Total 5 Questions.#1:When you look at the details ofthe most recentKellogg’s Annual Report, can you conclude whether or not Kelloggs uses a voucher system? Explain.#2:The Stokes Company uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:201XDec. 1 Voucher no. 300 was prepared for the purchase of $5,000 worth of merchandise inventory from Rodgers Company terms 2/10, n/30.Dec. 2 Voucher no. 301 was prepared for freight-in that was to be paid to Labaro Company, $360.Dec. 3 Office supplies were purchased from Mabin Company for $480; terms 2/10, n/30; voucher no. 302 was prepared.Dec. 8 Check no. 610 was issued in payment of voucher no. 300.Dec. 10 Purchased office equipment from Hanks Company for $9,400; payment is to be in two equal installments. Vouchers nos. 303 and 304 were prepared to cover these payments.Dec.12 Check no. 611 was issued to pay voucher no. 303.Dec. 12 Check no. 612 was issued to pay voucher no. 301.Dec. 18 Purchased $8,000 of merchandise from Lou Corporation terms 2/10, n/30; voucher no. 305 was prepared.Dec. 20 Purchased $3,300 of merchandise from Ken Company; terms 2/10, n/30; voucher no. 306 was prepared.Dec. 25 Check no. 613 was issued to pay voucher no. 305.Dec. 27 Returned $800 of merchandise bought from Ken Company; voucher no. 306 was canceled and voucher no. 307 was prepared.Dec. 29 Issued check no. 614 to pay voucher no. 307.#3:Sabin Corporation uses a voucher system and records invoices at gross. Record the following transactions in the voucher register and/or check register as appropriate:201XJuly 5 Purchased merchandise for $1,900 from Daisy Company; terms 5/10, n/30; voucher no. 280 was prepared authorizing payment on July 15.July 8 Purchased merchandise for $8,000 from Hank Company; terms 2/10, n/30; voucher no. 281 was prepared authorizing payment on July 18.July 15 Paid amount due Daisy Company from voucher no. 280; check no. 91.July 18 Paid amount due Hank Company from voucher no. 281; check no. 92.July 29 Voucher no. 282 was prepared for July rent to be paid to Lamar Realty, $2,300.July 30 Purchased office equipment for $3,400 from Lucky Company; voucher no. 283 was prepared.July 30 Paid amount due Lamar Realty from voucher no. 282; check no. 93.#4: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:201XDec. 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.#5:Gordon Company records invoices at gross in its voucher system. From the following transaction, (a) record in general journal form the appropriate entries at gross and (b) record the entries as if Gordon Company recorded invoices at net.201XOct. 13 Bought merchandise on account from Joyce Corporation; terms 2/10, n/30, $8,000. Voucher no. 303 was prepared.Oct. 25 Issued check no. 570 in payment of voucher no. 303
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