Journalizing purchase transactions from an invoice—perpetual inventory
As the proprietor of Kingston Tires, you received the following invoice from a supplier:
Requirements
1. Journalize the transaction required on September 23, 2012.
2. Journalize the return on September 28, 2012, of the D39–X4 Radials, which were ordered by mistake.
3. Journalize the payment on October 1, 2012, to Fields Distribution, Inc.
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