Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). 9 11 Apr. 2 Purchased $14,300 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 $4,000 (cost is $3,000). 3 (b) Purchased $1,489 of office supplies on credit from Custer, Inc. terms n/30. 4 Issued Check No. 587 to World View for advertising expense of $899. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8,000 (cost is $6,500). 6 Returned $80 of office supplies purchased on April 3 to Custer, Inc., Wiset reduces accounts payable by that amount. Purchased $12, 125 of store equipment on credit from Hal's Supply, terms n/30. 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 (6) Sold $5,100 of merchandise on credit to Page Alistair (cost is $3,680), 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 $13,750 of merchandise on credit from Grant Company, terms 2/10, 1/30. 18 Borrowed $60,000 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 $210. 20 (b) Purchased $830 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, 1/60. 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 $3,170 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,520). 27 (6) Sold 56,700 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 led in the cash receipts journal on April 30. Assume that Wiset Co, uses the perpetual inventory system. 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. Apr. 30 Totals $ 0 0 Date CASH RECEIPTS JOURNAL Salos Accounts Discount Dr. Receivable Cr. Account Credited Cash Dr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Apr. 30 Totals 2 & 3. Enter the March 31 balances for Cash ($85,000). Inventory ($125,000). Long-Term Notes Payable ($110,000), and B. Wiset Capital ($100,000). Post the total amounts from the journal in the following general ledger accounts and in the accounts receivable subsidiary ledger accounts for Paula Kohr, Page Alistair, and Nic Nelson GENERAL LEDGER Cash Debit Accounts Receivable Debit Date Balance Credit Date Credit Balance Mar. 31 Inventory Debit Long-Term Notes Payable Debit Credit Data Credit Balance Data Balance Mar 31 Mar 31 3. Wiso, Capital Debit Sales Debit Date Credit Balance Date Credit Balance Mar 31 Sales Discounts Debit Cost of Goods Sold Debit Credit Data Balance Credit Data Balance ACCOUNTS RECEIVABLE LEDGER Page Allstar Debit Greut Paula Kohe Debit Date Balance Date Credit Balance Nie Nelson Debit Date Credit Balance WISET COMPANY Trial balance April 30 Debit Credit Totals $ 0 0 $ Prepare a schedule of accounts receivable. WISET COMPANY Schedule of Accounts Receivable April 30 Paula Kohr Nic Nelson Page Alistair Total accounts receivable $ 0