Required information 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 2/10, 1/30). Mar. 1 Purchased $38,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15,200 (cost is $7,580). 3 (a) Purchased $1,140 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7.500 (cost is $3,880). 6 Borrowed $72,600 cash from Federal Bank by signing a long-term note payable. 9 Purchased $19,000 of office equipment on credit from Spell Supply, invoice dated March 9. terms n/10 EOM. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,800 (cost is $1,980). 12 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 paynent from Linda Witt for the March 3 sale less the discount. 14 Purchased $34,080 of merchandise from the CD Company, invoice dated March 13, terms 2/10, n/30. 15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $16, 100. Cashed the check and paid the employees. 15 (b) Cash sales for the first half of the month are $68,800 (cost is $48,640). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.) 16 Purchased $1,660 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/18 EOM. 17 Received a $3,400 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. 19 Received a $570 credit memorandum from Spell Supply for office equipment received on March 9 ---- su terlalu Se un LIUL LUNII LU, LIIVUILE N. 03. Tur 13,200 COSL 45.00). 3 (a) Purchased $1,140 of office supplies on credit from Gabel Company, invoice dated March 3. terms n/10 EOM. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,500 (cost is $3,880). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $19,000 of office equipment on credit from Spell Supply, invoice dated March 9, terms n/10 EDM 19 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,880 (cost is $1,990). 12 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. 14 Purchased $34,000 of merchandise from the CD Company, invoice dated March 13, terms 2/10, n/30. 15 lal Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the month, $16,190. Cashed the check and paid the employees. 15 (b) Cash sales for the first half of the month are $60,800 (cost 15 $48,640). (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries.) 16 Purchased $1,660 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM. 17 Received a $3,480 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14. 19 Received a $570 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit. 28 Received payment from Jovita Albany for the sale of March 10 less the discount. 23 Issued Check No. 418 to CD 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. 357, for $11,480 (cost is $4,560). 28 Sold merchandise on credit to Linda Witt, Invoice No. 858, for $4,560 (cost is $1,824). 31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the month, $16, 100. Cashed the check and paid the employees. 31 (b) Cash sales for the last half of the month are $66,880 (cost is $40,128). 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 crosstoot 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. WO Saved Required information Complete this question by entering your answers in the tabs below. Trial Balance Schedule of AR Schedule of AP Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Dobit Credit Totals 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. 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 AP > 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. Trial Balance Schedule of AR Schedule of API 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