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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

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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 $15,100 of merchandise on credit from Noth Company, terms 2/10, n/60. 3 (a) Sold merchandise on credit to Page Alistair, Invoice No. 760 , for $5,500, cost is $3,400). 3 (b) Purchased $1,410 of office supplies on credit from Custer, Inc. terms n/30. 4 Issued check No. 587 to World View for advertising expense of $880. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761 , for $9,400 (cost is $7,100 ). 6 Returned $85 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. 9 Purchased $1,240 of store equipment on credit from Hal's Supply, terms n/30. 11 Sold merchandise on credit to Nic Nelson, Invoice No, 762 , for $11,900( cost is $6,400). 12 Issued Check No. 588 to Noth Company in payment of its April 2 purchase less the discount of $302. 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $110. 13 (b) Sold $13,500 of merchandise on credit to Page Alistair (cost is \$4,460), Invoice No. 763. 14 Received payment from Paula Kohr for the Apri1 5 sale less the discount of \$188. 16 (a) Issued Check No. 589 for $10,400, payee is Payro11, in payment of sales salaries expense for the first 16 (b) Cash sales for the first half of the month are $55,320 (cost is $43,000 ). These cash sales are recorded in the cash receipts journal on April 16. 17 Purchased $13,300 of merchandise on credit from Grant company, terms 2/10, n/30. 18 Borrowed $71,e0 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 of $238. 20 (b) Purchased $880 of store supplies on credit from Hal's Supply, terms n/30. 23 (a) Returned $900 of defective merchandise purchased on Apri1 17 to Grant Company. Wiset reduces accounts 23 (b) Received payment from Page Alistair for the April 13 sale less the discount of $270. 25 Purchased $11,040 of merchandise on eredit 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 $248 27 (a) Sold $3,650 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,800). 27 (b) Sold $7,400 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $5,380) ). 30 (a) Issued Check No. 591 for $10,400, payee is Payrol1, in payment of the sales salaries expense for the last half of the month. 30 (b) Cash sales for the last half of the nonth are $73,800 (cost is $65,600 ). These cash sales are recorded in the cash receipts journal on April 30. Assume that Wiset Co. uses the perpetual inventory system. 4-a. Prepare a trial balance of the general ledger. 4.b. Prepare a schedule of accounts recelvable Prepare a trial balance of the general ledger. Prepare a schedule of accounts receivable

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