2C. As the new accountant for Mary's Card House in Halifax, your task is to a. Journalize the transactions for the month of March. b. Record in subsidiary ledgers and post to the general ledger as appropriate. c. Prepare a schedule of accounts receivable and a schedule of accounts payable at month-end. (Use the same chart of accounts as in problem P7-1C.) 2022 Mar. 1 Mary James invested $12,000 in the card store. 1 Paid two months' rent in advance to Harbour Realty, cheque No. 1201,$1,800. 2 Purchased merchandise from X-Card Company on account, $3,500. Invoice No. 810 , dated March 1, terms 2/10,n/30. 3 Sold merchandise to Jas Investors on account, $2,000. Invoice No. 401 , terms 2/10,n/30. Cost of inventory was $1,500. 6 Sold merchandise to Paton Lee on account, $900. Invoice No. 402 , terms 2/10,n/30. Cost of inventory was $675. 8 Purchased merchandise from X-Card Company on account, $1,750. Invoice No. 816, dated March 7, terms 2/10, n/30. 9 Sold merchandise to Jas Investors on account, $1,100. Invoice No. 403 , terms 2/10,n/30. Cost of inventory was $25. 9 Paid Able Cleaning Service \$425. Cheque No. 1202. 11 Paton Lee returned merchandise that cost $200 to Mary's Card House. Mary issued credit memorandum No. 1 to Paton Lee for $400. 12 Paid X-Card Company invoice No. 810, dated March 7, cheque No. 1203, taking discount. Comprehensive review pro all special journals and the eral journal; schedules of a payable and accounts rece (1) (2) 3 (120 min) Clecke Figure Total of Schedule of Account Receivable 57,900 Total of Schedule of Account Payable $15,100 I. 13 Purchased merchandise from Kaclynn Imports on account, \$4,200. Invoice No. 411, dated March 12, terms 1/15,n/60. 13 Arranged $15,000 bank loan with Royal Bank. Deposited today to the company's bank account. 14 Sold $1,500 worth of card supplies for cash. Cost of inventory was $1,125. 15 Paid casual salaries, $800, cheque No. 1204 . 15 Returned merchandise to Kaclynn Imports in the amount of $1,200. Mary's Card House issued debit memorandum No. 1 to Kaelynn lmports. 16 Sold merchandise for cash, $4,200. Cost of inventory was $3,150. 16 Reccived payment from Paton Lec, invoice No. 402, (less returned merchandisc), less discount. 16 Jas Investors paid invoice No. 401, no discount. 16 Sold card supplies to Gayle Herbert on account, $3,600. Invoice No. 404 , terms 2/10,n/30. Cost of inventory was $2,700. 19 Purchased used delivery truck on account from Halifax Auto, \$13,500. Invoice No. 3211, dated March 19 (no discount terms). 22 Sold to Jas Investors merchandise on account, $1,100. Invoice Na. 405 , terms 2/10,n/30. Cost of inventory was $825. 23 Paid Kaelynn Imports balance owed, cheque Na. 1205, taking discount 23 Sold card merchandise on account to Gayle Herbert, $1,300. Invoice No, 406 , terms 2/10,n/30. Cost of inventory was $975. 24 Purchased for eash, eard display supplies from AMR Supplies, \$500, cheque No. 1206 . 26 Purchased card merchandise from Benson and Mclntyre on account, 55,000. Invoice No. 311, dated March 26, terms 2/10, n/30. 26 Jas Investors paid invoice No. 405, dated March 22, taking discount. 26 Gayle Herbert paid invoice No. 406, dated March 23, arking discount. 29 Purchased merchandise from X-Card Company, $1,600. Invoice No. 836, dated March 26, terms 2/10, n/ 30 . 30 Paid half of the balance to Halifax Auto on their invoice No. 3211, cheque No. 1207 31 Sold merchandise to Youville Company on account, $3,200. Invoice Na. 407 , terms 2/10,n/30. Cost of inventory was $2,400. Section: Date: MARY'S CARD HOUSE SALES JOURNAL PAGE 1 3 35 36 37 Sales Journal Cash Receipts Journal Purchases Journal Cash Payments Journal Gen. Journa Ready hn Accessibility: Unavailable (1) 22C MARY'S CARD HOUSE CASH RECEIPTS JOURNAL MARY'S CARD HOUSE GENERAL JOURNAL MARY'S CARD HOUSE ACCOUNTS RECEIVABLE SUBSIDIARY LEDGER, AE: GAYLE HERBERT ME: JAS INVESTORS DDRESS: 12n DFRCY CT HAIIEAY NC RINIOA VAME: PATON LEE ADDRESS: 3211 HARVARD ST. HALIFAX NS B3P 1N1 NAME: HALIFAXAUTO NAME: KAELYNN IMPORTS ADDRESS: 626 HARBDURST, HALIFAX NS B3A 2M4 MARY'S CARD HOUSE MARY'S CARD HOUSE GENERAL LEDGEA CASH ICCOUNT NO. 110 \begin{tabular}{|l|l|l|l||l||l||l||l|} \hline Date & \multicolumn{1}{|c|}{ Explanation } & PostPief & Debit & Credit & DriCr & Balance \\ \hline & & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & & \\ \hline & & & & & \\ \hline \end{tabular} ACCOUNTS RECEIVABLE CCCUNT NO. 120 INVENTORY ICCOUNT NO. 150 MARY'S CARD HOUSE GENERAL LEDGER MARY'S CARD HOUSE GENERAL LEDGER CAICC DETIIDAIC ANIN AII RWANIFS CCDUNT NO. 412