Button Corporation Uses a Voucher System $\quad$ Turchased Office Equipment from Tram Company, $800; Voucher No

question 33

Essay

Button Corporation uses a voucher system.Record the following transactions in general journal format.Omit the explanations.
Nov. 8 $\quad$ Turchased office equipment from Tram Company, $800; voucher no. 200was prepared.
Nov. 12 $\quad$ Established a petty cash fund of $80; voucher no. 201 was prepared.
Nov. 14 $\quad$ Turchaged merchandise from Carr Corporation, 202; voucher no. 202 was prepared.

---

Definitions:

Contra Asset

An account listed in a company's balance sheet that is used to reduce the balance of a related asset account, showing the amount that effectively reduces the original asset's value.

Maturity

The time at which a financial obligation must be repaid or settled in full.

Notes Receivable

Financial assets representing amounts owed to a company by others, typically from loans or credit extended, evidenced by promissory notes.

Journal Entry

The form of recording a transaction in a journal.