Kingston Tires received the following invoice from a supplier (Fields Distribution, Inc.): Requirements 1. Journalize the transaction
Question:
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
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Requirements 1 2 and 3 Date Sep 23 Merchandise Inventory Accounts ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9781292412320
7th Global Edition
Authors: Tracie Miller-Nobles, Brenda Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Business questions
-
Kingston Tires received the following invoice from a supplier (Fields Distribution, Inc.): Requirements 1. Journalize the transaction required by Kingston Tires on September 23, 2018. Do not round...
-
Kingston Tires received the following invoice from a supplier (Fields Distribution, Inc.): Requirements 1. Journalize the transaction required by Kingston Tires on September 23, 2015. Do not round...
-
Durable Tires received the following invoice from a supplier (Auto Parts Distribution, Inc.): Requirements 1. Journalize the transaction required by Durable Tires on September 23, 2025. Round numbers...
-
In Exercises 1 through 18, differentiate the given function. y = x x + 1 2
-
Describe and give a reason for the law of supply.
-
The volume V and surface area A of a sphere of radius r are given by a. Plot V and A versus r in two subplots, for 0.1 r 100 m. Choose axes that will result in straight-line graphs for both V and...
-
Define fatigue and endurance limit.
-
Using these data from the comparative balance sheet of Ramirez Company, perform horizontalanalysis. December 31, 2014 Accounts receivable Inventory Total assets 460,000 780,000 3,164,000 December 31,...
-
1. What is the slope of the Aggregate-Supply curve in the short run? In the long run? What shifts the AS curve(s)? 2. How does the interest-rate effect help explain the slope of the aggregate-demand...
-
1. Journalize the required closing entries at March 31, 2024. 2. Set up T-accounts for Income Summary; Retained Earnings; and Dividends. Post the closing entries to the T-accounts and calculate their...
-
D & T Printing Supplies accounting records include the following accounts at December 31, 2024 Requirements 1. Journalize the required closing entries for D & T Printing Supplies assuming that D & T...
-
Explain why the following statements are not correct. a. With my methodological approach, I can reduce the Type I error with the given sample information without changing the Type II error. b. I have...
-
0 2. Obtain a self-similar solution for the downstream evolution of the two-dimensional wake. We represent the mean streamwise velocity by U U = U(), and the Reynolds shear stress by - puv = pug(),...
-
Kubin Company s relevant range of production is 1 8 , 0 0 0 to 2 2 , 0 0 0 units. When it produces and sells 2 0 , 0 0 0 units, its average costs per unit are as follows: Average Cost per Unit Direct...
-
The Hester Corporation, a diversified distribution company, purchases cartons of canned golf balls from the LongDistance Company and markets the balls under the Hester brand name. Hester started...
-
A pressurized cast iron cylinder shown in below figure is used to hold pressurized gas at a static pressure of 10 MPa. The cylinder is permanently joined to a low-carbon-steel cylinder head by bolted...
-
I. Explain what is meant by an activity measure. Identify an appropriate activity measure for analyzing the cost structure of the book donations department within the university's library. Justify...
-
Soundwave Company manufactures and sells high-quality audio speakers. The speakers are encased in solid walnut cabinets supplied by Herrin Cabinet Inc. Herrin packages the speakers in durable...
-
What are the four types of poultry production systems? Explain each type.
-
Define property, plant, and equipment. Provide some examples?
-
What do short-term notes payable represent?
-
What type of account is Premium on Bonds Payable? What is its normal balance? Is it added to or subtracted from the Bonds Payable account to determine the carrying amount?
-
If you decide not to pay an effective interest rate on a credit card above 15%, what is the maximum APR that you will be ready to pay a card for which the interest is compounded daily? Can someone...
-
H has just received a payment of $13,250 from a trust fund. Payments from the trust fund are expected to increase by 2.1% per year for the next four years, by 3.25% for the following seven years, and...
-
Susie takes out a car loan for $10,040 for a term of 5 years at 12% interest compounded monthly. Complete parts (a) through (g). (a) Find Susie's monthly payment. Her monthly payment is $ . (Round to...
Study smarter with the SolutionInn App