need help with accounting homework
Chapter 7 Homework Required X Homework Help - Q&A from Onl X G mcgraw-hill connect student logi X + X C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 [The 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 2/10. n/30). Part 2 of 2 Mar. Purchased $33,090 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $13, 200 (cost is $6,690). (a) Purchased $990 of office supplies on credit from Gabel Company, terms n/30. 5 6 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,600 (cost is $3, 300). points 9 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 10 Purchased $16,500 of office equipment on credit from Spell Supply, terms n/30. 12 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3, 300 (cost is $1, 650). 13 Received payment from Min Cho for the March 2 sale less the discount of $264. (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $660. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $132. :BOOK 14 Purchased $33,090 of merchandise from the CD Company, terms 2/10, n/30. 15 (a) Issued Check No. 417 for $15,400, 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 $52,800 (cost is $42,240). These cash sales are recorded in References the cash receipts journal on March 15. 16 17 Purchased $1, 510 of store supplies on credit from Gabel Company, terms n/30. Returned $3,300 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. 19 Returned $495 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by 20 that amount. 23 Received payment from Jovita Albany for the sale of March 10 less the discount of $66. Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $594 discount. 27 28 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,900 (cost is $3,969). Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,960 (cost is $1, 584). 31 (a) Issued Check No. 419 for $15,400, 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 $58,080 (cost is $34, 848). 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 $62,000). Z. Church. Capital (March 1 beg. bal. is $62,000) and Church Company uses the perpetual inventory system. Graw W= docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&LA from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 . . Required information GENERAL LEDGER Part 2 of 2 Cash Accounts Receivable Date Debit Credit Balance Date Debit Credit Balance points Inventory Office Supplies =Book Date Debit Credit Balance Date Debit Credit Balance Mar. 01 Reference Store Supplies Office Equipment Date Debit Credit Balance Date Debit Credit Balance Accounts Payable Long-Term Notes Payable Date Debit Credit Balance Date Debit Credit Balance docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&LA from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 Required information Z. Church, Capital Sales Part 2 of 2 Date Debit Credit Balance Date Debit Credit Balance Mar. 0 points Sales Discounts Cost of Goods Sold Date Debit Credit Balance Date Debit Credit Balance eBook Reference ACCOUNTS RECEIVABLE LEDGER Sales Salaries Expense Jovita Albany Date Debit Credit Balance Date Debit Credit Balance Min Cho Linda Witt Date Debit Credit Balance Date Debit Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Gabel Company Date Debit Credit Balance Date Debit Credit Balance docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&LA from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 Required information LIEUIL lance Part 2 of 2 5 points Min Cho Linda Witt Date Debit Credit Balance Date Debit Credit Balance -Book Reference ACCOUNTS PAYABLE LEDGER CD Company Gabel Company Date Debit Credit Balance Date Debit Credit Balance Spell Supply Van Industries Date Debit Credit Balance Date Debit Credit Balance docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&LA from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 O. Required information Part 2 of 2 Complete this question by entering your answers in the tabs below. points Trial Balance Schedule of AR Schedule of AP Prepare the March 31 trial balance -Book CHURCH COMPANY Trial Balance March 31 Reference Debit Credit Totals $ Trial Balance Schedule of AR > docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&LA from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 O. Required information Part 2 of 2 points (b) Prepare the March 31 trial balance. schedule of accounts receivable and schedule of accounts payable. -Book Complete this question by entering your answers in the tabs below. References 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 docx (1).docx Show all X CanceledChapter 7 Homework Required X Homework Help - Q&A from Onl X G mcgraw-hill connect student logi X + X - C D newconnect.mheducation.com/flow/connect.html G Apps S www.islamicnet.co... Other bookmarks Chapter 7 Homework Required Saved Help Save & Exit Submit Check my work 2 Required information Part 2 of 2 points (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. References Trial Balance Schedule of AR Schedule of AP Prepare the March 31 schedule of accounts payable. CHURCH COMPANY Schedule of Accounts Payable March 31 Gabel Company Spell Supply Van Industries CD Company Total accounts payable docx (1).docx Show all X Canceled
