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Wiset Company completes these transactions during April of the current year the terms of all its credit sales are 2/10, n/30) Apr. 2 Purchased $14,300

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Wiset Company completes these transactions during April of the current year the terms of all its credit sales are 2/10, n/30) Apr. 2 Purchased $14,300 of merchandise on credit from Noth Company, terms 2/10, 1/60. 3 (a) Sold merchandise on credit to Page Alistair, Invoice No. 760, for $4,000 (cost is $3,000). 3 (b) Purchased $1,480 of office supplies on credit from Custer, Inc. terms n/30. 4 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,800 (cost is $6,500). 6 Returned $80 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. 9 Purchased $12,125 of store equipment on credit from Hal's Supply, terms n/30. 11 Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,500 (cost is $7,000). 12 Issued Check No. 588 to Noth Company in payment of its April 2 purchase less the discount of $286. 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $80. 13 (b) Sold $5,100 of merchandise on credit to Page Alistair (cost is $3,600), Invoice No. 763. 14 Received payment from Paula Kohr for the April 5 sale less the discount of $160. 16 (a) Issued Check No. 589 for $10,750, payee is Payroll, in payment of sales salaries expense for the first half of the month. 16 (b) 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. 17 Purchased $13,758 of merchandise on credit from Grant Company, terms 2/10, n/30. 18 Borrowed $60,000 cash from First State Bank by signing a long-term note payable. 20 (a) Received payment fron Nic Nelson for the April 11 sale less the discount of $210. 20 (b) Purchased 5830 of store supplies on credit from Hal's Supply, terms n/30. 23 (a) Returned $750 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount. 23 (b) Received payment from Page Alistair for the April 13 sale less the discount of $102. 25 Purchased $11,375 of merchandise on credit from Noth Company, terms 2/10, n/60. 26 Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the $260 discount. 27 (a) Sold 53,170 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,520). 27 (b) Sold $6,700 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,305). 30 (a) Issued Check No. 591 for $10,750, payee is Payroll, in payment of the sales salaries expense for the last half of the month. 30 (b) Cash sales for the last half of the month are $73,975 (cost is $58,980). These cash sales are recorded in the cash receipts journal on April 30. Required: 1-a. Enter the transaction of the Wiset Company that should be journalized in the sales journal. 1-b. Enter the transaction of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10, 1/30 Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Enter the transaction of the Wiset Company that should be journalized in the sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Cr. Inventory Cr. + Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Enter the transaction of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10, 1/30. CASH RECEIPTS JOURNAL Sales Accounts Account Credited Date Other Cost of Goods Sold Dr. Cash Dr. Sales Cr. Discount Dr. Receivable Cr. Accts. Cr. Inventory Cr. Apr. 30 Totals 14

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