Word Onl. Evolve Word Saved Help Problem 7-2A Special journals, subsidiary ledgers, and schedule of accounts receivable LO P1, P2 The following information applies to the questions displayed below.) Wiset Company completes these transactions during April of the current year (the terms of all its credit sales are 2/10, n/30) Apr. 2 Purchased $15,700 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 $5,100 (cost is $2,900). 3 (b) Purchased $1,480 of office supplies on credit from Custer, Inc. terms n/30. 4 Issued Check No. 587 to World View for advertising expense of $857. 5 Sold merchandise on credit to Paula Kohr, Invoice No. 761, for $8.400 (cost is $6,200). 6 Returned $75 of office supplies purchased on April 3 to Custer, Inc. Wiset reduces accounts payable by that amount. 9 Purchased $10,635 of store equipment on credit from Hal's Supply, terms n/30. Sold merchandise on credit to Nic Nelson, Invoice No. 762, for $10,300 (cost is $6.300) 12 Issued Check No. 588 to Noth company in payment of its April 2 purchase less the discount of $314 13 (a) Received payment from Page Alistair for the April 3 sale less the discount of $102. 13 (6) Sold $13,600 of merchandise on credit to Page Alistair (cost is $5,400), Invoice No. 763. 14 Received payment from Paula Kohr for the April 5 sale less the discount of $168. 16 (a) Issued Check No. 589 for $10,500, payee is Payroll, in payment of sales salaries expense au the first half of the month. 16 (b) Cash sales for the first half of the month are $58, 040 (cost is $37, 400). These cash sales are recorded in the cash receipts journal on April 16. 17 Purchased $12,000 of merchandise on credit from Grant Company, terms 2/10, n/30. 18 Borrowed 564, eee 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 $206. 252Fms.mheducation.com/252Fmghml Nord Onl... Evolve Word Saved Help Save 16 (a) Issued Check No. 589 for $10,500, 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 $58,040 (cost is $37,400). These cash sales are recorded in the cash receipts journal on April 16. 17 Purchased $12,000 of merchandise on credit from Grant Company, terms 2/10, n/30. 18 Borrowed $64,000 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 $206. 20 (b Purchased $920 of store supplies on credit from Hal's Supply, terms n/30. 23 (a) Returned $1,000 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 $272. 25 Purchased $11,960 of merchandise on credit from Noth Company, terms 2/10, n/68. 26 Issued Check No. 590 to Grant Company in payment of its April 17 invoice less the return and the $220 discount. 27 (a) Sold $3,050 of merchandise on credit to Paula Kohr, Invoice No. 764 (cost is $2,650). 27 (b) Sold 56,100 of merchandise on credit to Nic Nelson, Invoice No. 765 (cost is $4,340). 30 (a) Issued Check No. 591 for $10,500, 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 $79,100 (cost is $58, 600). These cash sales are recorded in the cash receipts journal on April 30. Assume that Wiset Co. uses the perpetual inventory system. blem 7-2A Part 2 and 3 Sered Help Save & Eat Sub Check my work Required information 2 & 3. Enter the March 31 balances for Cash ($92,000). Inventory ($152,000). Long-Term Notes Payable ($144,000), 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 Date Accounts Receivable Debit Credit Credit Date Balance Balance 92.000 Mar 31 Inventory Long-Term Notes Payable Debit Credit Date Debit Credit Date Balance 152,000 Mat 31 Balance 144.000 Mar 31 Apr 30 (b) Cash Rec. Jour M hp Word Save Help Save & Ext Submit Check my work Required information B. Wiset. Capital Debit Date Credit Balance Sales Debit Date Credit Mar. 31 100,000 Date Sales Discounts Debit Cost of Goods Sold Debit Credit Balance Date Credit Balance ACCOUNTS RECEIVABLE LEDGER Page Alistair Debit Credit Paula Kohr Debit Balance Date Date Credit Balance M 70 Saved Help Save 4 E S. Check my w Required information ACCOUNTS RECEIVABLE LEDGER Page Alistair Debit Credit Date Balance Paula Kohe Debit Date Credit Balance Nic Nelson Debit Date Credit Balance