Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 3/10, n/30).

Mar.		1			Purchased $38,000 of merchandise from Van Industries, terms 3/15, n/30.
		2			Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,200 (cost is $7,600).
		3		(a)	Purchased $1,140 of office supplies on credit from Gabel Company, terms n/30.
		3		(b)	Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,600 (cost is $3,800).
		6			Borrowed $72,000 cash from Federal Bank by signing a long-term note payable.
		9			Purchased $19,000 of office equipment on credit from Spell Supply, terms n/30.
		10			Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,800 (cost is $1,900).
		12			Received payment from Min Cho for the March 2 sale less the discount of $456.
		13		(a)	Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $1,140.
		13		(b)	Received payment from Linda Witt for the March 3 sale less the discount of $228.
		14			Purchased $31,000 of merchandise from the CD Company, terms 3/10, n/30.
		15		(a)	Issued Check No. 417 for $17,500, 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 $60,800 (cost is $48,640). These cash sales are recorded in the cash receipts journal on March 15.
		16			Purchased $1,660 of store supplies on credit from Gabel Company, terms n/30.
		17			Returned $3,100 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount.
		19			Returned $570 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 $114.
		23			Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $837 discount.
		27			Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $11,400 (cost is $4,560).
		28			Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,560 (cost is $1,824).
		31		(a)	Issued Check No. 419 for $17,500, 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 $66,880 (cost is $40,128). 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 $61,000), Z. Church, Capital (March 1 beg. bal. is $61,000) and Church Company uses the perpetual inventory system.

Required information

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

  2-a.

  SALES JOURNAL
  Date	Account Debited	Invoice Number	Accounts Receivable Dr. Sales Cr.	Cost of Goods Sold Dr. Inventory Cr.
  Mar. 2	Min Cho	854	15200	7600
  Mar. 3	Linda Witt	855	7600	3800
  Mar. 10	Jovita Albany	856	3800	1900
  Mar. 27	Jovita Albany	857	11400	4560
  Mar. 28	Linda Witt	858	4560	1824
  Mar. 31	Totals		42560	19684

  2-b.

  PURCHASES JOURNAL
  Date	Account	Date of Invoice	Terms	Accounts Payable Cr.	Inventory Dr.	Office Supplies Dr.	Other Accounts Dr.
  Mar. 1	Van Industries	Mar. 1	3/15, n/30	38000	38000
  Mar. 3	Gabel Company	Mar. 3	n/30	1140		1140
  Mar. 9	Spell Supply	Mar. 9	n/30	19000			19000
  Mar. 14	CD Company	Mar. 14	3/10, n/30	31000	31000
  Mar. 16	Gabel Company	Mar. 16	n/30	1660			1660
  Mar. 31	Totals			90800	69000	1140	20660

  2-c.

  CASH RECEIPTS JOURNAL
  Date	Account Credited	Cash Dr.	Sales Discount Dr.	Accounts Receivable Cr.	Sales Cr.	Other Accounts Cr.	Cost of Goods Sold Dr. Inventory Cr.
  Mar. 6	Note payable	72000				72000
  Mar. 12	Min Cho	14744	456	15200
  Mar. 13	Linda Witt	7372	228	7600
  Mar. 15	Sales	60800			60800		48640
  Mar. 20	Jovita Albany	3686	114	3800
  Mar. 31	Sales	66880			66880		40128
  Mar. 31	Totals	225482	798	26600	127680	72000	88768

  2-d.

  CASH PAYMENTS JOURNAL
  Date	Ck. No.	Payee	Account Debited	Cash Cr.	Inventory Cr.	Other Accounts Dr.	Accounts Payable Dr.
  Mar. 13	416	Van Industries	Accounts payable	36860	1140		38000
  Mar. 15	417	Payroll	Sales salaries expense	17500		17500
  Mar. 23	418	CD Company	Accounts payable	27063	837		27900
  Mar. 31	419	Payroll	Sales salaries expense	17500		17500
  Mar. 31		Totals		98923	1977	35000	65900

  2-e.

  Date	General Journal	Debit	Credit
  Mar. 17	Accounts payable-CD Company	3100
  	Inventory		3100
  Mar. 19	Accounts payable-Spell Supply	570
  	Office equipment		570

General Ledger is needed, Trail Balance is needed, Schedule of AR needed and Schedule of AP needed, Thanks