Church Company completes these transactions and events during March of the current year $($terms for all its credit sales are $\frac{2}{10},\frac{n}{30}.$

March $1$ Purchased $$32,000$ of merchandise from Van Industries, terms $2/15,$ n$/30.$

March $2$ Sold merchandise on credit to Min Cho. Invoice Number $854,$ for $$12,800($cost is $$6,400).$

March $3($a$)$ Purchased $$960$ of office supplies on credit from Gabel Company, terms $\frac{n}{30}.$

March $3($b$)$ Sold merchandise on credit to Linda Witt, Invoice Number $855,$ for $$6,400($cost is $$3,200).$

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

March $9$ Purchased $$16,000$ of office equipment on credit from Spell Supply, terms $\frac{n}{30}.$

March $10$ Sold merchandise on credit to Jovita Albany, Invoice Number $856,$ for $$3,200($cost is $$1,600).$

March $12$ Received payment from Min Cho for the March $2$ sale less the discount of $$256.$

March $13($a$)$ Sent Van Industries Check Number $416$ in payment of the March $1$ invoice less the discount of $$640.$

March $13($b$)$ Received payment from Linda Witt for the March $3$ sale less the discount of $$128.$

March $14$ Purchased $$31,000$ of merchandise from the CD Company, terms $\frac{2}{10},\frac{n}{30}.$

March $15($a$)$ Issued Check Number $417$ for $$12,000$; 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 $$51,200($cost is $$40,960).$ These cash sales are recorded in the cash receipts journal on March $15.$

March $16$ Purchased $$1,480$ of store supplies on credit from Gabel Company, terms $\frac{n}{30}.$

March $16$ Returned $$3,100$ of unsatisfactory merchandise purchased on March $14$ to CD Company. Church reduces accounts payable by that amount.

March $19$ Returned $$480$ of office equipment purchased on March $9$ to Spell Supply.

payable by that amount.

March $20$

Issued Check Number $418$ to CD Company in payment of the March $14$ purchase less the March $17$ return and the $$558$ discount.