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 March 2 March 3 (a) March 3 (b) March 6 March 9 March 10 March 12 March 13 (a) March 13 (b) March 14 March 15 (a) March 15 (b) March 161 March 17 March 19 March 20 March 23 March 27 March 28 March 31 (a) March 31 (b) Purchased $34,000 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice Number 854, for $13,600 (cost is $6,800). Purchased $1,020 of office supplies on credit from Gabel Company, terms n/30. Sold merchandise on credit to Linda Witt, Invoice Number 855, for $6,800 (cost is $3,400). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $17,000 of office equipment on credit from Spell Supply, terms n/30. Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $3,400 (cost is $1,700). Received payment from Min Cho for the March 2 sale less the discount of $272. Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $680. Received payment from Linda Witt for the March 3 sale less the discount of $136. Purchased $34,000 of merchandise from the CD Company, terms 2/10, n/30. Issued Check Number 417 for $13,100; payee is Payroll, in payment of sales salaries expense for the first half of the month. Cash sales for the first half of the month are $54,400 (cost is $43,520). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,540 of store supplies on credit from Gabel Company, terms n/30. Returned $3,400 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $510 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 $68. Issued Check Number 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $612 discount. Sold merchandise on credit to Jovita Albany, Invoice fumber 857, for $10,200 (cost is $4,080). Sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,080 (cost is $1,632). Issued Check Number 419 for $13,100; payee is Payroll, in payment of sales salaries expense for the last half of the month. Cash sales for the last half of the month are $59,840 (cost is $35,904). These cash sales are recorded in the cash receipts journal on March 31.