3 Requirea information 33.34 points Skipped eBook Print References [The following information applies to the questions displayed below.] Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). April 2 April 3 (a) April 3 (b) April 4 April 5 April 6 April 9 April 11 April 12 Purchased $14,300 of merchandise on credit from Noth Company, terms 2/10, n/60. Sold merchandise on credit to Page Alistair, Invoice Number 760, for $4,000 (cost is $3,000). Purchased $1,480 of office supplies on credit from Custer, Incorporated, terms n/30. Issued Check Number 587 to World View for advertising expense of $899. Sold merchandise on credit to Paula Kohr, Invoice Number 761, for $8,000 (cost is $6,500). Returned $80 of office supplies purchased on April 3 to Custer, Incorporated. Wiset reduces accounts payable by that amount. Purchased $12,125 of store equipment on credit from Hal's Supply, terms n/30. Sold merchandise on credit to Nic Nelson, Invoice Number 762, for $10,500 (cost is $7,000). Issued Check Number 588 to Noth Company in payment of its April 2 purchase less the discount of $286. April 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $80. April 13 (b) Sold $5,100 of merchandise on credit to Page Alistair (cost is $3,600), Invoice Number 763. April 14 Received payment from Paula Kohr for the April 5 sale less the discount of $160. April 16 (a) Issued Check Number 589 for $10,750; payee is Payroll, in payment of sales salaries expense for the first half of the month. April 16 (b) April 17 April 18. April 20 (a) April 20 (b) April 23 (a) April 23 (b) April 25 April 26 April 27 (a) April 27 (b) April 30 (a) April 30 (b) Cash sales for the first half of the month are $52,840 (cost is $35,880). These cash sales are recorded in the cash receipts journal on April 16. Purchased $13,750 of merchandise on credit from Grant Company, terms 2/10, n/30. Borrowed $60,000 cash from First State Bank by signing a long-term note payable. Received payment from Nic Nelson for the April 11 sale less the discount of $210. Purchased $830 of store supplies on credit from Hal's Supply, terms n/30. Returned $750 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount.. Received payment from Page Alistair for the April 13 sale less the discount of $102. Purchased $11,375 of merchandise on credit from Noth Company, terms 2/10, n/60. Issued Check Number 590 to Grant Company in payment of its April 17 invoice less the return and the $260 discount. Sold $3,170 of merchandise on credit to Paula Kohr, Invoice Number 764 (cost is $2,520). Sold $6,700 of merchandise on credit to Nic Nelson, Invoice Number 765 (cost is $4,305). Issued Check Number 591 for $10,750; payee is Payroll, in payment of the sales salaries expense for the last half of the month. Cash sales for the last half of the month are $73,975 (cost is $58,900). These cash sales are recorded in the cash receipts journal on April 30. Mc Graw Hill < Prev 3 of 3 Next > Peup Save & Exi Submit Check my work Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1A Rec 1B Req 2 Req 3 Req 4A Req 4B Enter the transactions of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10, n/30 CASH RECEIPTS JOURNAL Date Account Credited Cash Debit Sales Discount Debit Accounts Receivable Credit Sales Credit Other Accounts Credit April 30 Totals < Prev 3 of 3 Next > Cost of Goods Sold Debit Inventory Credit Required information Page Alistair, and INIC INeison. 4-a. Prepare a trial balance of the general ledger accounts. 4-b. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B Enter the March 31 balances for Cash ($85,000), Inventory ($125,000), Long-Term Notes Payable ($110,000), and B. Wiset, Capital ($100,000). Post the total amc the respective general ledger accounts. Date March 31 March 31 GENERAL LEDGER Cash Debit Credit Balance Inventory Date Debit B. Wiset, Capital + Date Accounts Receivable Debit Credit Balance Long-Term Notes Payable Credit Balance Date Debit Credit Balance March 31 Sales 3 34 nts Required information 4-b. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. eBook Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B Print erences 53322 Check my wa Enter the March 31 balances for Cash ($85,000), Inventory ($125,000), Long-Term Notes Payable ($110,000), and B. Wiset, Capital ($100,000). Post the total am the respective accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson. ACCOUNTS RECEIVABLE LEDGER Page Alistair Date Debit Credit Balance Date Nic Nelson Debit Credit Balance Date Paula Kohr Debit Credit Balance < Req 2 < Prev 3 of 3 Next Req 4A > Chapter 7 Homework (Required) i 3 33.34 points Required information 4-b. Prepare a schedule of accounts receivable. Saved Complete this question by entering your answers in the tabs below. eBook Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B 4 Print References Prepare a trial balance of the general ledger accounts. WISET COMPANY Trial Balance April 30 Debit Credit Totals $ 0 $ 0 < Req 3 Req 4B > 25H LU Help Save & Exit Check 3 33.34 points eBook 4. Cile the March 31 Udidlices IU CAS . verur (3125.00UI LUNG-Term Notes Pavable 3000 U D. WISH Required information Page Alistair, and Nic Nelson. 4-a. Prepare a trial balance of the general ledger accounts. 4-b. Prepare a schedule of accounts receivable. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2 Req 3 Req 4A Req 4B Print References Prepare a schedule of accounts receivable. WISET COMPANY Schedule of Accounts Receivable April 30 Paula Kohr Nic Nelson Page Alistair Total accounts receivable $ 0 < Req 4A Req 4B