Post intormation from the joumals in part 2 to the accounts receivabie ledger. Post intormation from the journals in Part 2 to the accounts payable subsisiay ledgers: 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 $43,600 of merchandise from Van Industries, terms 2/15, n/30. March 2 Sold merchandise on credit to Min Cho, Involce Number 854, for $16,800 (cost is $8,400 ). March 3 (a) Purchased $1,230 of office supplies on credit from Gabel Company, terms n/30. March 3 (b) Sold merchandise on credit to Linda Witt, Invoice Number 855 , for $10,200 (cost is 55 , 800 ). Harch 6 Borrowed \$82, 000 cash from Federal Bank by signing a long-term note payable. Harch 9 Purchased \$21,850 of office equipent on credit from Spell 5upply, terms n/J0. March 10 Sold merchandise on credit to Jovita Albany, Involce Nuaber 856, for $5,600 (cost is 52 , 900 ). March 12 Received payment from Min cho for the March 2 sale less the discount of 5336 . March 13- (a) Sent Van Industries Check Number 416 in payment of the March 1 Invoice less the discount of 5872. March 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $204. March 14 Purchased 532,625 of merchandise from the co Conpany, terms 2/10, n/30. March 15 (a) Issued Check Number 417 for 318,300 ; payee is Payrol1, in payment of sales salarles expense for the first. balf of the month. March 15 (b) Cash sales for the first half of the month are $34,660 (cost is $20,210 ). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased 51,770 of store supplies on credit from Gabel Conpany, teras n/30. Harch 17 Returned $2,425 of unsatisfactory merchandise purchased an Harch 14 to co Coapany. Church redoces accounts payable by that amount. March 19 Returned $630 of office equipent purchased on March 9 to Spell Supply. Church reduces accounts payable by March 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $112. March 23 Issued Check Number 418 to CD Company in payment of the March 14 purchase less the March 17 return and the Wisch 2704 discount: March 27 Sold merchandise on credit to Jovita Albany, Invoice Number 857, for $14,910 (cost is $7,220 ). March 28 Sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,315 (cost is $3,280 ). March 31 (a) Issued Check Number 419 for $18,300; 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 $30,160( cost is $16,829). These cash sales are recorded in the cash recelpts 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 $10,000 ). Z Church, Capital (March 1 beginning balance is $10.000 ) and Church Compary uses the perpetual inventory system
