12 Required Information {The following information applies to the questions displayed below.) Church Company completes these transactions and events during March of the current year terms for all its credit sales are 2/10, 1/30) Woed Print March 1 Purchased $43,600 of merchandise from Van Industries, teras 2/15, 1/30. March 2 Sold merchandise on credit to Min Cho, Invoice Number 854, for $16,800 (cost is $8,400). March 3 (a) Purchased $1,230 of office supplies on credit from Gabel Conpany, terns n/30. March (6) Sold merchandise on credit to Linde Witt, Invoice Number 855, for $10,200 (cost is $5,800). March 6 Borrowed $82,000 cash from Federal Bank by signing a long-term note payable. March 9 Purchased $21,850 of office equipment on credit from Spell supply, terms 1/30. March 10 Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $5,680 (cost is $2,900). March 12 Received payment from Min Cho for the March 2 sale less the discount of $336. March 13 ta) Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $872 March 13 (6) Received payment from Linda Witt for the March 3 sale less the discount of $204. March 14 Purchased $32,625 of merchandise from the CD Company, terms 2/10, 1/30. March 15 (al issued Check Number 417 for $18,3001 payee is Payroli, in payment of sales salaries expense for the first half of the month. March 15 b) Cash sales for the first half of the month are 534,680 cost is $20,210). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,770 of store supplies on credit from Gabe company. terns /30. March 17 Returned $2,425 of unsatisfactory merchandise purchased on March 14 To CD Company. Church reduces accounts payable by that amount. March 19 Returned 560 of office equipment purchased on March 9 to Sell Supply Church reduces accounts payable by that amount. March 20 Received payment from Jovita Albany for the sale of March 10 less the discount of 5112 March 23 Issund Check Number 1 to co Company in payment of the March 14 purchase the March 17 return and the $604 Discount March 27 Solo serchands on credit to Jovita Albany. Invoice Nuffoer 857, for $14,910 cost 15 37.220) March 2 5616 merchandise on credit to Linda Mitt hvorce Number for $4,315 cost is $3,200). ME Saved Accounting Information Systems 2 LES We www.www.yow payable by that anount. March 20 Received paynent from Jovita Albany for the sale of March 10 less the discount of $112. March 23 Issued Check Number 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $604 discount. March 27 Sold merchandise on credit to Jovita Albany, Invoice Number 857, for $14,918 (cost is $7,220). March 28 Sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,315 (cost is $3,280). March 31 (a) Issued Check Number 419 for $18,388; payee is Payroll, in payment of sales salaries expense for the last half of the month. March 31 (b) Cash sales for the last half of the month are $30,180 (cost is $16,820). These cash sales are recorded in the cash receipts Journal on March 31. March 31 (c) Verify that amounts impacting customer and creditor accounts were posted and that any amounts that should have been posted as individual amounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the month-end postings. Assume the following ledger account amounts: Inventory (March 1 beginning balance is $10,000); Z. Church, Capital (March 1 beginning balance is $10,000) and Church Company uses the perpetual inventory system. References Required: 2-a. Enter the transactions in a sales journal 2-b. Enter the transactions in a purchases Journal 2.c. Enter the transactions in a cash receipts joumal 2-d. Enter the transactions in a cash payments journal 2-e. Enter the transactions in a general journal. Complete this question by entering your answers in the tabs below. Reg 20 20 Reg 2 2A Enter the transactions in a sales journal Complete this ques Part 1 of 2 Reg 2 Reg 2D Rag 28 Reg 20 Req2A 25 Enter the transactions in a sales journal. SALES JOURNAL Invoice Number Accounts Receivable Debit Sales Credit Cost of Goods Sold Debit Inventory Credit Account Debited $ 5 March 31 Total Bags > complete this question by entering your answers in the tabs below. Reg 28 Req ZA Reg 20 Req 2D Reg 2E Enter the transactions in a purchases journal. PURCHASES JOURNAL Date of Involce Accounts Payable Credit Office Supplies Debit Inventory Debit Other Accounts Debit Terms Account Date 0 05 $ 0 $ 0 Totals March 31 RA Reg 20 > Complete this question by entering your ans Reg 20 Reg 2D Reg 2E Reg 28 Req 2A Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Sales Discount Debit Accounts Receivable Credit Sales Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit Cash Debit Account Credited 0 $ 0$ 0 05 $ 05 05 March Total Next > Complete this question by entering your answers in the tabs below. Req 2E Req 2c Rey 2D Reg 28 Reg 2A Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Cash Credit Inventory Credit Other Accounts Debit Accounts Payable Debit Account Debited Payee Check Number Date 0 $ 0 0 $ $ 0$ March 31 Tous Reg 26 > 1 2 Returned $2,425 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Vid Note: Enter debits before credits Date General Journal Debit Credit March 17 References Record entry Clear entry View general journal les Required information Journal entry worksheet