oblem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 he following Information applies to the questions displayed below] hurch Company completes these transactions and events during March of the current year (terms for all ts credit sales e 2/10, n/30). of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30 on credit merchandise 3 (a) Purchased $1,220 of office Min Cho, Invoice No. 854, for $16, 800 (cost is 8,400). supplies on credit from Gabel Company, invoice dated March 3, erms n/10 to from Gabel C EOM Sold merchandise on credit to Linda Witt, Invoice No. ess, for $10,200 (eest , $5, eoo). a (b) o cash from Federal Bant by igning a long-term note payable rchased s21,850 of office equipment on eredie from pell supply, invoice dated Maxch 9, terms n/10 10 12 13 (a) Sent Van Industries Cheak No. 13 (b) Received payment from Linda Witt for the Mazeh a sale less the discount 14 . Sold merchandise on credit to Received payment Erom Min Cho for the March 2 sale les the discount Jovita Albany, invoice le. ese, for $5,600 (cost i $2,900) 416 in payment of the Mazch 1 invoice less the discount. Purchased $32,625 of merchandine fxom the CD Company, invoice dated March 13, te rms 2/10, n/ao. 7, payable to Payroll, in payment of sales alaries expense for the first half of the month, $18,300. Cashed the check and paid the employees 15 (b) Cash sales for the first half of the month are $34, 680 (cost i $20,210).(Cash ie 16 17 19 20 daily, but are recorded oniy tvice here to reduce repetitive eneries Purchased1,770f storsuppli.. on credit from Gabel Company, invoice dated March 16 EOM. ceived a $2,425 eredit memorandum Erom CD Company for the return of unsatisfactory merchandis purchased on Marah 14 Received $630 axedit memozandum Erom Spel1 Supply fox otfsce equipment zeceived on March 9 and returned fox cred Received payment from Jovita Albany for the sale of March 10 less the discoune iasued Check No. 416 to CD Company in payment ot the 27 28 a1 (a) 1..ued Check ilo . 429, payable to payroll, in payment of sales salar , expen," for the last half of 301d merchandine on credit Sold merehandise on axedit so Linda Wice, Invoice No. 858, fox $4.35 (eost $3.20y the month, G26,200. Ca"hed th, heck -nd paid the employees 21 (b) Cash .ai.. for the 12.5t half of the month are 20.180 (aon ie.520) 31 ic) Vexify thas amounts shouid have been poseed as crossfoot he ournals and make the month-end postings Required information 2-c. Enter the transactions In a cash recelpts Journal. 2-d. Enter the transactions In a cash disbursements journal. 2-e. Enter the transactions in a general journal. Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a sales journal. SALES JOURNAL Accounts Cost of Goods Number Sales CrInventory Cr. Date Account Debited InvoiceA Receivable Dr Sold Dr. Mar 31Totals 5 Req 2B > Saved Required information -c. Enter the transactions In a cash recelpts journal. 2-d. Enter the transactions In a cash disbursements journal. 2-e. Enter the transactions In a general journal. Complete this question by entering your answers in the tabs below. Enter the transactions in a purchases journal. PURCHASES JOURNAL Office Other Date of Invoice Accounts Inventory Supplies Accounts Payable Cr Date Account Dr. Dr Dr Mar 31 Totals 01 $ 0 Required information 2-c. Enter the transactions In a cash recelpts journal. 2d. Enter the transactions in a cash disbursements journal. 2e. Enter the transactions In a general journal. Complete this question by entering your answers in the tabs below. Enter the transactions in a cash disbursements journal. CASH DISBURSEMENTS JOURNAL Other Accounts Date Ck No. Payee Account Debited Cash Cr. Inventory Cr. Accounts Payable Dr Dr. Mar 31 Totals Req 2C Req 2E ) Enter the transactions in a general journal. View transaction list Journal entry worksheet Received a $2,425 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. Note: Enter debits before credits. Date General Journal Debit Credit Mar. 17 Record entry Clear entry View general journal Enter the transactions in a general jounai View transaction list Journal entry worksheet Received a $630 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. Note: Enter debits before credits. Date General Journal bebitCredit Mar. 19 Record entry Clear entry View general journal