The transaction should be journalized in the purchases journal, cash payments journal, and general journal.

Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. Olm-bwuaru 9 11 12 13 13 14 15 15 17 13 20 20 23 23 25 26 27 27 30 30 (a) (b) (a) (b) (a) (b) (a) (b) (a) (b) (a) (b) (a) (b) Purchased $14,300 of merchandise on credit from Noth Company, terms 2/10, n/60. Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,000 (cost is $3.000). Purchased $1,430 of office supplies on credit from Custer, Inc. terms n/30. Issued Check No. 537 to World View for advertising expense of $399. Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,000 (cost is $6,500). Returned $30 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. Purchased $12,125 of store equipment on credit from Hal's Supply, terms n/30. Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,500 (cost is $7,000). Issued Check No. 538 to Noth Company in payment of its April 2 purchase less the discount of $236. Received payment from Page Alistair for the April 3 sale less the discount of $30. Sold $5,100 of merchandise on credit to Page Alistair (cost is $3,600), Invoice No. 763. Received payment from Paula Kohr for the April 5 sale less the discount of $160. Issued Check No. 539 for $10,750, payee is Payroll, in payment of sales salaries expense for the first half of the month. Cash sales for the first half of the month are $52,840 (cost is $35,880). These cash sales are recorded in the cash receipts journal on April 16. Purchased $13,750 of merchandise on credit from Grant Company, terms 2/10, n/30. Borrowed $60,000 cash from First State Bank by signing a longterm note payable. Received payment from Nic Nelson for the April 11 sale less the discount of $210. Purchased $830 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 $102. Purchased $11,375 of merchandise on credit from Noth Company, terms 2/10, n/60. Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount of $260. Sold $3,170 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,520). Sold $6,700 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,305). Issued Check No. 591 for $10,750, payee is Payroll, in payment of the sales salaries expense for the last half of the month. Cash sales for the last half of the month are $73,975 (cost is $58,900). 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 purchasesjournal. 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 generaljournal. 2 & 3. Enter the March 31 balances of Cash ($85,000), Inventory ($125,000), LongTerm Notes Payable ($110,000), and B. Wiset, Capital ($100,000). Post the total amounts from thejournal 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 atrial balance. 4-b. Prepare a schedule of accounts payable. Req 1A Req 1B Req 1C Req 2 and 3 Req 4A Req 4B Enter the transaction of the Wiset Company that should be journalized in the cash payments journal. CASH PAYMENTS JOURNAL CK. Cash Inventory Other Accounts Date No. Payee Account Debited Cr. Cr. Accounts Payable Dr Dr. Apr. 04 V 587 World View Advertising expense V $ 899 $ ov $ 899 V $ Apr. 12 V 588 Noth Company Noth Company 14,014 286 V 14,300 V Apr. 16 V 589 Payroll Sales salaries expense V 10,750 OV 10,750 V OV Apr. 26 590 Grant Company Grant Company V 13,215 X 260 13,490 X Apr. 30 591 V Payroll Sales salaries expense V 10,750 OV 10,750 V OV OV 0 0 Apr. 30 Totals $ 49,628 546 $ 22,399 $ 27,790Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general jour View transaction list Journal entry worksheet 2 Received an $80 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 6 Record entry Clear entry View general journalPrepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal. View transaction list Journal entry worksheet Received a $750 credit memorandum from Grant Company for the return of defective merchandise received on April 17. Note: Enter debits before credits. View general journal Sales Salaries Expense Advertising Expense Date Debit Credit Balance Date Debit Credit Balance ACCOUNTS PAYABLE LEDGER Custer, Inc. Grant Company Date Debit Credit Balance Date Debit Credit Balance Hal's Supply Noth Company Date Debit Credit Balance Date Debit Credit Balance \fReq 1A Req 1B Req 1C 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 $ 0Req 1A Req 1B Req 1C Req 2 and 3 Req 4A Req 4B Enter the March 31 balances of Cash ($85,000), Inventory ($125,000), Long-Term Notes Payable ($110,000), 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. GENERAL LEDGER Cash Inventory Date Debit Credit Balance Date Debit Credit Balance Mar. 31 Mar. 31 Office Supplies Store Supplies Date Debit Credit Balance Date Debit Credit Balance Store Equipment Accounts Payable Date Debit Credit Balance Date Debit Credit Balance Long-Term Notes Payable B. Wiset, Capital Date Debit Credit Balance Date Debit Credit Balance Mar. 31 Mar. 31