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

April $2$ Purchased $$15,000$ of merchandise on credit from Noth Company, terms $2/10,$ n$/60.$

April $3($a$)$ Sold merchandise on credit to Page Alistair, Invoice Number $760,$ for $$6,000($cost is $$5,000).$

April $3($b$)$ Purchased $$1,440$ of office supplies on credit from Custer, Incorporated, terms n$/30.$

April $4$ Issued Check Number $587$ to World View for advertising expense of $$886.$

April $5$ Sold merchandise on credit to Paula Kohr, Invoice Number $761,$ for $$15,000($cost is $$13,500).$

April $6$ Returned $$70$ of office supplies purchased on April $3$ to Custer, Incorporated. Wiset reduces accounts payable by that amount.

April $9$ Purchased $$12,225$ of store equipment on credit from Hal$$s Supply, terms n$/30.$

April $11$ Sold merchandise on credit to Nic Nelson, Invoice Number $762,$ for $$20,900($cost is $$17,400).$

April $12$ Issued Check Number $588$ to Noth Company in payment of its April $2$ purchase less the discount of $$300.$

April $13($a$)$ Received payment from Page Alistair for the April $3$ sale less the discount of $$120.$

April $13($b$)$ Sold $$9,100$ of merchandise on credit to Page Alistair $($cost is $$7,600),$ Invoice Number $763.$

April $14$ Received payment from Paula Kohr for the April $5$ sale less the discount of $$300.$

April $16($a$)$ Issued Check Number $589$ for $$10,650$; payee is Payroll, in payment of sales salaries expense for the first half of the month.

April $16($b$)$ Cash sales for the first half of the month are $$52,240($cost is $$35,280).$ These cash sales are recorded in the cash receipts journal on April $16.$

April $17$ Purchased $$13,250$ of merchandise on credit from Grant Company, terms $2/10,$ n$/30.$

April $18$ Borrowed $$50,000$ cash from First State Bank by signing a long$-$term note payable.

April $20($a$)$ Received payment from Nic Nelson for the April $11$ sale less the discount of $$418.$

April $20($b$)$ Purchased $$730$ of store supplies on credit from Hal$$s Supply, terms n$/30.$

April $23($a$)$ Returned $$650$ of defective merchandise purchased on April $17$ to Grant Company. Wiset reduces accounts payable by that amount.

April $23($b$)$ Received payment from Page Alistair for the April $13$ sale less the discount of $$182.$

April $25$ Purchased $$12,375$ of merchandise on credit from Noth Company, terms $2/10,$ n$/60.$

April $26$ Issued Check Number $590$ to Grant Company in payment of its April $17$ invoice less the return and the $$252$ discount.

April $27($a$)$ Sold $$5,640$ of merchandise on credit to Paula Kohr, Invoice Number $764($cost is $$4,990).$

April $27($b$)$ Sold $$13,200$ of merchandise on credit to Nic Nelson, Invoice Number $765($cost is $$10,805).$

April $30($a$)$ Issued Check Number $591$ for $$10,650$; payee is Payroll, in payment of the sales salaries expense for the last half of the month.

April $30($b$)$ Cash sales for the last half of the month are $$74,975($cost is $$59,900).$ These cash sales are recorded in the cash receipts journal on April $30.$

Required:

$1-$a$.$ Enter the transactions of the Wiset Company that should be journalized in the purchases journal.

$1-$b$.$ Enter the transactions 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.

$2.$ Enter the March $31$ balances of Cash $($$$75,000),$ Inventory $($$$191,000),$ Long$-$Term Notes Payable $($$$166,000),$ and B$.$ Wiset, Capital $($$$100,000).$ Post the total amounts from the journal in the respective general ledger accounts.

$3.$ Enter the March $31$ balances of Cash $($$$75,000),$ Inventory $($$$191,000),$ Long$-$Term Notes Payable $($$$166,000),$ and B$.$ Wiset, Capital $($$$100,000).$ Post the total amounts from the journal in the respective accounts payable subsidiary ledger accounts for Hal$$s Supply, Noth Company, Grant Company and Custer, Incorporated.

$4-$a$.$ Prepare a trial balance of the general ledger accounts.

$4-$b$.$ Prepare a schedule of accounts payable.