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23
1. Payable to; invoice no. and amount; purchase order no.; verification slip and
approved by; account distribution; summary of voucher and payment summary.
3. Purchase order and other supporting documents.
5. So discounts will not be missed.
7. The unpaid file voucher really does away with the need for the subsidiary ledger.
8. Disagree. Vouchers may be cancelled if later there is a Purchase Return or
10. The question in this case is whether Joe should have the responsibility of writing the
checks from the check register. Although Joe is an honest person, I would not
SOLUTIONS TO CONCEPT CHECKS
Date Accounts Dr. Cr.
1.
Jan. 7
Purchases
1,200
Vouchers Payable
1,200
11
Equipment
2,100
Vouchers Payable
2,100
14
Vouchers Payable
1,200
Purchases Discount
60
Cash
1,140
2.
Mar. 11
Petty Cash
125
Vouchers Payable
125
23
Supplies
22
Delivery Expense
36
Vouchers Payable
58
3.
Apr. 15
Purchases
800
Vouchers Payable
800
19
Vouchers Payable
800
Purchases Returns and
Allowances
170
Vouchers Payable
630
4.
Apr. 6
Equipment
1,900
Vouchers Payable
1,900
14
Vouchers Payable
1,900
Vouchers Payable
950
Vouchers Payable
950
Date
Accounts
Dr.
Cr.
5.
a.
Sept. 3
Purchases
7,500
Vouchers Payable
7,500
18
Vouchers Payable
7,500
Cash
7,500
b.
Sept. 3
Purchases
7,275
Vouchers Payable
7,275
18
Vouchers Payable
7,275
Discount Lost
225
Cash
7,500
SOLUTIONS TO SET A EXERCISES
23A-1.
201X
July
6
Purchases
6
6
0
0
00
Vouchers Payable
6
6
0
0
00
9
Equipment
3
8
0
0
00
Vouchers Payable
3
8
0
0
00
15
Vouchers Payable
3
8
0
0
00
Equipment
3
8
00
Cash
3
7
6
2
00
16
Vouchers Payable
6
6
0
0
00
Purchases Discount
6
6
00
Cash
6
5
3
4
00
EXERCISES (CONTINUED)
23A-3.
201X
Nov.
10
Purchases
1
0
3
0
00
Vouchers Payable
1
0
3
0
00
14
Vouchers Payable
1
0
3
0
00
Purchases Returns and Allowances
5
9
0
00
Vouchers Payable
4
4
0
00
EXERCISES (CONTINUED)
23A-4.
201X
June
15
Equipment
9
4
0
00
Vouchers Payable
9
4
0
00
18
Vouchers Payable
9
4
0
00
Vouchers Payable
4
7
0
00
Vouchers Payable
4
7
0
00
SOLUTIONS TO SET B EXERCISES
23B-1.
201X
July
6
Purchases
7
1
0
0
00
Vouchers Payable
7
1
0
0
00
9
Equipment
3
5
0
0
00
Vouchers Payable
3
5
0
0
00
15
Vouchers Payable
3
5
0
0
00
Equipment
1
0
5
00
Cash
3
3
9
5
00
16
Vouchers Payable
7
1
0
0
00
Purchases Discount
2
1
3
00
Cash
6
8
8
7
00
EXERCISES (CONTINUED)
23B-3.
201X
Nov.
10
Purchases
1
0
5
0
00
Vouchers Payable
1
0
5
0
00
14
Vouchers Payable
1
0
5
0
00
Purchases Returns and Allowances
5
8
0
00
Vouchers Payable
4
7
0
00
EXERCISES (CONTINUED)
23B-4.
201X
Nov.
15
Equipment
8
9
0
00
Vouchers Payable
8
9
0
00
18
Vouchers Payable
8
9
0
00
Vouchers Payable
4
4
5
00
Vouchers Payable
4
4
5
00
23B-5.
(a)
201X
Oct.
14
Purchases
10
5
0
0
00
Vouchers Payable
10
5
0
0
00
26
Vouchers Payable
10
5
0
0
00
Cash
10
5
0
0
00
201X
Oct.
14
Purchases
10
2
9
0
00
Vouchers Payable
10
2
9
0
00
26
Vouchers Payable
10
2
9
0
00
Discount Lost
2
1
0
00
Cash
10
5
0
0
00
Copyright © 2016 Pearson Education, Inc.
23-10
SOLUTIONS TO SET A PROBLEMS
PROBLEM 23A-1
Sundry Accounts
Cr.
Dr.
00
00
00
00
00
0
0
0
4
6
0
0
0
4
4
0
1
6
1
PR
Account
Office Equip.
Petty Cash
Office
Supplies
Supplies
Postage Exp.
THE FAIR CORPORATION
VOUCHER REGISTER
Purchases
Dr.
00
0
0
2
1
Vouchers
Payable
Cr.
00
00
00
00
00
0
0
0
0
0
0
0
0
0
9
0
1
2
6
1
1
Check
No.
Date of
Payment
Payable
to
Tam Corp.
Petty Cash
Screen Corp.
Linette Corp.
Cash
Voucher
Number
300
301
302
303
304
Date
201X
8
12
14
15
29
June
