The Sikes Company uses a voucher system and records invoices at gross. Record the following transactions in
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The Sikes Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:
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201X Oct. 1 Voucher no. 500 was prepared for the purchase of $4,000 worth of merchan- dise inventory on account from Roland Company; terms 2/10, n/30. 2 Voucher no. 501was prepared for freight-in that was to be paid to Labaro Company, $290. 3 Office supplies were purchased on account from Macaskill Company for $490; terms 2/10, n/30; voucher no. 502 was prepared. 8 Check no. 630 was issued in payment of voucher no. 500. 10 Purchased office equipment on account from Herm Company for $10,900; payment is to be in two equal installments. Vouchers nos. 503 and 504 were prepared to cover these payments. 12 Check no. 631 was issued to pay voucher no. 503. 12 Check no. 632 was issued to pay voucher no. 501. 18 Purchased $6,200 of merchandise on account from Lou Corporation; terms 2/10, n/30; voucher no. 505 was prepared. 20 Purchased $2,900 of merchandise on account from Karl Company; terms 2/10, n/30; voucher no. 506 was prepared. 25 Check no. 633 was issued to pay voucher no. 505. 27 Returned $1,250 of merchandise bought from Karl Company; voucher no. 506 was canceled and voucher no. 507 was prepared. 29 Issued check no. 634 to pay voucher no. 507.
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THE SIKES COMPANY CHECK REGISTER Date 201X Check No Payable to Voucher No Vouchers Payable ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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