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Required information Skip to question [ The following information applies to the questions displayed below. ] Wiset Company completes these transactions during April of the
Required information Skip to question 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 n April Purchased $ of merchandise on credit from Noth Company, terms n April a Sold merchandise on credit to Page Alistair, Invoice Number for $cost is $ April b Purchased $ of office supplies on credit from Custer, Incorporated, terms n April Issued Check Number to World View for advertising expense of $ April Sold merchandise on credit to Paula Kohr, Invoice Number for $cost is $ April Returned $ of office supplies purchased on April to Custer, Incorporated. Wiset reduces accounts payable by that amount. April Purchased $ of store equipment on credit from Hals Supply, terms n April Sold merchandise on credit to Nic Nelson, Invoice Number for $cost is $ April Issued Check Number to Noth Company in payment of its April purchase less the discount of $ April a Received payment from Page Alistair for the April sale less the discount of $ April b Sold $ of merchandise on credit to Page Alistair cost is $ Invoice Number April Received payment from Paula Kohr for the April sale less the discount of $ April a Issued Check Number for $; payee is Payroll, in payment of sales salaries expense for the first half of the month. April b Cash sales for the first half of the month are $cost is $ These cash sales are recorded in the cash receipts journal on April April Purchased $ of merchandise on credit from Grant Company, terms n April Borrowed $ cash from First State Bank by signing a longterm note payable. April a Received payment from Nic Nelson for the April sale less the discount of $ April b Purchased $ of store supplies on credit from Hals Supply, terms n April a Returned $ of defective merchandise purchased on April to Grant Company. Wiset reduces accounts payable by that amount. April b Received payment from Page Alistair for the April sale less the discount of $ April Purchased $ of merchandise on credit from Noth Company, terms n April Issued Check Number to Grant Company in payment of its April invoice less the return and the $ discount. April a Sold $ of merchandise on credit to Paula Kohr, Invoice Number cost is $ April b Sold $ of merchandise on credit to Nic Nelson, Invoice Number cost is $ April a Issued Check Number for $; payee is Payroll, in payment of the sales salaries expense for the last half of the month. April b Cash sales for the last half of the month are $cost is $ These cash sales are recorded in the cash receipts journal on April Required: a Enter the transactions of the Wiset Company that should be journalized in the sales journal. b Enter the transactions of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are n Enter the March balances for Cash $ Inventory $ LongTerm Notes Payable $ and B Wiset, Capital $ Post the total amounts from the journal in the respective general ledger accounts. Enter the March balances for Cash $ Inventory $ LongTerm Notes Payable $ and B Wiset, Capital $ Post the total amounts from the journal in the respective accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson. a Prepare a trial balance of the general ledger accounts. b Prepare a schedule of accounts receivable.
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Wiset Company completes these transactions during April of the current year the terms of all its credit sales are n
April Purchased $ of merchandise on credit from Noth Company, terms n
April a Sold merchandise on credit to Page Alistair, Invoice Number for $cost is $
April b Purchased $ of office supplies on credit from Custer, Incorporated, terms n
April Issued Check Number to World View for advertising expense of $
April Sold merchandise on credit to Paula Kohr, Invoice Number for $cost is $
April Returned $ of office supplies purchased on April to Custer, Incorporated. Wiset reduces accounts payable by that amount.
April Purchased $ of store equipment on credit from Hals Supply, terms n
April Sold merchandise on credit to Nic Nelson, Invoice Number for $cost is $
April Issued Check Number to Noth Company in payment of its April purchase less the discount of $
April a Received payment from Page Alistair for the April sale less the discount of $
April b Sold $ of merchandise on credit to Page Alistair cost is $ Invoice Number
April Received payment from Paula Kohr for the April sale less the discount of $
April a Issued Check Number for $; payee is Payroll, in payment of sales salaries expense for the first half of the month.
April b Cash sales for the first half of the month are $cost is $ These cash sales are recorded in the cash receipts journal on April
April Purchased $ of merchandise on credit from Grant Company, terms n
April Borrowed $ cash from First State Bank by signing a longterm note payable.
April a Received payment from Nic Nelson for the April sale less the discount of $
April b Purchased $ of store supplies on credit from Hals Supply, terms n
April a Returned $ of defective merchandise purchased on April to Grant Company. Wiset reduces accounts payable by that amount.
April b Received payment from Page Alistair for the April sale less the discount of $
April Purchased $ of merchandise on credit from Noth Company, terms n
April Issued Check Number to Grant Company in payment of its April invoice less the return and the $ discount.
April a Sold $ of merchandise on credit to Paula Kohr, Invoice Number cost is $
April b Sold $ of merchandise on credit to Nic Nelson, Invoice Number cost is $
April a Issued Check Number for $; payee is Payroll, in payment of the sales salaries expense for the last half of the month.
April b Cash sales for the last half of the month are $cost is $ These cash sales are recorded in the cash receipts journal on April
Required:
a Enter the transactions of the Wiset Company that should be journalized in the sales journal.
b Enter the transactions of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are n
Enter the March balances for Cash $ Inventory $ LongTerm Notes Payable $ and B Wiset, Capital $ Post the total amounts from the journal in the respective general ledger accounts.
Enter the March balances for Cash $ Inventory $ LongTerm Notes Payable $ and B Wiset, Capital $ Post the total amounts from the journal in the respective accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson.
a Prepare a trial balance of the general ledger accounts.
b Prepare a schedule of accounts receivable.
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