As the proprietor of OK Auto Repair, you receive this invoice from a supplier (GST has been ignored):

Required
1. Journalize the transaction required on May 14, 2017. OK Auto Repair uses the periodic inventory system.
2. The L912 belted-bias tires were ordered by mistake and therefore were returned to Lordy. Journalize the return on May 19, 2017.
3. Journalize the payment on May 22, 2017, to Lordy Auto Parts.

Transcribed Image Text:

LORDY AUTO PARTS WHOLESALE DISTRIBUTORS 2600 Victoria Avenue Saskatoon, Saskatchewan S4P 1B3 Payment terms: 1/10, n/30 Invoice date: May 14, 2017 Sold to: OK Auto Repair 4245 Cumberland Avenue Prince Albert, SK STM 1X3 Quantity Quantity Ordered Description P135-X4 Radials L912 Belted-bias R39 Truck tires Total ShippedPriceAmount $90.00 $540.00 800.00 120.00 1,680.00 $3,020.00 6 100.00 14 14 Due date: May 24, 2017 May 25 through June 13, 2017 Amount: $2,989.80 $3,020.00 Paid: