CICLA Line following information applies to the questions displayed below. 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). 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. Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,400 (cost is $1,700). 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 $30,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (1) Issued Check No. 417 for $12,000, 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 13 $43,520). Thene cash sales are recorded in the cash receipts journal on March 15. Purchased $1,540 of store supplies on credit from Gabel Company, terms n/30. Returned $3,000 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $510 of office equipment purchased on March 9 to Spell Supply Church reduces accounts payable by that amount. 20 Received navment from Jovita Albany for the sale of March 10 16 CHLAMY WUR Returned 3510 of office equipment purchased on March 9 to Spell supply. Church reduces accounts payable by that amount. Received payment from Jovita Albany for the sale of March 10 less the discount of $34. Tasued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $270 discount. Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $10,200 (cost is $4,080). 28 Bold merchandise on credit to Linda Witt, Invoice No. 858, for $4,080 (cost is $1,632). 31 (a) Tasued Check No. 419 for $12,000, payee is Payroll, in payment of sales salaries expense for the last half of the month. 31 (1) Cash sales for the last half of the month are $59,840 (cost. is $35,904). These cash sales are recorded in the cash receipts journal on March 31. 31 (e) 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 $63,000), Z. Church, Capital (March 1 beg. bal. is $63,000) and Church Company uses the perpetual inventory system. (a) Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers. GENERAL LEDGER Cash Debit Credit Balance 7 Homework Help Save & Exit Check my GENERAL LEDGER Account Recalable Debit Debit Credit Balance Credit Balance Inventory Debit Office Supplies Debit Dato Credit Balance Date Credit Balance Mar. 01 Store Supplies Debit Date Credit Office Equipment Debit Balance Credit Balance Accounts Payable Debit 1 Date Long-Term Notes Payable Debit Credit Credit Balance To Date Balance Required information z Church, Capital Debit Credit Balance - Dobilt Credit Balance Sales Discounts Debit Cost of Goods Sold Debit Credit Balance Date Credit Balance Sales Salaries Expense Debit ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Date Credit Balance Balance Min Cho Debit Linda Date Credit Credit Date Balance Debit Credit B Balance Required information Lines With Date Min Cho Debit Credit Balance Date Debit Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Debit Credit Date Gabal Company Debit Balance Date Credit Balance HELP Van Industries Debit Date Debit Credit Date Credit Balance Required information (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. Trial Balance Schedule of Schedule of AP AR Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Required information (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. Trial Balance Schedule of Schedule of AP AR 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 S . (6) 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. 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 Spel Supply Van Industries CD Company Total accounts payable SO 7 Homework Help Save & Exit Check my GENERAL LEDGER Account Recalable Debit Debit Credit Balance Credit Balance Inventory Debit Office Supplies Debit Dato Credit Balance Date Credit Balance Mar. 01 Store Supplies Debit Date Credit Office Equipment Debit Balance Credit Balance Accounts Payable Debit 1 Date Long-Term Notes Payable Debit Credit Credit Balance To Date Balance Required information z Church, Capital Debit Credit Balance - Dobilt Credit Balance Sales Discounts Debit Cost of Goods Sold Debit Credit Balance Date Credit Balance Sales Salaries Expense Debit ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Date Credit Balance Balance Min Cho Debit Linda Date Credit Credit Date Balance Debit Credit B Balance Required information Lines With Date Min Cho Debit Credit Balance Date Debit Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Debit Credit Date Gabal Company Debit Balance Date Credit Balance HELP Van Industries Debit Date Debit Credit Date Credit Balance Required information (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. Trial Balance Schedule of Schedule of AP AR Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Required information (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. Trial Balance Schedule of Schedule of AP AR 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 S . (6) 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. 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 Spel Supply Van Industries CD Company Total accounts payable SO