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 $43,600 of merchandise from Van Industries, terms 2/15, n/30. March 2 Sold merchandise on eredit to Min Cho, Invoice Number 854, for $16,800 (cont is $8,$00 ). March 3 (a) Purchased $1,230 of office supplies on credit from Gabel Company, termi n/30. March 3 (b) Sold merchandiae on eredit to tinda Witt, Invoice Number 855, for $10,200 (cost ia $5,800 ). March 6 Borrowed $82,000cash from Federal gank by signing a long-tern note payable. March 9 Purchased $21,850 of office equipment on credit from spel1 supply, terms n/30. Narch 10 Sold merchandise on eredit to Jovita Albany, Invoice Number 856 , for $5,600 (cest is $2,900 ) . March 12 Received payment from Min Cho for the Mareh 2 sale less the discount of $336. March 13 (a) Sent Van Indugtries Check Number 416 in payment of the March 1 invoice less the discount of $872 March 13 (b) Received payment from I.inda 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,n/30. March 15 (a) Issued Cheok Number 417 for $18,300, 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 $34,680( cost is $20,210). These cash ales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,770 of store supplies on credit from Cabel company, terms n/30. March 17 Returned $2,425 of unsatisfactory merchandi se purchased on March 14 to co Company. Chureh March 19 Reduces accounts payable by that amount. payable by that amount. March 20 Received payment from Jovita Albany for the male of March 10 less the discount of $112. March 27 return and the $604 discount. Mareh 28 Sold merchandise on eredit to Lifnda Witt, Invoice Number 858 , for $4,315 (cost is $3,280 ). March 31 (a) Insued Check Number 419 for $18,300; payee fa payrol1, in payment of sales, malaries expense for the last half of the month. March 31 (b) Cash sales for the last half of the month are $30,180(coat,18516,820). Thease cash sales are March 31 recorded in the cash receipts journal on March 31. that should have been posted an individual amounts to the general ledger accounta were ponted. Foot and erossfoot the journala 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. Complete this question by entering your answers in the tabs below. Enter the transactions in a cash receipts journal. Complete this question by entering your answers in the tabs below. Enter the transactions in a cash payments journal. Journal entry worksheet Returned $2,425 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Note: Enter debits before credits. Journal entry worksheet Returned $630 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Note: Enter debits before credits