Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, /30). S 2/15, n e Mar. Purchased $34,000 of merchandise from Van Industries, terms 2/15, 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. 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 $272. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $680. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $136. 14 Purchased $31, of merchandise from the CD Company, terms 2/10, n/30. 15 (a) Issued Check No. 417 for $17, 100, 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 $54,400 (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. Returned $3,100 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $10 of office equipment purchased on March 9 to Spell Supply Church reduces accounts payable by that amount. Received payment fron Jovita Albany for the sale of March 10 less the discount of $68. Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $558 discount. Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $10,200 (cost is $4,080). 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 $17, 100, 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 $59,840 (cost is $35,984). 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. ssfoot the journals and make the month-end pe 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. 19 23 27 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 low Req 2A Req 28 Req 2c R eq 2D Req Enter the transactions in a purchases journal. PURCHASES JOURNAL Date of Accounts Invoice Payable Cr. Date Account Inventory Dr. Office Supplies Dr. Other Accounts Dr. Mar. 31 Totals Reg 2A Req 20 > 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. Reg 2A Reg 2B Reg 2C Reg 2D Reg 2E Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Dr. Sales Discount Dr. Accounts Recelvable Cr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals $ 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. Reg 2A Req 28 Req 20 Reg 2D Req 2E 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. $ 0 $ 0 $ Reg 2 View transaction list Journal entry worksheet Returned $3,100 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 Record entry Clear entry View general journal Required information GENERAL LEDGER Cash Debit Credit Accounts Receivable Debit Balance Credit Balance Inventory Debit Office Supplies Debit Date Credit Balance Date Credit Balance Mar. 01 Store Supplies Debit Date Credit Balance Office Equipment Debit Credit Balance Required information Accounts Payable Debit Long-Term Notes Payable Debit Credit Date Credit Balance Date Balance z. Church, Capital Debit Sales Debit Date Credit Balance Date Credit Balance Mar. 01 Sales Discounts Debit Cost of Goods Sold Debit Date Credit Balance Date Credit Balance Sales Salaries Expense Debit ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Credit Balance Balance Min Cho Debit Linda Witt Debit Credit Date Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Debit Credit Gabel Company Debit Balance Credit Balance LLL Spell Supply Debit Van Industries Debit Credit Balance Date Credit Balance Complete this question by entering your answers in the tal Trial Balance Schedule of Schedule of AP Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Debit Credit Totals . S 0 $ 0 (b) Prepare the March 31 trial balance, schedule of accc Complete this question by entering your answers 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