Wiset Co 2/10, n/30) mpany completes these transactions during April of the current year (the terms of all its credit sales are Apr. 2 Purchased $14,780 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/10 n/60. 3 (a) sold merchandise on credit to Page Alistair, Invoice No. 76e, for s5,see (cost is $2,300). 3 (b) Purchased $1,430 of office supplies o n credit from Custer, Inc. Invoice dated April 2, terms n/10 EOM. Issued Check No. 587 to World view for advertising expense, $862. Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $9,10e (cost is $6,30e) Received an $1ee credit memorandum fr Custer, Inc., for the return of some of the office supplies received on April 3. Purchased $11,785 of store equipment on credit from Hal's Supply, invoice dated April 9, terms n/1e EOM 4 5 6 9 11 Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $12,3ee (cost is $6, see). 12 Issued Check No. 588 to Noth Company in payment of its April 2 invoice less the discount. 13 (a) Received payment from Page Alistain for the April 3 sale less the discount. 13 (b) sold $11,289 of merchandise on credit to page Alistair (cost is $3,700), Involce No. 763. 14 Received payment from Paula Kohr for the April s sale less the discount 16 (a) Issued Check No. 589, payable to Payrol1, in payment of sales salaries expense for the first half of the month, $9,45e. Cashed the check and paid employees. 16 (b) Cash sales for the first half of the month are SS6,888cost is $37,300). (cash sales are recorded daily from cash register data but are recorded only twice in this problen to reduce repetitive entries.) Purchased $11,6ee of merchandise on credit fron Grant Company, invoice n/30. 17 dated Aprl 17, terms 2/10, 18 Borrowed $62,8ee cash from First State Bank by signing a long-term note payable. 20 (a) Received payment from Nic Nelson for the April 11 sale less the discount (h) purchased SASA nf stnre sunnites nni eredit-from Hal's Sinnlv- inve fra dated Anett 1. terme n/19 17 Purchased $11,600 of merchandise on credit from Grant Company, invoice dated April 17, terms 2/10, n/30. 18 Borrowed $62,080 cash from First State Bank by signing a long-term note payable. 20 (a) Received payment from Nic Nelson for the April 11 sale less the discount. 20 (b) Purchased $850 of store supplies on credit from Hal's Supply, invoice dated April 19, terms n/10 EOM. 23 (a) Received a $1,ee0 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 $11,790 of merchandise on credit from Noth Company, invoice dated April 24, terms 2/10 n/60 Issued Check No. 598 to Grant Company in payment of its April 17 invoice less the return and the discount. 26 27 (a) Sold $3,13e of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,560). 27 (b) Sold $6,e8e of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $5,41e). 3e (a) Issued Check No. 591, payable to Payrol1, in payment of the sales salaries expense for the last half of the month, $9,450 3e (b) Cash sales for the last half of the month are S78,3ee (cost is $62,788). Assume that Wiset Co uses the perpetual inventory system. Required: 1-0. 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 Required information Req 1A Req 1B Review the transactions of Wiset Company and enter those that should be journalized in the sales journal. SALES JOURNAL Invoice Accounts Receivable Cost of Goods Sold Number Date Accou Dr. Sales Cr. Dr. Inventory Cr Apr 30 Totals Check my worl Required information Req 1A Req 18 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 Discount Dr. Accounts Receivable Cr Date Account Credited Cash Dr. Discount Dr. Recevabhes C.Sales Cr. OtherCost of Goods Sold Accts.Cr.Dr. Inventory Cr Apr 30 Totals K Prex5 6 78 Next