Acorn Company, which is a medium-sized firm, uses a voucher system. Record each of the following entries in general journal form. Assume that Acorn Company records all vouchers at gross.
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July 6 Voucher no. 50 was prepared for the purchase of $7,100 of merchandise on account from Mark Company; terms 3/10, n/30.
9 Voucher no. 51 was prepared for the purchase of $3,500 of equipment on account; terms 3/10, n/30.
15 Check no. 55 was issued in payment of voucher no. 51.
16 Check no. 56 was issued in payment of voucher no. 50.