March 1 March 2 March 6 March 9 March 10 March 12 Church Company completes these transactions and events during March of the current year (terms for all its credit sales are 2/10, n/30). Purchased $38,999 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice Number 854, for $15,209 (cost is $7,600). March 3 (a) Purchased $1,149 of office supplies on credit from Gabel Company, terms n/30. March 3 (6) Sold merchandise on credit to Linda Witt, Invoice Number 855, for $7,600 (cost is $3,899). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $19,000 of office equipment on credit from Spell Supply, terms n/30. Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $3,800 (cost is $1,998). Received payment from Min Cho for the March 2 sale less the discount of $394. March 13 (a) Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $760. March 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $152. March 14 Purchased $34,999 of merchandise from the CD Company, terms 2/10, n/30. March 15 (a) Issued Check Number 417 for $16,900; payee is Payroli, in payment of sales salaries expense for the first half of the month. March 15 (b) Cash sales for the first half of the month are $60,800 (cost is 548,649). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,668 of store supplies on credit from Gabel Company, terms n/30. Returned $3,400 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $570 of office equipment purchased on March 9 to Spell Supply Church reduces accounts payable by Received payment from Jovita Albany for the sale of March 10 less the discount of $76. Issued Check Number 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $612 discount, sold merchandise on credit to Jovita Albany, Invoice Number 857, for $11,400 (cost is $4,566). March 28 sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,560 (cost is $1,924). March 31 () Issued Check Number 419 for $16,990; payee is Payroll, in payment of sales salaries expense for the last half of the month, March 31 (b) Cosh sales for the last half of the month are $66,880 (cost is $48,128). These cash sales are recorded in the cash receipts journal on March 31. March 31 (9) 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 beginning balance is $65.000), Z Church, Capital (March 1 beginning balance is $65.000) and Church Company uses the perpetual inventory system. March 16 March 17 March 19 that amount. March 20 March 23 March 27 Req 2A Req 2B Reg 20 Reg 2D Req 2E Enter the transactions in a sales journal. SALESUOURNAL Date Account Debited Invoice Number Accounts Receivable Debit Sales Credit Cost of Goods Sold Debit Inventory Credit March 31 Totals 0 $ 0 Reg 2B > Complete this question by entering your answers in the tabs below. Req 2A Red 2B Req 2C Req 2D Reg 2E Enter the transactions in a purchases journal. 1 HE LEH THE PURCHASES JOURNAL Date Account Date of Invoice Terms Accounts Payable Credit Inventory Debit Office Supplies Debit Other Accounts Debit 44 4 LE he March 31 Totals 0 $ 0 $ 0 $ 0 Reg 2A Req 2B plea 20 Reg 2D Req 2E Req 20 Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Debit Sales Discount Debit Accounts Receivable Credit Sales Credit Other Accounts Credit Cost of Goods Sold Debit Inventory Credit March 31 Totals 0 $ 0 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Req 2A Reg 2B Req 2c Req 2D Req 2E Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Date Check Number Payee Account Debited Cash Credit Inventory Credit Other Accounts Debit Accounts Payable Debit March 31 Totals S 0 S 0 0 S 0 JuraI CILI Y Winsneeu Returned $3,400 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 Debit Credit March 17 Record entry Clear entry View general journal Juurnar CII y VUInJncu