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Journalizing purchase transactions from an invoice Kingston Tires received the following invoice from a supplier Fields Distribution Inc Requirements 1 Journalize the transaction required by

Journalizing purchase transactions from an invoice Kingston Tires received the following invoice from a supplier (Fields Distribution, Inc.):

Requirements

1. Journalize the transaction required by Kingston Tires on September 23, 2016. Do not round numbers to the nearest whole dollar. Assume tires are purchased on account.

2. Journalize the return on Kingston’s books on September 28, 2016, of the D39–X4 Radials, which were ordered by mistake. Do not round numbers to the nearest whole dollar.

3. Journalize the payment on October 1, 2016, to Fields Distribution, Inc. Do not round numbers to the nearest whole dollar.

Apr 21 2020 View more View Less

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