PART 1
labels
Journal entry worksheet labels
Accounts payableCD Company
Accounts payableSpell Supply
Accounts receivableCD Company
Accounts receivableSpell Supply
Cash
Delivery expense
Inventory
Office equipment
Purchases
Purchases discounts
Purchases returns and allowances
Sales
Sales discounts
Sales returns and allowances
Supplies
Transportation-in
PART 2 (same problem)
date labels options
March 01
March 02
March 03 (a)
March 03 (b)
March 06
March 09
March 10
March 12
March 13 (a)
March 13 (b)
March 14
March 15 (a)
March 15 (b)
March 16
March 17
March 19
March 20
March 23
March 27
March 28
March 31 (a)
March 31 (b)
March 31 (c) Sales Journal
March 31 (c) Purchases Journal
March 31 (c) Cash Receipts Journal
March 31 (c) Cash Payments Journal
part 3 (same problem)
[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) March 1 Purchased $34,000 of merchandise from Van Industries, terms 2/15, n/30. March 2 Sold merchandise on credit to Min Cho, Invoice Number 854, for $13,600 (cost is $6,800). March 3 (a) Purchased $1,020 of office supplies on credit from Gabel Company, terns n/30. March 3 (6) Sold merchandise on credit to Linda Witt, Invoice Number 855, for $6,880 (cost is $3,400). March 6 Borrowed $72,000 cash fron Federal Bank by signing a long-term note payable. March 9 Purchased $17,000 of office equipment on credit fron Spell Supply, terms o/30. March 19 Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $3,400 (cost is $1,700). March 12 Received payment from Min Cho for the March 2 sale less the discount of $272. March 13 (a) Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $680. March 13 (6) Received payment from Linda Witt for the March 3 sale less the discount of $136. March 14 Purchased $34,000 of merchandise from the CD Company, terms 2/10, 1/30. March 15 (a) Issued Check Number 417 for $12,900; payee is Payroll, in payment of sales salaries expense for the first half of the month March 15 (6) Cash sales for the first half of the month are $54,400 (cost is $43,520). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,540 of store supplies on credit from Gabel Company, terns n/30. March 17 Returned $3,400 of unsatisfactory merchandise purchased on March 14 to c Company. Church reduces accounts payable by that amount. March 19 Returned $510 of office equipment purchased on March 9 to Spell Supply Church reduces accounts payable by that amount. March 20 Received payment fron Jovita Albany for the sale of March 10 less the discount of $68. March 23 Issued Check Number 418 to CD Conpany in payment of the March 14 purchase less the March 17 return and the $612 discount. March 27 Sold merchandise on credit to Jovita Albany, Invoice Number 857, for $10,200 (cost is $4,080). March 28 Sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,089 (cost is $1,632). March 31 (a) Issued Check Number 419 for $12,900; payee is Payroll, in payment of sales salaries expense for the last half of the month March 31 (b) 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. March 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 beginning balance is $65,000). Z Church, Capital (March 1 beginning balance is $65,000) and Church Company uses the perpetual inventory System Complete this question by entering your answers in the tabs below. Reg 2A Req 2B Req 2c Req 2D Reg 2E Enter the transactions in a sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Debit Sales Credit Cost of Goods Sold Debit Inventory Credit March 02 March 31 Totals 0 $ STA Req 2B> Reg 2E Reg 2A Reales Reg 20 Reg 20 Enter the transactions Req 2B ses journal. PURCHASES JOURNAL Date of Invoice Date Terms Account Office Supplies Debit Accounts Payable Credit Other Accounts Debit Inventory Debit ices March 31 S OS Totals 05 0 0 $ Reg 2A Reg 28 Reg 20 Reg 2D Req 2E 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$ 05 05 0 $ 0$ Complete this question by entering your answers in the tabs below. Reg 2 Reg 28 Reg 20 Reg 2D Reg 2E Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Debit Sales Discount Debit Accounts Receivable Credit Cost of Goods Sold Debit Inventory Credit Other Accounts Credit Sales Credit March 31 Totals $ 0 $ OS 0$ 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. Reg 2A Reg 28 Reg 20 Reg 2D Reg 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 $ OS 0$ 0$ 0 Reg 2C Reg 2 > View transaction list Journal entry worksheet 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 General Journal Date March 17 Debit Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet (b) Prepare the March 31 trial balance, schedule of accounts receivable and schedule of accounts pa Complete this question by entering your answers in the tabs below. 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 $ 0 Complete this question by entering your answers in the tabs below. 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
