prepared for freight- that was to be paid to Langston Company, $340. . Dec. 3 Office supplies were purchased from Mab Company for $430; terms 2/10, n/30; voucher no. 402 was prepared. . Dec. 8 Check no. 560 was issued in payment of voucher no. 400. . Dec. 10 Purchased office equipment from Huer Company for $9,800; payment is to be in two equa installments. Voucher nos. 403 and 404 were prepared to cover these payments. . Dec. 12 Check no. 561 was issued to pay voucher no. 403. . Dec. 12 Check no. 562 was issued to pay voucher no. 401. . Dec. 18 Purchased $7,000 of merchandise from Lo Corporation; terms 2/10, n/30; voucher no. 405 was prepared. . Dec. 20 Purchased $3,100 of merchandise from Kote Company; terms 2/10, n/30; voucher no. 406 was prepared. . Dec. 25 Check no. 563 was issued to pay voucher no. 405

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