Accounting practice problem 6 please bless and fully complete the required.

Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30).

Apr.		2				Purchased $15,000 of merchandise on credit from Noth Company, terms 2/10, n/60.
		3		(a)		Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,300 (cost is $3,500).
		3		(b)		Purchased $1,580 of office supplies on credit from Custer, Inc. terms n/30.
		4				Issued Check No. 587 to World View for advertising expense of $908.
		5				Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,700 (cost is $7,700).
		6				Returned $60 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount.
		9				Purchased $12,455 of store equipment on credit from Hals Supply, terms n/30.
		11				Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,700 (cost is $6,400).
		12				Issued Check No. 588 to Noth Company in payment of its April 2 purchase less the discount of $300.
		13		(a)		Received payment from Page Alistair for the April 3 sale less the discount of $86.
		13		(b)		Sold $9,800 of merchandise on credit to Page Alistair (cost is $4,300), Invoice No. 763.
		14				Received payment from Paula Kohr for the April 5 sale less the discount of $174.
		16		(a)		Issued Check No. 589 for $10,600, payee is Payroll, in payment of sales salaries expense for the first half of the month.
		16		(b)		Cash sales for the first half of the month are $57,480 (cost is $37,200). These cash sales are recorded in the cash receipts journal on April 16.
		17				Purchased $12,500 of merchandise on credit from Grant Company, terms 2/10, n/30.
		18				Borrowed $57,000 cash from First State Bank by signing a long-term note payable.
		20		(a)		Received payment from Nic Nelson for the April 11 sale less the discount of $214.
		20		(b)		Purchased $870 of store supplies on credit from Hals Supply, terms n/30.
		23		(a)		Returned $800 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount.
		23		(b)		Received payment from Page Alistair for the April 13 sale less the discount of $196.
		25				Purchased $11,580 of merchandise on credit from Noth Company, terms 2/10, n/60.
		26				Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount of $234.
		27		(a)		Sold $3,320 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,780).
		27		(b)		Sold $6,100 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,420).
		30		(a)		Issued Check No. 591 for $10,600, payee is Payroll, in payment of the sales salaries expense for the last half of the month.
		30		(b)		Cash sales for the last half of the month are $78,000 (cost is $63,000). These cash sales are recorded in the cash receipts journal on April 30.

Assume that Wiset Co. uses the perpetual inventory system.

Required:

1-a. Enter the transaction of the Wiset Company that should be journalized in the purchases journal. 1-b. Enter the transaction of the Wiset Company that should be journalized in the cash payments journal. 1-c. Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal. 2 & 3. Enter the March 31 balances of Cash ($90,000), Inventory ($150,000), Long-Term Notes Payable ($140,000), and B. Wiset, Capital ($100,000). Post the total amounts from the journal in the following general ledger accounts and in the accounts payable subsidiary ledger accounts for Hals Supply, Noth Company, Grant Company and Custer, Inc. 4-a. Prepare a trial balance. 4-b. Prepare a schedule of accounts payable.

1-c. Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general Journ 2 & 3. Enter the March 31 balances of Cash ($90,000), Inventory ($150,000), Long-Term Notes Payable ($140,000), and B. Capital ($100,000). Post the total amounts from the journal in the following general ledger accounts and in the accounts subsidiary ledger accounts for Hal's Supply. Noth Company, Grant Company and Custer, Inc. 4-a. Prepare a trial balance. 4-b. Prepare a schedule of accounts payable. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Reg 1C Reg 2 and 3 Reg 4A Req 4B Enter the transaction of the Wiset Company that should be journalized in the purchases journal. PURCHASES JOURNAL Date of Invoice Terms Payable Cr. Accounts Date Account Office Other Inventory Dr. Supplies Dr. Accounts Apr.30 Totals 0 $ 0 $ 0 Req18 > Prey 6 of 8 !!! Next > 1-c. Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal. 2 & 3. Enter the March 31 balances of Cash ($90,000), Inventory ($150,000). Long-Term Notes Payable ($140,000), and B. Wiset. Capital ($100,000). Post the total amounts from the journal in the following general ledger accounts and in the accounts payable subsidiary ledger accounts for Hal's Supply. Noth Company, Grant Company and Custer, Inc. 4-a. Prepare a trial balance. 4-b. Prepare a schedule of accounts payable. Complete this question by entering your answers in the tabs below. Req 4A Req 1C Req 1A Reg 4B Reg 1B Reg 2 and 3 Enter the transaction of the Wiset Company that should be journalized in the cash payments journal. CASH PAYMENTS JOURNAL Other Accounts Inventory Cr Cash Cr. Accounts Payable Dr. Account Debited Date Payee Ck. No. Apr. 30 Totals $ 0S 0S 0S 0 ( Req1A Req10 > Req 2 and 3 Req 4A Reg 4B Req 1A Req 1C Req 1B Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal. View transaction list Journal entry worksheet Enter the March 31 balances of Cash ($90,000), Inventory ($150,000), Long-Term Notes Payable ($140,000), and B. Wiset, Capital ($100.000). Post the the journal in the following general ledger accounts and in the accounts payable subsidiary ledger accounts for Hal's Supply, Noth Company, Grant Comp GENERAL LEDGER + Cash Inventory Debit Date Debit Credit Balance Date Credit Balance Mar. 31 ar 31 Office Supplies Debit Store Supplies Debit Date Credit Balance Date Credit Balance - Store Equipment Debit Accounts Payable Debit Date Credit Balance Date Credit Balance Long-Term Notes Payable Credit Balane B. Wiset Capital Debit Credit Balanc Long-Term Notes Payable Debit Credit B. Wiset, Capital Debit Date Balance Date Credit Balance Mar. 31 Mar. 31 Sales Salaries Expense Debit Credit Advertising Expense Debit Credit Date Balance Date Balance ACCOUNTS PAYABLE LEDGER Custer, Inc. Debit Credit Grant Company Debit Date Balance Date Credit Balance Hal's Supply Debit Date Noth Company Debit Credit Balance Date Credit Balance Complete this question by entering your answers in the tabs below. Reg 4A Req 4B Reg 1B Req 1C Reg 2 and 3 Req 1A Prepare a trial balance. WISET COMPANY Trial Balance April 30 Debit Credit . | Totals $ 0 $ 0 2 & 3. Enter une marcn si balances or call (JU, Capital ($100,000). Post the total amounts from the journal in the following yellel subsidiary ledger accounts for Hal's Supply, Noth Company, Grant Company and Custer, Inc. 4-a. Prepare a trial balance. 4-b. Prepare a schedule of accounts payable. Complete this question by entering your answers in the tabs below. Reg 4B Req 1B Regic Req 4A Reg 2 and 3 Req 1A ces Prepare a schedule of accounts payable. WISET COMPANY Schedule of Accounts Payable April 30 Custer, Inc. Hal's Supply | Noth Company Grant Company Total accounts payable $ 0