Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, 1/30). Mar. 1 Purchased $36,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $14,400 (cost is $7,200). 3 (a) Purchased $1,080 of office supplies on credit from Gabel Company, invoice dated March 3, terma n/10 EOM. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,200 (cost is $3,600). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $18,000 of office equipment on credit from Spell Supply, invoice dated March 9, terms /10 EOM. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,600 (cost is $1,800). 12 Received payment from Min Cho for the March 2 Bale less the discount. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount. 14 Purchased $32,000 of merchandise from the CD Company, invoice dated March 13, terms 2/10, n/30. 15 (a) Issued Check No. 417, payable to payroll, in payment of sales salaries expense for the first half of the month, $17,300. Cashed the check and paid the employees. 15 (b) Cash sales for the first half of the month are $57,600 (cost is $46,080). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.) 16 Purchased $1,600 of store supplies on credit from Gabel Company, invoice dated March 16, termo n/10 EOM. 17 Received a $3,200 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. 19 Received a $540 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. 20 Received payment from Jovita Albany for the sale of March 10 less the discount. 23 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount. 27 Bold merchandise on credit to Jovita Albany, Invoice No. 857, for $10,800 (cost is $4,320). 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,320 (cost is $1,728). 31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $17,300. Cashed the check and paid the employees. 31 (b) Cash sales for the last half of the month are $63,360 (cost is $38.016). 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 ponted. Foot and crossfoot the journals and make the month-end postings. Assume the following ledger account amounts Inventory (March 1 beg, bal is $63,000), Z. Church, Capital (March 1 beg. bal, is $63,000) and Church Company uses the perpetual Inventory system. GENERAL LEDGER Cash Debit Date Credit Balance Accounts Receivable Dobit - Dato Credit Balanc Mar 02 Inventory Debit Date Credit Balance Office Supplies Debit Mar. 01 Date Credit Balance Required information Store Supplies Dobit Date Credit Office Equipment Debit Balance Dato Credit Balance Accounts Payable Dobit Date Long-Term Notes Payable Debit Credit Credit Balance Date Balance Mar. 06 Z. Church, Capital Debit Date Credit Balance Date Sales Debit Mar. 01 Credit Balance Sales Discounts Debit Date Credit Balance Cost of Goods Sold Debil Date Credit Balance Sales Salaries Expense Debit Date ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Credit Balance Date Balance Mar 10 Date Min Cho Dobit Crodit Balance Date Linda WILL Debit Credit Balance ACCOUNTS PAYABLE LEDER CD Company Debit Credit Data Balance Gabal Company Debit Date Credit Saved Required information Complete this question by entering your answers in the tabs below. Trial Balance Schedule of AR Schedule of AP Prepare the March 31 trial balance. + CHURCH COMPANY Trial Balance March 31 Debit Credit Totals $ 0 $ 8 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. Trial Balance Schedule of AR Schedule of AP Prepare the March 31 schedule of accounts receivable. CHURCH COMPANY Schedule of Accounts Receivable March 31 Jovita Albany Linda Witt Min Cho Prepare the March 31 trial balance, schedule of accounts Complete this question by entering your answers in Trial Balance Schedule of AR Schedule of APE 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