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Requirement 1. Journalize the transaction required by Murphy Tires on September 23, 2018. Do not round numbers to the nearest whole dollar. Assume tires are
Requirement 1. Journalize the transaction required by Murphy Tires on September 23, 2018. Do not round numbers to the nearest whole dollar. Assume tires are purchased on account. (Record debits first, then credits. Select the explanation on the last line of the journmal entry table.) Date Debit Sep. 23 Merchandise Inventory 819 22 Accounts Payable 819 22 Purchased inventory on account Requirement 2. Journalize the retum on Murphy's books on September 28, 2018, of the D39-X4 Radials, which were ordered by mistake. Do not round numbers to the nearest whole dollar. (Record debits first, then credits Select the explanation on the last line of the jounal entry table) Date Debit Credit Sep 28 Accounts Payable 174 30 Merchandise Inventory 74 30 Returned inventory to seller (vendor). debits first, then credits. Select the Figure Date Oct. 1 Kurtis Distribution, Inc. 7290 S. Prospect Street Ravenna, OH 44266 Invoice date: Septomber 23, 2018 Sold tor Murphy Tires Payment terms: 1/10,n/30 6678 Diamond Avenue Ravenna OH 44266 D39-X4 Radials M223 Belted-bias 092 Truck tires $34.86$174.30 $44.26 S309.82 $55.85 $335.10 $819.22 Due date October 3, 2018 October 4 througn October 23, 2018 $811.03 $819.22 Print Done
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