Answer Number 21 and 22

Kingston Tires received the following invoice from a supplier (Fields Distribution, Inc.) FIELDS DISTRIBUTION, INC. 7290 S. Prospect Street Ravenna, OH 44286 Invoice date: September 23, 2024 Sold to: Kingston Tires 6678 Diamond Avenue Ravenna, OH 44266 Payment terms: 1/10, n/30 Description Quantity Shipped Price Amount D39-X4 Radials M223 Belted-blas 092 Truck tires 10 $38.12 42.84 58.12 $152.48 428.40 348.72 Total 929.60 Due date: October 3, 2024 October 4 through October 23, 2024 Amount: $920,30 $929.60 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 F:5-22 Journalizing purchase transactions Howie Jewelers had the following purchase transactions. Journalize all necessary trans- actions. Explanations are not required. Jun. 20 20 Jul 4 14 16 Purchased inventory of 55,100 on account from Sanders Diamonds, a Jewelry importer. Terms were 2/15, 1/45, FOB shipping point. Paid freight charges, 5400. Returned 5600 of inventory to Sanders. Paid Sanders Diamonds, less return Purchased inventory of 53,500 on account from Southboro Diamonds, a jewelry importer. Terms were 2/10, VEOM, FOB destination. Received a $300 allowance from Southboro Diamonds for damaged but usable goods Paid Southboro Diamonds, less allowance and discount 18 24