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Homework 7 SH 3 Part 1 of 2 Required Information [The following information applies to the questions displayed below.) Wiset Company completes these transactions

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Homework 7 SH 3 Part 1 of 2 Required Information [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). 5 points 03:07:11 Book Prim References April 2 April 3 (a) April 3 (b) April 4 April 5 April 6 April 9 April 11 April 12 April 13 (a) April 13 (b) April 14 April 16 (a) Purchased $13,400 of merchandise on credit from Noth Company, terms 2/10, 1/68. Sold merchandise on credit to Page Alistair, Invoice Number 760, for $8,000 (cost is $7,000). Purchased $1,510 of office supplies on credit from Custer, Incorporated, terms n/30. Issued Check Number 587 to World View for advertising expense of $868. Sold merchandise on credit to Paula Kohr, Invoice Number 761, for $17,000 (cost is $15,500). Returned $60 of office supplies purchased on April 3 to Custer, Incorporated. Wiset reduces accounts payable by that amount. Purchased $12,025 of store equipment on credit from Hal's Supply, terns n/30. Sold merchandise on credit to Nic Nelson, Invoice Number 762, for $20,200 (cost is $16,700). Issued Check Number 588 to Noth Company in payment of its April 2 purchase less the discount of $268. Received payment from Page Alistair for the April 3 sale less the discount of $160. Sold $12,100 of merchandise on credit to Page Alistair (cost is $10,600), Invoice Number 763. Received payment from Paula Kahr for the April 5 sale less the discount of $340. Issued Check Number 589 for $10,650; payee is Payroll, in payment of sales salaries expense for the first half of the month. April 16 (b) Cash sales for the first half of the month are $53,748 (cost is $36,788). These cash sales are recorded in the cash receipts journal on April 16. April 17 April 18 April 20 (a) April 28 (b) April 23 (a) April 23 (b) April 25 April 26 April 27 (a) April 27 (b) April 30 (a) Purchased $14,550 of merchandise on credit from Grant Company, terms 2/10, n/30. Borrowed $50,000 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 $404. Purchased $930 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 $242. Purchased $11,175 of merchandise on credit from Noth Company, terms 2/10, n/68. Issued Check Number 598 to Grant Company in payment of its April 17 invoice less the return and the $276 discount. Sold $5,840 of merchandise on credit to Paula Kohr, Invoice Number 764 (cost is $4,390). Sold $12,500 of merchandise on credit to Nic Nelson, Invoice Number 765 (cost is $10,105). Issued Check Number 591 for $10,650; payee is Payroll, in payment of the sales salaries expense for the last half of the month. April 30 (b) Cash sales for the last half of the month are $72,975 (cost is $57,9001. These cash sales are recorded in the cash receipts journal on April 30. Career Lit Help Save & Exit Submit Check my work

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