Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 1/10,n/30). . 1 Purchased $33,eee of merchandise from Van Industries, terms 1/15, 1/10 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,200 (cost is 56,600) 3 (a) Purchased $998 of office supplies on credit from Gabel Company, terus w/30. 3 (b) Sold merchandise on credit to Linda witt, Invoice No. 855, for $6,600 (cost is $5300) 6 Borrowed $72,00 cash from Federal Bank by signing a long term note payable, 9 Purchased $16,508 of office equipment on credit from Spell Supply terms w/38 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856 for $3,300 (cost is $1,650) 12 Received payment from Min Cho for the March 2 sale less the discount of $132 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $330. 13 (6) Received payment from Linda Witt for the March 3 sale less the discount of $66. 14 Purchased $31,980 of merchandise from the company, terns 1/18, /30. 15 (a) Issued Check No. 417 for $15,308 payee is Payroll, in payment of soles salaries expense for the first half of the month 15 (b) Cash sales for the first half of the month are $52,800 (cost is $42, 240). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased $1.510 of store supplies on credit from Gabel Company, terms 30 17 Returned 180 of unsatisfactory merchandise purchased on March 14 to CD Company Church reduces accounts payable by that amount 19 Returnen $495 of office equipment purchased on March to Spell Supply Church reduces accounts payable by that amount 20 Received payment from Jovita Albany for the sale of March 2010 the discount 23 Issued Check No: 418 to CD Company Ln payment of the March 14 purchase as the March 17 return, and the $279 discount 22 Sold merchandise on credit to Sovite Albany Invoice NL859 for Scot 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,900 (cost is $3,960). 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,960 (cost is $1,584). 31 (a) Issued Check No. 419 for $15,300, payee is Payroll, in payment of sales salaries expense for the last half of the month. 31 (b) Cash sales for the last half of the month are $58,080 (cost is $34,848). 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 crossfoot the journals and make the month-end postings. Assume the following ledger account amounts Inventory (March 1 beg, bal is $62,000), Z Church, Capital (March 1 beg. bal, is $62,000) and Church Company uses the perpetual inventory system Problem 7-1A Part 3 (a) Post information from the Journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers GENERAL LELGER Cast Debit Accounts Receivable Debit Date Credit Balance Date Credit Balance Inventory Office Supplies Debit Date Debit Credit Credit Balance Date Mar 01 Store Supplies Debit Office Equipment Debit Date Credit Balance Date Credit Balance Accounts Payable Debit Long Term Notes Payable Debit Credit Date Balance Credit Balance Date Z. Church Capital Debit Sales Debit Date Credit Balance Dato Credit Balance Mar 01 Sales Discounts Debit Cost of Goods Sold Debit Dato Credit Balance Date Credit Balance Sales Salaries Expert Debit ACCOUNTS RECEIVABLE LEDGER Javita Albany Debit Credit Date Credit Balance Date Balance Min Cho Debit Linda W Debit Credit Date Flance Date Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Debat Credit Gate Company Debat Credit Balance Balance Date Date Spell Supply Debit Van Industries Debit Date Credit Balance Credit Date Balance (b) 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. Schedule Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Debit Credit Totals GA 0 $ 0 (b) Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accou 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 Total accounts receivable $ (b) Prepare the March 31 trial balance, schedule of accounts receivable and schedule of Complete this question by entering your answers in the tabs below. Trial Balance Schedule of AR Schedule of API 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 (b) Prepare the March 31 trial balance, schedule of accounts receivable and schedule of Complete this question by entering your answers in the tabs below. Trial Balance Schedule of AR Schedule of API 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