Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30) Mar. 1 Purchased $34,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,600 (cost is $6,800). 3 (a) Purchased $1,020 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,800 (cost is $3,400). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $17,000 of office equipment on credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,400 (cost is $1,700). 12 Received payment from Min Cho for the March 2 sale less the discount of $136. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $340. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $68. 14 Purchased $32,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (a) Issued Check No. 417 for $14,908, payee is Payroli, in payment of sales salaries expense for the first half of the month 15 (6) 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. 16 Purchased $1,540 of store supplies on credit from Gabel Company, terms n/30. 17 Returned $3,200 of unsatisfactory merchandise purchased on March 14 to CD Company, Church reduces accounts payable by that amount. 19 Returned $519 of office equipment purchased on March 9 to Spell Supply Church reduces accounts payable by Required: 2-a. Enter the transactions in a sales journal. 2-b. Enter the transactions in a purchases journal. 2-c. Enter the transactions in a cash receipts journal. 2-d. Enter the transactions in a cash payments journal. 2-e. Enter the transactions in a general journal. Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Req 20 Req 2D Req 2E Enter the transactions in a sales journal. SALES JOURNAL Accounts Cost of Goods Required Information Reg 2A Req 2B Req 2c Reg 2D Req 2E Enter the transactions in a sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals Reg 2 Req 2A Reg 2B Reg 2c Req 2D Req 2E Enter the transactions in a purchases journal. Date Account PURCHASES JOURNAL Date of Terms Accounts Invoice Payable Cr. Inventory Dr. Office Supplies Dr. Other Accounts Dr. Mar. 31 Totals Required information Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited ash Dr Sales Discount Dr. Accounts Receivable Cr Sales Cr. Other Accts. Cr Cost of Goods Sold Dr Inventory CI Mar 31 Totals yuncu Tormation Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Date Ck.No. Payee Account Debited Cash Cr. Inventory Cr Other Accounts Dr. Accounts Payable Dr. Mar 31 Totals 1 2 Returned $3,200 of unsatisfactory merchandise purchased on March 14 to CD Company, Church reduces accounts payable by that amount. Note: Enter debits before credits. Date General Journal Debit Credit Mar 17 View general journal Clear any Recent 1 2 Returned $510 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Note: Enter debits before credits. Date General Journal Debit Credit Mar. 19 Record entry Ceny View general journal UM L2Rctivity/ques Saved Help Save & E Che 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $340. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $68. 14 Purchased $32,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (a) Issued Check No. 417 for $14,909, 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 $54,480 (cost is $43,520). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased $1,540 of store supplies on credit from Gabel Company, terms n/30. 17 Returned $3,200 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. 19 Returned $510 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $34. 23 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $288 discount. 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $10,200 (cost is $4,880) 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,080 (cost is $1,632) 31 (a) Issued Check No. 419 for $14,900, payee is Payroli, in payment of sales salaries expense for the last half of the month. 31 (6) Cash sales for the last half of the month are 559,840 (cost is $35,904). 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 crosstoot the journals and make the month-end postings. sume the following ledger account amounts Inventory (March 1 beg, bal is $61.000). Z Church. Capital (March 1 beg is $61000) and Church Company uses the perpetual inventory system. 122 of 2 Next Help Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30). Mar. 1 Purchased $34,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,600 (cost is $6,880). 3 (a) Purchased $1,020 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,800 (cost is $3,408). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $17,000 of office equipment on credit from Spell Supply, terms n/30 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,400 (cost is $1,700). 12 Received payment from Min Cho for the March 2 sale less the discount of $136. 13 (0) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $348. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $68. 14 Purchased $32,000 of merchandise from the CD Company, terms 1/1e, n/30. 15 (a) Issued Check No. 417 for $14,908, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (6) Cash sales for the first half of the month are 554,400 (cost is $43,528). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased $1,540 of store supplies on credt from Gabel Company, terms /30. 17 Returned $3,200 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. 19 Returned $518 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount 20 Received payment from Jovita Albany for the sale of March 18 less the discount of $34. 25 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $288 discount 27 Sold merchandise on credit to Jovite Albany, invoice No. 557 for sie, 200. (cost is $4,000) 28 Sold merchandise on credit to Linda Witt, Invoice No. 858) for $4,250 (cost is $1,832) 31 (5) Issued Check No. 419 for $14.980, poyees Payroll, in payment of sales soleries expense for the last half 12 of 2 SIE Next > Help Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10, n/30) Mar. 1 Purchased $34,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,680 (cost is $6,880). 3 (a) Purchased $1,020 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,800 (cost is $3,400). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 19 Purchased $17,000 of office equipment on credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,408 (cost is $1,700). 12 Received payment from Min Cho for the March 2 sale less the discount of $136. 13 (0) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $348. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $68. 14 Purchased $32,000 of merchandise from the CD Company, terms 1/1e, n/30. 15 (a) Issued Check No. 417 for $14,908, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (6) Cash sales for the first half of the month are 554,400 (cost is $43,528). These cash sales are recorded in the cash receipts Journal on March 15. 16 Purchased $1,540 of store supplies on credit from Gabel Company, terms /30. 17 Returned $3,200 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. 19 Returned $518 of office equipient purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $34. 25 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $268 discount 27 Sold merchandise on credit to Jovita Albany, Invoice No. 657, for $10,200. (cost is $4,030) 28 Sold merchandise on credit to Linda Witt, Invoice No. 858) for 54,050 (cost is $1.632) 31 (s) Issued Check No. 419 for $14,980, poyee St Payroll, in payment of sales salaries expense for the last half 12 of 2 Next >