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

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 general journal. Enter the transaction of the Wiset Company that should be journalized in the general journal.

Enter the March 31 balances of Cash ($86,000), Inventory ($132,000), Long-Term Notes Payable ($118,000), 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.

Prepare trial balance.

Prepare schedule of accounts payable.