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Ross Distribution, Inc. 7290 S. Prospect Street Ravenna, OH 44266 Invoice date: September 23, 2018 Sold to: Anderson Tires 6678 Diamond Avenue Ravenna, OH 44266
Ross Distribution, Inc. 7290 S. Prospect Street Ravenna, OH 44266 Invoice date: September 23, 2018 Sold to: Anderson Tires 6678 Diamond Avenue Ravenna, OH 44266 Payment terms: 1/10, n/30 Description Quantity Shipped D39-X4 Radials M223 Belted-bias Q92 Truck tires Price $38.85 $41.76 $55.85 Amount $38.85 $334.08 $390.95 Total $763.88 Due date: October 3, 2018 October 4 through October 23, 2018 Amount: $756.24 $763.88 Anderson Tires uses a perpetual inventory system. Anderson Tires received the following invoice from a supplier (Ross Distribution, Inc.): (Click the icon to view the invoice.) Read the requirements Requirement 1. Joumalize the transaction required by Anderson 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 joumal entry table.) Date Accounts and Explanation Credit Sep. 23 Requirement 2. Journalize the return on Anderson'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 journal entry table.) Date Accounts and Explanation Debit Credit i Requirements Sep. 28 1. Journalize the transaction required by Anderson Tires on September 23, 2018. Do not round numbers to the nearest whole dollar. Assume tires are purchased on account. 2. Journalize the return on Anderson'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. Journalize the payment on October 1, 2018, to Ross Distribution, Inc. Do not round numbers to the nearest whole dollar. Choose from any list or enter any number in the input fields and then continue to the next question. Requirement 3. Journalize the payment on October 1, 2018, to Ross Distribution, Inc. Do not round numbers to the nearest whole dollar. (Record debits first, then credits. Select the explanation on the last line of the journal entry table. Round all calculations to the nearest cent.) Date Accounts and Explanation Debit Credit Oct. 1
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