PLEASE HELP

6 9 10 12 14 Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 [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 3/10. n/30) Mar. 1 Purchased $33,000 of merchandise from Van Industries, invoice dated March 1, terms 3/15, n/38. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,200 (cost is $6,680). 3 (a) Purchased $990 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. 3 (6) Sold merchandise on credit to Linda Witt, Invoice No. 855) for $6,6ee (cost is $3,300). Borrowed 572,eee cash from Federal Bank by signing a long-term note payable. Purchased $16,5ee 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). 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. Purchased $33,000 of merchandise from the CD Company, invoice dated March 13, terms 3/10, n/30. 15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $17,300. Cashed the check and paid the employees. 15 (b) Cash sales for the first half of the month are $52,800 (cost is $42,248). (Cash sales are recorded daily. but are recorded only twice here to reduce repetitive entries.) Purchased $1,510 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM. Received a 53,300 credit memorandum from CD company for the return of unsatisfactory merchandise purchased on March 14 19 Received a $495 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. 20 Received payment from Jovita Albany for the sale of March 18 less the discount. 23 Issued Check No. 418 to co Company in payment of the invoice of March 13 less the March 17 return and the discount. 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,900 (cost is $3,960). Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,969 (cost is $1,584). 31 (a) Issued Check No. 419, payable to Payroli, in payment of sales salaries expense for the last half of the month, $17,300. Cashed the check and paid the employees. 31 (6) Cash sales for the last half of the month are $58,888 (cost is $34,848). 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 $63,000), Z Church, Capital (March 1 beg. bal is $63,000) and Church Company uses the perpetual inventory system 16 17 28 Problem 7-1A Part 3 Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers GENERAL LEDGER Cash Debit Accounts Receivable Debit Credit Date Balance Date Balance Credit Inventory Debit Office Supplies Debit Credit Balance Date Date Credit Balance Mar 01 Store Supplies Debit Office Equipment Debit Credit Date Balance Date Credit Balance Accounts Payable Debit Long-Term Notes Payable Debit Credit Balance Date Date Credit Balance Z. Church, Capital Debit Sales Debit Balance Date Credit Balance Credit Date Mar 01 Sales Discounts Debit Cost of Goods Sold Debit Date Credit Balance Date Credit Balance ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Sales salaries Expense Debit Credit Balance Date Date Balance Linda Witt Min Cho Debit Credit Date Balance Balance Debit Date Credit ACCOUNTS PAYABLE LEDGER CD Company Debit Credit Gabel Company Debit Balance Date Credit Date Balance Spell Supply Debit Van Industries Debit Date Credit Balance Date Credit Balance + Trial Balance Schedule of AR Schedule of AP Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Debit Credit Totals 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 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