Watts Company records invoices at gross in its voucher system. From the following transactions,
(a) Record in general journal form the appropriate entries at gross
(b) Record the entries as if Watts Company recorded invoices at net.
201X
July 11 Bought merchandise on account from Norman Corporation; terms 2/10, n/30, $7,000. Voucher no. 295 was prepared.
24 Issued check no. 630 in payment of voucher no. 295.