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Buzz Corporation Uses a Voucher System and the Periodic Inventory

Question 72

Essay

Buzz Corporation uses a voucher system and the periodic inventory method. Record the following transactions in general journal format. Omit the explanations.
Nov. 8 Purchased office equipment from Bell Company, $1,500; voucher no. 200 was prepared.
Nov. 12 Established a petty cash fund of $200; voucher no. 101 was prepared.
Nov. 14 Purchased merchandise from Kelly Corporation, $2,100; voucher no. 102 was prepared.

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