Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). April April 3 (a) Sold merchandise on Purchased $14,000 of merchandise on credit from Noth company ;60 or $8,000 (cost 1s $7,000) credit to Page Alistair, Invoice Number April 3 (b) Purchased $1,450 of office supplies on credit from Custer, Incorporated, terms n/30. April Issued Check Number 587 to World View for advertising expense of $922. April sold merchandise on credit to Paula Kohr, Invoice Number 761, for $14,000 (cost is $12,500) April Returned $70 of office supplies purchased on April 3 to Custer, Incorporated. Wiset reduces accounts pavable ov that amount April April 11 April 12 Purchased $12,125 of store equipment on credit from Hal's Supply, terms n/30 Sold merchandise on credit to Nic Nelson, Invoice Number 762, tor $21,300 (cost is $17,800). Issued Check Number 588 to Noth Companv in pavment of its April 2 purchase less the discount of $280 April 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $160. 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 $280. April 16 (a) Issued Check Number 589 for $11,250; payee is Payroll, in payment of sales salaries expense for the tirst half of the month April 16 (b) Cash sales for the first half of the month are $52,240 (cost is $35,280). These cash sales are recorded in the cash receipts journal on April 16. April 17 Purchased $14,550 of merchandise on credit from Grant Company, terms 2/10, n/30. April 18 Borrowed $60,000 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 $426 20 (b) Purchased $830 of store supplies on credit from Hal's Supply, terms n/30 April 23 (a) Returned $850 of defective merchandise purchased on April 17 to Grant Company. Wiset reduces accounts payable by that amount. AprIL 23 (0) Recelved payment from Page Alistair for the April 13 sale less the discount of $210. April 25 Purchased $11,575 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 S274 discount April 27 (a) sold $5, 540 of merchandise on credit to Paula Kohr, Invoice Number 764 (cost is $4,890) April 27 (b) Sold $13,700 of merchandise on credit to Nic Nelson, Invoice Number 765 (cost is $11,305). April 30 (a) Issued Check Number 591 for $11,250; 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 receiots fournal on Aoril 30 Required: 1-a. Enter the transactions of the Wiset Company that should be journalized in the sales journal. 1-b. Enter the transactions of the Wiset Company that should be journalized in the cash receipts journal. The terms of all credit sales are 2/10, n/30. 2. Enter the March 31 balances for Cash ($68,000), Inventory ($193,000), Long-Term Notes Payable ($161,000), 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 for Cash ($68,000), Inventory ($193,000), Long-Term Notes Payable ($161,000), and B. Wiset, Capital ($100,000). Post the total amounts from the journal in the respective accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson. 4-a. Prepare a trial balance of the general ledger accounts. 4-b. Prepare a schedule of accounts receivable.