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 $14,40e of merchandise on eredit from Noth Coepany, terais 2/10, n/60. 3 (a) Sold merchandise on credit to Page Alistair. Invoice, No. 760 , for $4,300(cost is $3,300). 3 (b) Purchased $1,550 of office supplies on credit from Custer, Inc, terms n/30. 4 Issued Check No. 587 to World View for advertising expense of 5852. 5 Sold nerchandise on credit to Paula Kohr, Invoice No. 761 , for $9,600(cost is $7,400). 6 Returned \$85 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that anount, 9 Purchased $12, BBe of store equipment on credit from Hal's 5 upply, terns n/3, 11 Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,180(cost is $6,890). 12 Issued Check No, 585 to Noth Company in payment of its April 2 purchase less the discount of $288. 13 (a) Received paynent from Page Alistair for the April 3 sale less the discount of $66. 13 (b) 5old $6,000 of nerchandise on credit to Page Alistaif (cost is $5,200 ), Invoice No. 763 . 14 Received payment from Paula Kohr for the April 5 sale less the discount of $192. 16 (a) Issued Check No. 589 for $9,760, payee is Payroll, in payent of sales salaries expense for the first half of the 16 (b) Cash sales for the firtt half of the month are $59,360( cost is $38,300). These cash sales are recorded In the cash recedpts journal on April 16. 17 Purchased $13,000 of merchandise on credit fron Grant Corpany, terns 2/10, n/30. 11 Borrowed $68,000cash fron First state Bank by signing a long-term note payable. 20 (a) Received paytent from Nic Nelson for the Aprl1 11 sale less the discount of $202. 20 (b) Purchased $1,060 of store supplies on credit froa Hal's Supply, teras n/30. 23. (a) Returned $1,100 of defective nerchandise purchased on Aprit 17 to orant Conpany. Wiset reduces accounts payable by 23 (b) Received payzent fron Page Alistair for the Apri1 13 sale less the discount of $120. 25 Purchased $11,945 of merchandise on credit fron Noth Corpany, terms 2/10, n/60. 26 Issued Check No. 590 to Grant Company in payrent of its April 17 invoice less the return and the discount of $238. 27 (a) Sold \$3, 240 of merchandise on credit to Paula Kohr, Invoice No, 764( cost is $2,520). 27 (b) Sold \$6, 66e of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is \$5, 395). 30 (a) Issued Check, No. 591 for 59,709 , payee is Payroll, in payeent of the sales salaries expense for the last half of the 30 (b) Cash sales for the last half of the month are $76,900 (cost is $64,700). These cash sales are recorded in the cash recelpts journal on April 30. Assume that Wiset Co uses the perpetual inyentory system. Required: 1.a. Enter the transaction of the Wiset Company that should be journalized in the purchases journal. 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 general journal. 2& 3. Enter the March 31 balances of Cash ($83,000), Inventory ($143,000), Long-Term Notes Payable ($126,000), 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, 4-a. Prepare a trial balance. 4-b. Prepare a schedule of accounts payable. Enter the transaction of the Wiset Company that should be journalized in the purchases journal. Enter the transaction of the Wiset Company that should be journalized in the cash payments journal. Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general j Journal entry worksheet Returned \$85 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3. Note: Enter debits before credits. Prepare a general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal. Journal entry worksheet Received a $1,100 credit memorandum from Grant Company for the return of defective merchandise received on April 17. Note: Enter debits before credits. Enter the March 31 balances of Cash ($83,000), Inventory ($143,000), Long-Term Notes Payable ($126,000), and B. Wiset, Capital ($100,000), Post the total amounts fro the journal in the following general ledger accounts and in the accounts payable subsidary ledger accounts for Hai's Supply, Noth Company, Grant Company and Custer, In \begin{tabular}{|l|l|l|} \hline Mar. 31 & & \\ \hline & & \\ \hline & Debit & \\ \hline \end{tabular} Prepare a trial balance. Prepare a schedule of accounts payable