Grant Company records invoices at gross in its voucher system. From the following transactions, (a) record in general journal form the appropriate entries at gross and (b) record the entries as if Grant Company recorded invoices at net.
201X
Oct. 14 Bought merchandise on account from Kennet Corporation; terms 2/10, n/30, $10,500. Voucher no. 304 was prepared.
26 Issued check no. 560 in payment of voucher no. 304.