Apr. 2 Purchased $14,380 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10, n/6e. 3 (a) Sold merchandise on credit to Page Alistair, Invoice No. 768, for $4,889 (cost is $3,888). 3 (b) Purchased $1,498 of office supplies on credit from Custer, Inc. Invoice dated April 2, terns n/19 EOM. 4 Issued Check No. 587 to World View for advertising expense, $899. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,880 (cost is $6,582). 6 Received an $80 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3. 9 Purchased $12, 125 of store equipment on credit from Hal's Supply, invoice dated April 9, terms n/18 EOM. 11 Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,5ee (cost is $7,88e). 12 Issued Check No. 588 to Noth Company in payment of its April 2 invoice less the discount. 13 (a) Received payment from Page Alistair for the April 3 sale less the discount. 13 (1) Sold $5,1ee of merchandise on credit to Page Alistair (cost is $3,62e), Invoice No. 763. 14 Received payment from Paula Kohr for the April 5 sale less the discount. 16 (a) Issued Check No. 589, payable to Payroll, in payment of sales salaries expense for the first half of the month, $10,750. Cashed the check and paid employees. 16 (b) Cash sales for the first half of the month are $52,840 (cost is $35,980). (Cash sales are recorded daily from cash register data but are recorded only twice in this problem to reduce repetitive entries.) 17 Purchased $13,758 of merchandise on credit from Grant Company, invoice dated April 17, terms 2/10, n/30. 18 Borrowed $68,8ee cash from First State Bank by signing a long-tern note payable. 20 (a) Received payment from Nic Nelson for the April 11 sale less the discount. 29 (b) Purchased $838 of store supplies on credit from Hal's Supply, invoice dated April 19, terms n/10 EOM. 23 (a) Received a $750 credit memorandum from Grant Company for the return of defective merchandise received on April 17. 23 (b) Received payment from Page Alistair for the April 13 sale less the discount. 25 Purchased $11,375 of merchandise on credit from Noth Company, invoice dated April 24, 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. 27 (a) Sold $3,170 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,52e). 27 (b) Sold $6,7ee of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,305). 30 (a) Issued Check No. 591, payable to Payroll, in payment of the sales salaries expense for the last half of the month, $10.750. 38 (b) Cash sales for the last half of the month are $73,975 (cost is $58,998). Assume that Wiset Co. uses the perpetual Inventory system. Problem 7-2A Part 1 Required: 1-a. Review the transactions of Wiset Company and enter those that should be journalized in the sales journal. 1-b. Review the transactions of Wiset Company and enter those that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10, n/30. Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Review the transactions of Wiset Company and enter those that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10 n/30 CASH RECEIPTS JOURNAL Sales Accounts Discount Dr. Receivable Cr. Date Account Credited Cash Dr. Sales Cr. Other Accts.Cr. Cost of Goods Sold Dr. Inventory Cr. Apr. 30 Totals