Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. (a) BURU ww 2 Purchased $15,400 of merchandise on credit from Noth Company, terms 2/10, n/60. Sold merchandise on credit to Page Alistair, Invoice No. 760, for $5,200 (cost is $3,400). (b) Purchased $1,450 of office supplies on credit from Custer, Inc. terms n/30. Issued Check No. 587 to World View for advertising expense of $895. la Kohr, Invoice No. 761, for $8,000 (cost is $6,500). Returned $75 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. Purchased $10,810 of store equipment on credit from Hal's Supply, terms n/30. merchandise on credit to Nic Nelson, Invoice No. 762, to elson, Invoice No. 762, for $10, 600 (cost is $6,200). Issued Check No. 588 to Noth Company in payment of its April 2 purchase less the f its April 2 purchase less the discount of $308. 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $104. (b) Sold $6,900 of merchandise on credit to Page Alistair (cost is $3,200), Invoice No. 763. Received payment from Paula Kohr for the April 5 sale less the discount of $160. (a) Issued Check No. 589 for $9, 200, payee is Payroll, in payment of sales salaries expense for the first half of the month. (b) Cash sales for the first half of the month are $58,080 (cost is $41,300). These cash sales are recorded in the cash receipts journal on April 16. Purchased $14,100 of merchandise on credit from Grant Company, terms 2/10, n/30. Borrowed $59,000 cash from First State Bank by signing a long-term note payable. 20 (a) Received payment from Nic Nelson for the April 1l sale less the discount of $212. (b) Purchased $1,010 of store supplies on credit from Hal's Supply, terms n/30. 23 (a) Returned $1,100 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 $138. Purchased $11,255 of merchandise on credit from Noth Company, terms 2/10, n/60. Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount of $260. Sold $3,120 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,550). Sold $ 9,700 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,490). 30 (a) Issued Check No. 591 for $9, 200, 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 $73,900 (cost is $58, 200). These cash sales are recorded in the cash receipts journal on April 30. 18 (b) 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 ($126,000), Long-Term Notes Payable ($109,000), 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. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 and 3 Req 4A Req 4B Enter the transaction of the Wiset Company that should be journalized in the purchases journal. PURCHASES JOURNAL Date of Terms Invoice Payable Cr. Accounts Date Account Inventory Dr. Supplies Dr. Ace ventory Office Other Supplies Dr. Accounts Dr. Apr. 30 Totals $ 0 $ 0 $ 0 $ 0 Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30). Apr. (a) BURU ww 2 Purchased $15,400 of merchandise on credit from Noth Company, terms 2/10, n/60. Sold merchandise on credit to Page Alistair, Invoice No. 760, for $5,200 (cost is $3,400). (b) Purchased $1,450 of office supplies on credit from Custer, Inc. terms n/30. Issued Check No. 587 to World View for advertising expense of $895. la Kohr, Invoice No. 761, for $8,000 (cost is $6,500). Returned $75 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. Purchased $10,810 of store equipment on credit from Hal's Supply, terms n/30. merchandise on credit to Nic Nelson, Invoice No. 762, to elson, Invoice No. 762, for $10, 600 (cost is $6,200). Issued Check No. 588 to Noth Company in payment of its April 2 purchase less the f its April 2 purchase less the discount of $308. 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $104. (b) Sold $6,900 of merchandise on credit to Page Alistair (cost is $3,200), Invoice No. 763. Received payment from Paula Kohr for the April 5 sale less the discount of $160. (a) Issued Check No. 589 for $9, 200, payee is Payroll, in payment of sales salaries expense for the first half of the month. (b) Cash sales for the first half of the month are $58,080 (cost is $41,300). These cash sales are recorded in the cash receipts journal on April 16. Purchased $14,100 of merchandise on credit from Grant Company, terms 2/10, n/30. Borrowed $59,000 cash from First State Bank by signing a long-term note payable. 20 (a) Received payment from Nic Nelson for the April 1l sale less the discount of $212. (b) Purchased $1,010 of store supplies on credit from Hal's Supply, terms n/30. 23 (a) Returned $1,100 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 $138. Purchased $11,255 of merchandise on credit from Noth Company, terms 2/10, n/60. Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the discount of $260. Sold $3,120 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,550). Sold $ 9,700 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,490). 30 (a) Issued Check No. 591 for $9, 200, 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 $73,900 (cost is $58, 200). These cash sales are recorded in the cash receipts journal on April 30. 18 (b) 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 ($126,000), Long-Term Notes Payable ($109,000), 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. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Req 2 and 3 Req 4A Req 4B Enter the transaction of the Wiset Company that should be journalized in the purchases journal. PURCHASES JOURNAL Date of Terms Invoice Payable Cr. Accounts Date Account Inventory Dr. Supplies Dr. Ace ventory Office Other Supplies Dr. Accounts Dr. Apr. 30 Totals $ 0 $ 0 $ 0 $ 0