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The Abad Santos Trading Co. installed a voucher system on April 1, 2012 as part of its program to strengthen control over cash payments. The

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The Abad Santos Trading Co. installed a voucher system on April 1, 2012 as part of its program to strengthen control over cash payments. The following accounts payable for merchandise were closed and individually vouchered (start with Voucher No. 10). Amount Voucher Date Creditor Terms Outstanding Number Mar. 15 Juana Sandoval 1/20, n/60 P14,000 10 20 Edgar Rodriguez 2/10,1/15,n/60 10,000 11 28 Armida Trading n/30 30,000 12 P54,000 During the month of April 2012, vouchers were prepared and check were issued for the following transactions: April 2 Received goods from Marikina Fish Co. P7,000. Invoice No. 1111. Terms: 1/10, n/30 (Voucher No. 13). Accounting 2 - Partnership and Corporation Accounting 15 3 Bought office table from Pacific Office Machines P6,000, Invoice No. 2022, Terms n/60 (Voucher No. 14). 4 Purchased merchandise from Derby goods, Inc. P19,000, Invoice No. 3712. Terms P9,000 down payment per check no. 099, balance in 30 days (voucher 15 and 16). 4 Issued check no. 100 to Juana Sandoval in payment of voucher no. 10. 5 Freight bill on office table bought from Pacific Office Machine was paid to LBC rucking P500, Invoice No. 1619. (Voucher no. 17 and check no. 101). 7 Paid monthly rental of P10,000 to RST Realty, Invoice No. 1948. (Voucher no. 18 and check no. 102) 8 Cash purchases of merchandise P12,000 from ABC Co., Invoice No. 1738. (Voucher no. 19 and check no. 103). 10 Purchased office supplies from Alemar's with an invoice price of P2,000 less 2% trade discount per Invoice No. 1979. (Voucher number 20 and check no. 104). 15 Prepared voucher no. 21 for payroll of P50,000 less P5,000 with holding tax and issued check no. 105 in payment thereof 18 Bought merchandise from Steel Enterprises, Invoice no. 7832 for P10,000 Terms 1/20, n/60. (Voucher No. 22) 19 Freight bill on the above was paid to BCD Delivery Service P800 per Invoice No. 7699. (Voucher no. 23 and check no. 106) 20 Bought office chairs from Pacific Office Machines P3,000 less 2% trade discount Terms n/30 per Invoice No. 2333. (Voucher No. 24) 25 Bought office supplies from National Bookstore P5,000. Invoice No. 9988. Terms 1/10, /60 (Voucher No. 25). 26 Returned defective office supplies to National Bookstore P500 (cancel voucher no.25 and prepare voucher no.26) 30 Prepared voucher no. 27 for payroll of P50,000 less SSS premium payable of P1,500 and issued check no. 107.Required: 1. Record the above transactions in the voucher register providing columnar headings for Vouchers Payable, CR; Purchases, DR; Ofce Furniture DR: Ofce Supplies, DR; Sundry. DR and GR in the check register. 2. Add the columns of the voucher register and check register and post to T accounts. 3. Prepare a schedule of vouchers payable. 4. Prepare a T-account for Vouchers Payable and post all transactions affecting this account . Determine the balance. The balance must equal to the total of the schedule of Vouchers Payable

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