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: (The two pictures above are for formatting purposes only. Do not use information in the pictures)

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-in that was to be paid to Langston Company, $340.

Dec. 3 Office supplies were purchased from Mabra 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 equal 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 Lou 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.

Dec. 27 Returned $1,100 of merchandise bought from Kote Company; voucher no. 406 was canceled and voucher no. 407 was prepared.

Dec. 29 Issued check no. 564 to pay voucher no. 407.

CHAPTER 23 The Voucher System 799 FIGURE 23.5 Check Register CHECK REGISTER Vouchers Purchases Cash Bank Voucher Payable Discount in Bank Number D Check Date Number Payable to 201X Cr. sits Bal. 4 000 00 55 200 100000 112700 1700 4 6000 46000 250 Moore Co. 4 54 Ron Co. 1200 24 23 42500 50000 55 Beam Ent 4 9000 441 000 400000 865 Internal Revenue 42 966 Pavroll 820000 43 400000 (212) (514) LEARNING UNIT 23-1 REVIEW AT THIS POINT you should be able to do the following: List and define the components of a voucher system. Explain the steps to record and pay a voucher. . Discuss why the unpaid voucher file is recorded by due dates. eInstant Replay a) Self-Review Quiz 23-1 1. All companies use the same voucher system. Respond true or false to the following 2. Supporting documents are attached to a voucher. 3. The account distribution is used to record the voucher in the voucher register. 4. Vouchers are recorded in the voucher register in alphabetical order. 5. A schedule of vouchers payable can be prepared from the unpaid voucher file at the end of the month Solutions to Instant Replay: Self-Review Quiz 23-1 1. False2. True 3. True 4. False 5. True L02 LEARNING UNIT 23-2 RECOrDING ADDITIONAL TRANSACTIONS IN A VOUCHER SYSTEM Situation 1: Purchases Returns and Allowances after Voucher Has Been Recorded On December 26, Jones Company prepared voucher no. 32 for merchandise that was bought from Booth Company for $400. The accoutnt