Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2n/30 Apr. 2 Purchased $14,180 of merchandise on credit from Noth Company, invoice dated April 2, terms 2/18, n/68. 3 Sold merchandise on credit to Page Alistair, Invoice No. 768, for $5,980 (cost is $3,5ee) 3 Purchased $1,530 of office supplies on credit from Custer, Inc. Invoice dated April 2, terms n/10 EOM. 4 Issued Check No. 587 to World View for advertising expense, $944. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $9,9e0 (cost is $7,480). 6 Received an $1ee credit menorandum from Custer, Inc., for the return of some of the office supplies received on April 3 9 Purchased $11,48e of store equipment on credit from Hal's Supply, invoice dated April 9, terms n/18 EOM. 11 Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $11,480 (cost is $6, 300) 12 Issued Check No. 588 to Noth Company in payment of its April 2 invoice less the discount. 13 Received payment from Page Alistair for the Apri1 3 sale less the discount 13 Sold $8,380 of merchandise on credit to Page Alistair (cost is $4,900), Invoice No. 763. 14 Received payment from Paula Kohr for the April 5 sale less the discount. 16. Issued Check No. 589, payable to Payroll, in payment of sales salaries expense for the first half of the month, $11,35e. Cashed the check and paid employees. 16 Cash sales for the first half of the month are s58,740 (cost is $40,300). (Cash sales are recorded daily from cash register data but are recorded only twice in this problem to reduce repetitive entries.) 17 Purchased $13,70e of merchandise on credit from Grant Company, invoice dated April 17, terms 2/10, n/3e. 18 Borrowed $63,80e cash from First State Bank by signing a long-term note payable. 20 Received payment from Nic Nelson for the April 11 sale less the discount. 20 Purchased $1,1e0 of store supplies on credit from Hal's Supply, invoice dated April 19, terms n/18 EOM. 23 Received a $1,2e0 credit memorandum from Grant Conpany for the return of defective merchandise received on April 5 23 Received payment from Page Alistair for the April 13 sale less the discount. 25 Purchased $11,345 of merchandise on credit from Noth Company, invoice dated April 24, terms 2/10, n/6e. Prev8 of 8 Ne Che 28 Received payment from Nic Nelson for the April 11 sale less the discount. 28 Purchased $1,100 of store supplies on credit from Hal's Supply, invoice dated April 19, terms n/18 EOM 23 Received a $1,20 credit memorandum from Grant Company for the return of defective merchandise received on April 17 23 Received paynent from Page Alistair for the April 13 sale less the discount. 25 Purchased $11, 345 of merchandise on credit from Noth Company, invoice dated April 24, terms 2/10, n/60. 26 Issued Check No. 59e to Grant Company in payment of its April 17 invoice less the return and the discount. 27 Sold $3,270 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,750). 27 Sold $7,800 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,810) 3e Issued Check No. 591, payable to Payrol1, in payment of the sales salaries expense for the last half of the month, $11,35e. 30 Cash sales for the last half of the month are $73,200 (cost is $61,30) Assume that Wiset Co. uses the perpetual inventory system. Required: 1-a. Review the April transactions of Wiset Company and enter those transactions that should be journalized in the purchases journal. 1-b. Review the April transactions of Wiset Company and enter those transactions that should be journalized in the cash disbursements journal. 1-c. Prepare a general journal. Review the April transactions of Wiset Company and enter those transactions that should be journalized in the general journal. 2 & 3. Enter the March 31 balances of Cash ($100,000). Inventory ($145,000), Long-Term Notes Payable ($145,000), 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 Journal entry worksheet 2 Received an $100 credit memorandum from Custer, Inc., for the return of some of the office supplies received on April 3. Note: Enter debits before credits. Date General Journal Debit Credit Apr. 6 Record entry Clear entry View general journal K Prey8 of 8 Next Journal entry worksheet 2 Received a $1,200 credit memorandum from Grant Company for the return of defective merchandise received on April 17. Note: Enter debits before credits Date General Journal Debit Credit Apr. 23 Record entry Clear entry View general journal