The Abad Santos Trading Co, installed a voucher system on April 1,2012 as part of is program to strengthen control over cash payments. The following accourts payable for merchandise were closed and individually vouchered (start with Voucher No. 10). During the month of April 2012, vouchers were prepared and check were issued for the following transactions: Apeil 2 Received goods from Markina Fish Co. P7,000. Invice No 1111. Tems: 110, n30 (Voucher No, 13) Accounting 2 - Partnenhip and Corporation Acecunting 15 3 Bought office table from Paofic Office Machines P6,000, Invoice Na. 2022. Tems a 60 (Voucher No 14). 4 Purchased merchandise from Derty goods, Inc. P19.000, Invoice No 312. Terts P9,000 down payment per check no, 099, belgnae in 30 dbs (voucher 15 and 16 ). 4 issued check ne. 100 to Juane Sendoval in payment of voucher no. 10 . 5 Freigat bill on office tabie bought from Pacfic Oflice Machine was paid to LBC noing P500, invoice No. 1619. (Voucher no. 17 and check no. 101) 7 Paid montily rental of P10,000 is RST Realty, Invice No. 1948. (Voucher no. 18 and check no. 102). 8 Cash purchases of merchandise P12,000 from ABC Co, invoice No, 1736. Noucher no. 19 and check no. 103). 10. Purchased oflice supplies trom Alemar's with an inoice price of P2.000 less 2s trabe discount per lmvice No. 1979. (Voucher number 20 and check no, 104). 15 Prepared voucher no. 21 for payoll of PS0,000 less PS,000 with holding tar and issued check no. 105 in payment thereof 18 Bought merchandise trom Slee Enterpeses, Invice no. 7630 for P10,000 Tems 120 N60. (Voucher No. 22) 19. Freight bill on the above was paid to BCD Delvery Service P600 per invoice No. 763 (Voucher no. 23 and check no. 106) 20 Bought office thars from Pacic Ofice Machines P3 000 less 2% trace dsoburt Tems n/30 per invoice No. 2333. (Voucher No.24) 25 Bought office supplies from Natienal Bookstore P5,000. Invoice Ne. 9968 . Terns 170. neO (Voucher No. 25). 26 Retumed defective ofice supplies to National Bookstore PSO0 (cancel voucher no 25 and prepare voucher no 25 ) 30. Prepared voucher no. 27 for payrol of P50,000 less SSS premium payabie of P1 500 and issued theck no. 107 . Required: 1. Record the above transactions in the voucher register providing columnar headings for Vouchers Payable, CR; Purchases, DR; Office Fumiture DR; Ollice Supplies, DR: Sundry, DR and CR 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 aflecting this account. Determine the balance. The balance must equal to the total of the schedule of Vouchers Payable. The Abad Santos Trading Co, installed a voucher system on April 1,2012 as part of is program to strengthen control over cash payments. The following accourts payable for merchandise were closed and individually vouchered (start with Voucher No. 10). During the month of April 2012, vouchers were prepared and check were issued for the following transactions: Apeil 2 Received goods from Markina Fish Co. P7,000. Invice No 1111. Tems: 110, n30 (Voucher No, 13) Accounting 2 - Partnenhip and Corporation Acecunting 15 3 Bought office table from Paofic Office Machines P6,000, Invoice Na. 2022. Tems a 60 (Voucher No 14). 4 Purchased merchandise from Derty goods, Inc. P19.000, Invoice No 312. Terts P9,000 down payment per check no, 099, belgnae in 30 dbs (voucher 15 and 16 ). 4 issued check ne. 100 to Juane Sendoval in payment of voucher no. 10 . 5 Freigat bill on office tabie bought from Pacfic Oflice Machine was paid to LBC noing P500, invoice No. 1619. (Voucher no. 17 and check no. 101) 7 Paid montily rental of P10,000 is RST Realty, Invice No. 1948. (Voucher no. 18 and check no. 102). 8 Cash purchases of merchandise P12,000 from ABC Co, invoice No, 1736. Noucher no. 19 and check no. 103). 10. Purchased oflice supplies trom Alemar's with an inoice price of P2.000 less 2s trabe discount per lmvice No. 1979. (Voucher number 20 and check no, 104). 15 Prepared voucher no. 21 for payoll of PS0,000 less PS,000 with holding tar and issued check no. 105 in payment thereof 18 Bought merchandise trom Slee Enterpeses, Invice no. 7630 for P10,000 Tems 120 N60. (Voucher No. 22) 19. Freight bill on the above was paid to BCD Delvery Service P600 per invoice No. 763 (Voucher no. 23 and check no. 106) 20 Bought office thars from Pacic Ofice Machines P3 000 less 2% trace dsoburt Tems n/30 per invoice No. 2333. (Voucher No.24) 25 Bought office supplies from Natienal Bookstore P5,000. Invoice Ne. 9968 . Terns 170. neO (Voucher No. 25). 26 Retumed defective ofice supplies to National Bookstore PSO0 (cancel voucher no 25 and prepare voucher no 25 ) 30. Prepared voucher no. 27 for payrol of P50,000 less SSS premium payabie of P1 500 and issued theck no. 107 . Required: 1. Record the above transactions in the voucher register providing columnar headings for Vouchers Payable, CR; Purchases, DR; Office Fumiture DR; Ollice Supplies, DR: Sundry, DR and CR 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 aflecting this account. Determine the balance. The balance must equal to the total of the schedule of Vouchers Payable
