hurch Company completes these transactions and events during March of the current year (terms for all ts credit sales re 2/10, n/30). Purchased $33,880 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. ar. 1 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,280 (cost is $6,680). 3 (a) Purchased $990 of office supplies on credit from Gabel Company, invoice dated March 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,6e0 (cost is 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 3, terms n/10 EOM $3,300). 9 Purchased $16,500 of office equipment on credit from Spell Supply, invoice dated March 9, terms n/10 EOM. Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,300 (cost is $1,650) 10 12 Received payment from Min Cho for the March 2 sale less the discount 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount. 14 Purchased $38,880 of merchandise from the CD Company, invoice dated March 13, terms 15 (a) Issued Check No. 417, payable to Payrol1, in payment of sales salaries expense for 15 (b) Cash sales for the first half of the month are $52,800 (cost is $42,240). (Cash sales 16 Purchased $1,510 of store supplies on credit from Gabel Company, invoice dated March 17 19 20 2/10, n/30. the first half of the month, $16,400. Cashed the check and paid the employees. are recorded daily, but are recorded only twice here to reduce repetitive entries.) 16, terms n/10 EOM Received a $3,e00 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. Received a $495 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. Received payment from Jovita Albany for the sale of March 10 less the discount. Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount 23 23 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,9e0 (cost is 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,960 (cost is 31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for 31 (b) Cash sales for the last half of the month are $58,08e (cost is $34,848). March 17 return and the discount. $3,96e) $1,584). the last half of the month, $16,400. Cashed the check and paid the employees. 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 $64,000). Z. Church, Capital (March 1 beg. bal. is $64,000) and Church Company uses the perpetual inventory system. Required information 2 of 2 Accounts Payabl Date Debit Credit Z Church, Capital Date Debit Mar 01 Sales Discounts Debit Cost of Goods Sold Debit Date Credit Credit ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Sales Salaries Expense Debit Credit Date Date K Prev 2 of 2E Next 2 Part 2 of 2 Jovita Albany 1.5 poires CD Company Debit Debit Debit Credit Date Debit C Prev Complete this question by entering your answers in the tabs below. Trial Balance Schedule of of Schedule of AP AR Prepare the March 31 schedule of accounts receivable. CHURCH COMPANY Schedule of Accounts Receivab March 31 Jovita Albany Linds Witt Min Cho Total accounts receivable Trial Balance Schedule of AP> Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accouitgD Complete this quest schedule of AP Trial Balance Schedule of Prepare the March 31 schedule of accounts payable. pur answers in the tabs below le of AP AR CHURCH COMPANY Schedule of Accounts Payable March 31 Gabel Company Spell Supply Van Industries CD Company Total sccounts payable Schedule of AR 2-d. Enter the transactions in a cash disbursements journal. 2-e. Enter the transactions in a general journal. Req 2Athis question by entering your answers in the tabs below 2A Req 28 Req 2C Reg 2D Req 2E Enter the transactions in a sales journal. SALES JOURNAL Account Invoice Accounts Cost of Goods Number Receivable Dr Number Sales Cr. Inventory Cr Date Mar. 02 Mar. 03 Mar. 10 Jovits Albany 858 Mar. 27 Mar 28 Min Cho Linda Wint 854 13.200 $ 6,800 6,600 3,300 9.900 3,900 855 Jovita Albany 857 Linda Witt 1,650 3.900 1,584 858 Mar. 31 Totals 3d.960 17,004 2-d. Enter the transactions in a cash disbursements journal 2-e. Enter the transactions in a general journal Part 1 of 2 Completo this question by entering your answers in the tabs below. 15 Enter the transactions in a cash receipts journal. Aoseunts Cost of Goods Date Account Credited Cash Dr. Discount Dr Receivable CrSales Cr Other Accts. Cr. Sold Dr Long-term note paysble Linds We Jovits Albany 72,00 72 12 2 800 12 50.080 Totals 109.050 330 5 16.500| $ 110 B&OI Req 2D 2-d. Enter the transactions in a cash disbursements journal. Pat tof 2 2. Enter the 2-e. Enter the transactions in a general journal Complete this question by entering your answers in the tabs below. 15 Rec 20 Req 2C Req 20 Req 2E Enter the transactions in a cash journal, CASH DISBUR SEMENTS JOURNAL Account DebitedCash Cr Inventory C Ck. No. Payee Dr. Pa 2 340 Payrol 01.500 1200 3 32800 60,000 Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accouitgD Complete this quest schedule of AP Trial Balance Schedule of Prepare the March 31 schedule of accounts payable. pur answers in the tabs below le of AP AR CHURCH COMPANY Schedule of Accounts Payable March 31 Gabel Company Spell Supply Van Industries CD Company Total sccounts payable Schedule of AR 2-d. Enter the transactions in a cash disbursements journal. 2-e. Enter the transactions in a general journal. Req 2Athis question by entering your answers in the tabs below 2A Req 28 Req 2C Reg 2D Req 2E Enter the transactions in a sales journal. SALES JOURNAL Account Invoice Accounts Cost of Goods Number Receivable Dr Number Sales Cr. Inventory Cr Date Mar. 02 Mar. 03 Mar. 10 Jovits Albany 858 Mar. 27 Mar 28 Min Cho Linda Wint 854 13.200 $ 6,800 6,600 3,300 9.900 3,900 855 Jovita Albany 857 Linda Witt 1,650 3.900 1,584 858 Mar. 31 Totals 3d.960 17,004 2-d. Enter the transactions in a cash disbursements journal 2-e. Enter the transactions in a general journal Part 1 of 2 Completo this question by entering your answers in the tabs below. 15 Enter the transactions in a cash receipts journal. Aoseunts Cost of Goods Date Account Credited Cash Dr. Discount Dr Receivable CrSales Cr Other Accts. Cr. Sold Dr Long-term note paysble Linds We Jovits Albany 72,00 72 12 2 800 12 50.080 Totals 109.050 330 5 16.500| $ 110 B&OI Req 2D 2-d. Enter the transactions in a cash disbursements journal. Pat tof 2 2. Enter the 2-e. Enter the transactions in a general journal Complete this question by entering your answers in the tabs below. 15 Rec 20 Req 2C Req 20 Req 2E Enter the transactions in a cash journal, CASH DISBUR SEMENTS JOURNAL Account DebitedCash Cr Inventory C Ck. No. Payee Dr. Pa 2 340 Payrol 01.500 1200 3 32800 60,000