Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Mar. 1 2 Purchased $43,600 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,800 (cost is $8,400). 3 (a) Purchased $1,230 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $10,200 (cost is $5,800). Borrowed $82,000 cash from Federal Bank by signing a long-term note payable. Purchased $21,850 of office equipment on credit from Spell Supply, terms n/30. 6 9 10 12 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $5,600 (cost is $2,900). Received payment from Min Cho for the March 2 sale less the discount of $336. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $872. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $204. 14 Purchased $32,625 of merchandise from the CD Company, terms 2/10, n/30. 15 (a) Issued Check No. 417 for $18,300, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (b) Cash sales for the first half of the month are $34,680 (cost is $20,210). These cash sales are recorded in the cash receipts journal on March 15. 16 17 19 20 23 27 28 Purchased $1,770 of store supplies on credit from Gabel Company, terms n/30. Returned $2,425 of unsatisfactory merchandise purchased on March 14 to Co Company. Church reduces accounts payable by that amount. Returned $630 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Received payment from Jovita Albany for the sale of March 10 less the discount of $112. Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $604 discount. Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $14,910 (cost is $7,220). credit to Linda Witt, Invoice No. 858, for $4,315 (cost is $3,280). Sold nerchandise on 31 (a) Issued Check No. 419 for $18,300, payee is Payroll, in payment of sales salaries expense for the last half of the month. 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. 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 beg. bal, is $10,000); Z. Church, Capital (March 1 beg bal. is $10,000) and Church Company uses the perpetual inventory system. Next > Mar. 01 Date GENERAL LEDGER Cash Debit Credit Balance 205,749) (205,749) Date Accounts Receivable Debit Credit Balance Inventory Date Debit Credit Balance Date Office Supplies Debit Credit Balance Mar. 01. Date Date Store Supplies Debit Accounts Payable Debit Credit Balance Date Office Equipment Debit Credit Balance Credit Balance Date Long-Term Notes Payable Debit Credit Balance Mar. 01 Date Date Date Date Accounts Payable Debit Z. Church, Capital Debit Sales Discounts Debit Sales Salaries Expense Debit Credit Balance Date Long-Term Notes Payable Debit Credit Balance Sales Credit Balance Date Debit Credit Balance Credit Balance Date Cost of Goods Sold Debit Credi Balance ACCOUNTS RECEIVABLE LEDGER Jovita Albany Credit Balance Date Debit Credit Balance Date Sales Salaries Expense Debit Jovita Albany Credit Balance Date Debit Credit Balance Date Min Cho Debit Credit Balance Date Linda Witt Debit Credit Balance Date Datel ACCOUNTS PAYABLE LEDGER CD Company Debit Spell Supply Debit Credit Balance Date Gabel Company Debit Credit Balance Credit Date Van Industries Debit Credit Balance Balance CHURCH COMPANY Trial Balance March 31 Debit Credit Totals $ 0 $ Trial Balance Schedule of AR > (b) Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accounts payable. Complete this question by entering your answers in the tabs below. Schedule of Trial Balance Schedule of AP AR Prepare the March 31 schedule of accounts receivable. CHURCH COMPANY Schedule of Accounts Receivable March 31 Jovita Albany Linda Witt Min Choi Total accounts receivable $ < Trial Balance Schedule of AP > Complete this question by entering your answers in the tabs below. Schedule of Trial Balance AR Schedle of AP Prepare the March 31 schedule of accounts payable. CHURCH COMPANY Schedule of Accounts Payable March 31 Gabel Company Spell Supply Van Industries CD Company Total accounts payable $ 0 < Schedule of AR Schedule of AP