The voucher system of control: multiple choice is a set of procedures and approvals designed to control cash receipts and the acceptance of liabilities. establishes procedures for verifying, approving, and recording liabilities for eventual cash payment. establishes procedures for receiving checks for the sale of verified, approved, and recorded activities. applies only when multiple purchases are made from the same supplier. is required in large companies but not beneficial for small to mid-sized companies.

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During march, the business engaged in the following transactions: a. borrowed $45,000 from the bank and signed a note payable in the name of the business. b. paid cash of $40,000 to acquire land. c. performed service for a customer and received cash of $5,000. d. purchased supplies on account, $300. e. performed customer service and earned revenue on account, $2,600. f. paid $1,200 on account. g. paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. received $3,100 on account. i. received a $200 utility bill that will be paid next week. j. paid cash dividends of $1,800. required: 1.) prepare journal entries for each transaction. enter journal entries by the transaction letter. 2.) prepare the trial balance of my motors, inc. at march 31, 20xx. 3.) prepare financial statements for my motors, inc. for the period ending march 31, 20xx. (income statement and balance sheet)

The group of people most likely to purchase a company's products are referred to as the company's marketing mix. target market. primary audience. advertising audience.