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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$/30).$

April $2$ Purchased $$13,800$ 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 $$7,000($cost is $$6,000).$

April $3($b$)$ Purchased $$1,500$ 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 $$90$ of office supplies purchased on April $3$ to Custer, Incorporated. Wiset reduces accounts payable by that amount.

April $9$ Purchased $$12,125$ of store equipment on credit from Hal$$s Supply, terms n$/30.$

April $11$ Sold merchandise on credit to Nic Nelson, Invoice Number $762,$ for $$21,200($cost is $$17,700).$

April $12$ Issued Check Number $588$ to Noth Company in payment of its April $2$ purchase less the discount of $$276.$

April $13($a$)$ Received payment from Page Alistair for the April $3$ sale less the discount of $$140.$

April $13($b$)$ Sold $$10,900$ of merchandise on credit to Page Alistair $($cost is $$9,400),$ 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 $$11,050$; 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 $$52,940($cost is $$35,980).$ These cash sales are recorded in the cash receipts journal on April $16.$

April $17$ Purchased $$13,850$ of merchandise on credit from Grant Company, terms $2/10,$ n$/30.$

April $18$ Borrowed $$60,000$ 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 $$424.$

April $20($b$)$ Purchased $$930$ of store supplies on credit from Hal$$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 $$218.$

April $25$ Purchased $$10,975$ 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 $$264$ discount.

April $27($a$)$ Sold $$7,640$ of merchandise on credit to Paula Kohr, Invoice Number $764($cost is $$6,990).$

April $27($b$)$ Sold $$13,700$ of merchandise on credit to Nic Nelson, Invoice Number $765($cost is $$11,305).$

April $30($a$)$ Issued Check Number $591$ for $$11,050$; 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 recordedPrepare a schedule of accounts receivable.

WISET COMPANY

Schedule of Accounts Receivable

April $30$

Paula Kohr

Nic Nelson

Page Alistair

Total accounts receivable $$0$ in the cash receipts journal on April $30.$

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