Fox Company Uses a Voucher System $\quad$ Purchased $\$ 4,750$ Of Merchandise; Terms

Essay

Fox Company uses a voucher system.The following transactions were completed:
May 3 $\quad$ Purchased $\$ 4,750$ of merchandise; terms $2 / 10 , \mathrm { n } / 30$
$\quad$ $\quad$ $\quad$ Prepared voucher $\# 205$ .
May $\quad$ 13 Paid voucher $\# 205$ .
Required: Prepare journal entries to record the above transactions.Assume Fox Company uses the gross approach method for recording purchases.Omit explanations.