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 $$36,000$ of merchandise from Van Industries, terms $2/15,$ n$/30.$

March $2$ Sold merchandise on credit to Min Cho, Invoice Number $854,$ for $$14,400($cost is $$7,200).$

March $3($a$)$ Purchased $$1,080$ of office supplies on credit from Gabel Company, terms n$/30.$

March $3($b$)$ Sold merchandise on credit to Linda Witt, Invoice Number $855,$ for $$7,200($cost is $$3,600).$

March $6$ Borrowed $$72,000$ cash from Federal Bank by signing a long$-$term note payable.

March $9$ Purchased $$18,000$ of office equipment on credit from Spell Supply, terms n$/30.$

March $10$ Sold merchandise on credit to Jovita Albany, Invoice Number $856,$ for $$3,600($cost is $$1,800).$

March $12$ Received payment from Min Cho for the March $2$ sale less the discount of $$288.$

March $13($a$)$ Sent Van Industries Check Number $416$ in payment of the March $1$ invoice less the discount of $$720.$

March $13($b$)$ Received payment from Linda Witt for the March $3$ sale less the discount of $$144.$

March $14$ Purchased $$26,000$ of merchandise from the CD Company, terms $2/10,$ n$/30.$

March $15($a$)$ Issued Check Number $417$ for $$16,500$; payee is Payroll, 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 $$57,600($cost is $$46,080).$ These cash sales are recorded in the cash receipts journal on March $15.$

March $16$ Purchased $$1,600$ of store supplies on credit from Gabel Company, terms n$/30.$

March $17$ Returned $$2,600$ of unsatisfactory merchandise purchased on March $14$ to CD Company. Church reduces accounts payable by that amount.

March $19$ Returned $$540$ of office equipment purchased on March $9$ to Spell Supply. Church reduces accounts payable by that amount.

March $20$ Received payment from Jovita Albany for the sale of March $10$ less the discount of $$72.$

March $23$ Issued Check Number $418$ to CD Company in payment of the March $14$ purchase less the March $17$ return and the $$468$ discount.

March $27$ Sold merchandise on credit to Jovita Albany, Invoice Number $857,$ for $$10,800($cost is $$4,320).$

March $28$ Sold merchandise on credit to Linda Witt, Invoice Number $858,$ for $$4,320($cost is $$1,728).$

March $31($a$)$ Issued Check Number $419$ for $$16,500$; payee is Payroll, in payment of sales salaries expense for the last half of the month.

March $31($b$)$ Cash sales for the last half of the month are $$63,360($cost is $$38,016).$ These cash sales are recorded in the cash receipts journal on March $31.$

March $31($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 $1$ beginning balance is $$64,000),$ Z$.$ Church, Capital $($March $1$ beginning balance is $$64,000)$ and Church Company uses the perpetual inventory system.$($b$)$ Prepare the March $31$ trial balance, schedule of accounts receivable and schedule of accounts payable.

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Prepare the March $31$ schedule of accounts payable.