Required information Use the following information for the Problems below. (Algo) [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 soles are 2/10,n/30 ). April 2 Purchased $15,200 of merchandise on credit fron Noth Company, terms 2/10,n/60. Aprit 3 (a) Sold merchandise on credit to Page Alistair, Invoice Number 760 , for $7,000 (cost is $6,000). April 3 (b) Purchased $1,420 of office supplies on credit fron Custer, Incorporated, terms n/30. Aprit 4 Issued Check Number 587 to World Vies for advertising expense of 5949. April 5 Sold nerchandise on credit to Pauta Kohr, Invoice Nunber 761 , for $18,800 (cost is April 6 Heturned 590 of office supplies purchased on April 3 to Custer, Incorporated. Wiset reduces accounts payable by that anount. Aprit 9 Purchased $12,125 of store equipment on credit fron Hal's Supply, terms n/30. Aprit 11 Sold merchandise on credit to Nic Nelson, Invoice Nunber 762 , for $20,500 (cost is Aprit.12 Issued Check Number 588 to Noth Company in payment of its Aprit 2 purchase less the discount of $304. Aprit 13 (a) Received payment fron Page Alistair for the April 3 sale less the discount of 5149. April 13 (b) Sold $10,500 of nerchandise on credit to Page Alistair (cost is $9,000 ), Imvoice Number 763. April 14 Received payment from Pauta Kohr for the April 5 sale less the discount of $360. April 16 (a) Issued Check Number 589 for $11,350; payce is Payrolt, in paynent of sales salaries expense for the first half of the month. Aprit 16 (b) Cash sates for the first half of the month are $51,940 (cost is $34,989 ). These cash sales are recorded in the cash receipts journat on Aprit 16. April 17 Purchased 513,050 of nerchandise on credit fron Grant Conpany, teras 2/10, n/30. $140. April 13 (b) Sold $10,500 of merchandise on credit to Page Alistair (cost is $9,000 ), Invoice Number 763 . April 14 Received payment from Paula Kohr for the April 5 sale less the discount of $360. April 16 (a) Issued Check Number 589 for $11,350; 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 $51,940 (cost is $34,980 ). These cash sales are recorded in the cash receipts journal on Aprit 16. April 17 Purchased $13,050 of merchandise on credit from Grant Company, terms 2/10,0/30. April 18 Borrowed $50,000 cash from First State Bank by signing a long-term note payable. April 20 (a) Received payment from Nic Nelson for the April 11 sale less the discount of $410. April 20 (b) Purchased $930 of store supplies on credit from Hal's Supply, terms n/30. April 23 (a) Returned 5650 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount. April 23 (b) Received payment from Page Alistair for the Aprit 13 sale less the discount of $210. April 25 Purchased $10,375 of merchandise on credit from Noth Company, terms 2/10, n/60. April 26 Issued Check Number 590 to Grant Company in payment of its April 17 invoice less the return and the $248 discount. April 27 (a) Sold $7,840 of merchandise on credit to Paula Kohr, Invoice Number 764 (cost is $7,190). April 27 (b) Sold $12,300 of merchandise on credit to Nic Nelson, Invoice Nunber 765 (cost is $9,905 ). April 30 (a) Issued Check Number 591 for $11,350; 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 $57,900 ). These cash sales are recorded in the cash receipts journal on April 30. 'roblem 7-3A (Algo) Special journals, subsidiary ledgers, and schedule of accounts payable LO 13, P4 equired: Problem 7-3A (Algo) Special journals, subsidiary ledgers, and schedule of accounts payable LO P3, P4 Required: 1-a. Enter the transactions of the Wiset Company that should be journalized in the purchases journal. 1-b. Enter the transactions 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. Enter the March 31 balances of Cash ($76,000), Inventory ($191,000), Long-Term Notes Payable ($167,000), and B. Wiset. Capital ($100,000). Post the total amounts from the journal in the respective general ledger accounts. 3. Enter the March 31 balances of Cash ($76,000), Inventory ($191,000), Long-Term Notes Payable ($167,000), and B. Wiset, Capital ($100,000). Post the total amounts from the journal in the respective accounts payable subsidiary ledger accounts for Hal's Supply, Noth Company, Grant Company and Custer, Incorporated. 4-a. Prepare a trial balance of the general ledger accounts: 4-b. Prepare a schedule of accounts payable. Complete this question by entering your answers in the tabs below. Enter the transactions of the Wiset Company that should be journalized in the purchases journal. Complete this question by entering your answers in the tabs below. Enter the transactions of the Wiset Company that should be journalized in the purchases journal. ter the transactions of the Wiset Company that should be journalized in the cash payments journal. Journal entry worksheet Returned $90 of office supplies purchased on April 3 to Custer, Incorporated. Wiset reduces accounts payable by that amount. Note: Enter debits before credits. Journal entry worksheet Returned $650 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount. Note: Enter debits before credits. Required information \begin{tabular}{|c|c|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Store Equipment } & & Accounts P \\ \hline Date & Debit & Credit & Balance & \multicolumn{2}{|l|}{ Date } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & - & \\ \hline \multicolumn{4}{|c|}{ Long-Term Notes Payable } & & B. Wiset, C \\ \hline Date & Debit & Credit & Balance & \multicolumn{2}{|l|}{ Date } \\ \hline \multicolumn{4}{|l|}{ March 31} & \\ \hline & & & & & \\ \hline & & & & + & \\ \hline \multicolumn{4}{|c|}{ Sales Salaries Expense } & & Advertising : \\ \hline Date & Debit & Credit & Balance & \multicolumn{2}{|l|}{ Date } \\ \hline & & & & & \\ \hline & & & & & \\ \hline & & & & & 8 \\ \hline \end{tabular} 1. Required information \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Inventory } \\ \hline Date & Debit & Credit & Balance \\ \hline \multicolumn{4}{|l|}{ March 31} \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Store Supplies } \\ \hline Date. & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Accounts Payable } \\ \hline Date & Debit & Credit & Balance \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline & & - & \\ \hline & & & \\ \hline \multicolumn{4}{|c|}{ B. Wiset, Capital } \\ \hline Date & Dobit & Credit & Balance \\ \hline \end{tabular} Required information ch 31 balances of Cash ($76,000), Inventory ($191,000), Long-Term Notes Payable ($167,000), and B. Wiset, Capital ($100,000), Pos able subsidiary ledger accounts for Hal's Supply, Noth Company, Grant Company and Custer, Incorporated. Prepare a trial balance of the general ledger accounts. Complete this question by entering your answers in the tabs below. Prepare a schedule of accounts payable