Required information Skip to question [The following information applies to the questions displayed below.] Wiset Compa

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Required information
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[The following information applies to the questions
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Wiset Company completes these transactions during April of the
current year (the terms of all its credit sales are 2/10,
n/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
($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 respective general ledger
accounts.
3. Enter the March 31 balances of 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 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.