Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10,n/30 ). March 1 Purchased $38,000 of merchandise fron Van Industries, terns 2/15,n/30. March 2 Sold nerchandise on credit to Min Cho, Involce Number 854 , for $15,200 (cost is $7,680). March 3 (a) Purchased $1,140 of office supplies on credit from Gabel Company, terns n/30. March 3 (b) Sold nerchandise on credit to Linda Witt, Invoice Nunber 855 , for $7,609 (cost is $3,809 ). March 6 Borrowed $72, e00 cash from Federal Bank by signing a long-tern note payable. March 9 Purchased $19,000 of office equipment on credit fron Spel1 Supply, terms n/30. March 10 Sold nerchandise on credit to Jovita Albany, Invoice Number 856 , for $3,809 (cost is $1,900 ). March 12 Received payment from Min Cho for the March 2 sale less the discount of \$394. March 13 (a) Sent Van Industries Check Number 416 in paynent of the March 1 invoice less the discount of $760. March 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $152. March 14 Purchased $28,000 of merchandise fron the CD Conpany, terns 2/18,n/30. March 15 (a) Issued Check Nunber 417 for $13,390; payee is Payrol1, in paynent of sales salaries expense for the first half of the month. March 15 (b) Cash sales for the first half of the month are $60,800 (cost is $48,646 ). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,660 of store supplies on credit fron Gabel Conpany, terns n/39. March 17 Returned $2, 8ee of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. March 19 Returned \$57e of office equipment purchased on March 9 to Spel1 Supply. Church reduces accounts payable by that anount. March 20 Received payment from Jovita Albany for the sale of March 16 less the discount of $76. March 23 Issued Check Number 418 to CD Company in paynent of the March 14 purchase 1 ess the March 17 return and the $584 discount. March 27 Sold nerchandise on credit to Jovita Albany, Invoice Number 857, for $11,489 (cost is $4,569 ). March 28 Sold nerchandise on credit to Linda Witt, Invoice Nunber 858 , for $4,560 (cost is $1,824 ). March 31 (a) Issued Check Number 419 for $13,39e; payee is Payrol1, in paynent of sales salaries expense for the 1ast half of the month. March 31 (b) Cash sales for the last half of the nonth are $66, 880 (cost is $40,128 ). These cash sales are recorded in the cash receipts journal on March 31. March 31 (c) Verify that amounts impacting custoner and creditor accounts were posted and that any amounts that should have been posted as individual anounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the nonth-end postings. Assume the following ledger account amounts: Inventory (March 1 beginning balance is $65,000 ), Z. Church, Capital (March 1 beginning balance is $65,000 ) and Church Company uses the perpetual inventory system. lequired: a) Post Information from the journals In Part 2 to the general ledger and the accounts recelvable and accounts payable subsidiary edgers. Complete this question by entering your answers in the tabs below. Post information from the journals in Part 2 to the general ledger: Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10,n/30 ). March 1 Purchased $38,000 of merchandise fron Van Industries, terns 2/15,n/30. March 2 Sold nerchandise on credit to Min Cho, Involce Number 854 , for $15,200 (cost is $7,680). March 3 (a) Purchased $1,140 of office supplies on credit from Gabel Company, terns n/30. March 3 (b) Sold nerchandise on credit to Linda Witt, Invoice Nunber 855 , for $7,609 (cost is $3,809 ). March 6 Borrowed $72, e00 cash from Federal Bank by signing a long-tern note payable. March 9 Purchased $19,000 of office equipment on credit fron Spel1 Supply, terms n/30. March 10 Sold nerchandise on credit to Jovita Albany, Invoice Number 856 , for $3,809 (cost is $1,900 ). March 12 Received payment from Min Cho for the March 2 sale less the discount of \$394. March 13 (a) Sent Van Industries Check Number 416 in paynent of the March 1 invoice less the discount of $760. March 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $152. March 14 Purchased $28,000 of merchandise fron the CD Conpany, terns 2/18,n/30. March 15 (a) Issued Check Nunber 417 for $13,390; payee is Payrol1, in paynent of sales salaries expense for the first half of the month. March 15 (b) Cash sales for the first half of the month are $60,800 (cost is $48,646 ). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,660 of store supplies on credit fron Gabel Conpany, terns n/39. March 17 Returned $2, 8ee of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. March 19 Returned \$57e of office equipment purchased on March 9 to Spel1 Supply. Church reduces accounts payable by that anount. March 20 Received payment from Jovita Albany for the sale of March 16 less the discount of $76. March 23 Issued Check Number 418 to CD Company in paynent of the March 14 purchase 1 ess the March 17 return and the $584 discount. March 27 Sold nerchandise on credit to Jovita Albany, Invoice Number 857, for $11,489 (cost is $4,569 ). March 28 Sold nerchandise on credit to Linda Witt, Invoice Nunber 858 , for $4,560 (cost is $1,824 ). March 31 (a) Issued Check Number 419 for $13,39e; payee is Payrol1, in paynent of sales salaries expense for the 1ast half of the month. March 31 (b) Cash sales for the last half of the nonth are $66, 880 (cost is $40,128 ). These cash sales are recorded in the cash receipts journal on March 31. March 31 (c) Verify that amounts impacting custoner and creditor accounts were posted and that any amounts that should have been posted as individual anounts to the general ledger accounts were posted. Foot and crossfoot the journals and make the nonth-end postings. Assume the following ledger account amounts: Inventory (March 1 beginning balance is $65,000 ), Z. Church, Capital (March 1 beginning balance is $65,000 ) and Church Company uses the perpetual inventory system. lequired: a) Post Information from the journals In Part 2 to the general ledger and the accounts recelvable and accounts payable subsidiary edgers. Complete this question by entering your answers in the tabs below. Post information from the journals in Part 2 to the general ledger