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

Requirements 

1. Journalize the transaction required by Kingston Tires on September 23, 2024. 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, 2024, 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, 2024, to Fields Distribution, Inc. Do not round numbers to the nearest whole dollar.

Transcribed Image Text:

AMMONITE TU Invoice date: September 23, 2024 Sold to: Kingston Tires FIELDS DISTRIBUTION, INC. 7290 S. Prospect Street Ravenna, OH 44266 6678 Diamond Avenue Ravenna, OH 44266 Description D39-X4 Radials M223 Belted-bias Q92 Truck tires Total Due date: October 3, 2024 October 4 through October 23, 2024 Quantity Shipped 4 10 6 www Payment terms: 1/10, n/30 Price $38.12 42.84 58.12 Amount: $920.30 $929.60 Amount $152.48 428.40 348.72 $929.60