! Required information [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 March 2 March 3 (a) March 3 (b) March 6 March 9. 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) Purchased $39,000 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice Number 854, for $15,600 (cost is $7,800). Purchased $1,170 of office supplies on credit from Gabel Company, terms n/30. Sold merchandise on credit to Linda Witt, Invoice Number 855, for $7,800 (cost is $3,900). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $19,500 of office equipment on credit from Spell Supply, terms n/30. Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $3,900 (cost is $1,950). Received payment from Min Cho for the March 2 sale less the discount of $312. Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $780. Received payment from Linda Witt for the March 3 sale less the discount of $156. Purchased $29,000 of merchandise from the CD Company, terms 2/10, n/30. Issued Check Number 417 for $13,100; payee is Payroll, in payment of sales salaries expense for the first half of the month. Cash sales for the first half of the month are $62,400 (cost is $49,920). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,690 of store supplies on credit from Gabel Company, terms n/30. Returned $2,900 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $585 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Received payment from Jovita Albany for the sale of March 10 less the discount of $78. Issued Check Number 418 to CD Company in payment of the March 14 purchase leas the March 17 return and the $522 discount.. Sold merchandise on credit to Jovita Albany, Invoice Number 857, for $11,700 (cost is $4,680). Sold merchandise on credit to Linda Witt, Invoice Number 858, for $4,680 (cost is $1,872). Issued Check Number 419 for $13,100; payee is Payroll, in payment of sales salaries expense for the last half of the month. Cash sales for the last half of the month are $68,640 (cost is $41,184). These cash sales are recorded in the cash receipts journal on March 31. 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 $62,000), Z. Church, Capital (March 1 beginning balance is $62,000) and Church Company uses the perpetual inventory system. Required: (a) Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers. lems Required information General Ledger Accounts Receivable Ledger Accounts Payable Ledger JADEN ROBINSO Post information from the journals in Part 2 to the general ledger. Date March 01 25/Highmiddl Journalist Entrepr GS Presentation MG youtube card-Go Ae Seved Help Save & Exit Submit Check my work GENERAL LEDGER Cash Debit Credit Balance 39,000 39,000 Accounts Receivable Date Debit Credit Balence Inventory Office Supplies Date Debit Credit Balance Date Debit Credit Balance March 011 Dale Store Supplies Debit Office Equipment Credit Balance Date Debit Credit Balance Accounts Payable Date Debit Credit Balance Dale Long Term Notes Payable Debit Creat Balance Next> Required information Date Store Supplies Check my work Office Equipment Debit Credit Balance Date Dubit Credit Balance Accounts Payable Long-Term Notes Payable Date Debit Credit Balance Date Debit Credit Balance 2. Church, Capital S Date Debit Credit Balance Date Dubit Credit Balance March 011 Sales Discounts Cost of Goods Seid. Date Debit Credit Balance Dale Deli Credit Balance Date Sales Salaries Expense Debit Credit Balance Accounts Receivable Ledger > lems Journalist Entrap 05 Presentation M G youtube card-Go Seved Help Save & Exit Submit Check my work (March 1 beginning balance is $62,000) and Church Company uses the perpetual inventory system. Required: (a) Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers Complete this question by entering your answers in the tabs below. General Ledger Accounts Receivable Ledger Accounts Payable Ledger Post information from the journals in Part 2 to the accounts receivable ledger. ACCOUNTS RECEIVABLE LEDGER Data Debit Credit Balance Jovita Albany Date Debil Credit Balance Linda Witt Date Debit Credit Balance MB ng Balance is $62,000) and Church Company uses the perpetual inventory system Required: (a) Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers. Complete this question by entering your answers in the tabs below. General Ledger Accounts Receivable Ledger Accounts Payable Ledger Post information from the journals in Part 2 to the accounts payable subsidiary ledgers. ACCOUNTS PAYABLE LEDGER CO Company Date Debit Crad Balance Check my work Gabel Company Debit Credit Balance Date Spell Supply Van industries Date Debit Credit Balance Date Debit Credit Balance 2 Required information. (b) 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. t Trial Balance Schedule of Accounts Schedule of Accounts Payable ences Receivable Prepare the March 31 trial balance. CHURCH COMPANY Trial Balance March 31 Debit Credit Totals $ 0 $ Trial alanes Schedule of Accounts Receivable > Mayf Required Information (b) 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. Schedule of Schedule of Trial Balance Acounts Payable Accounts Receivable 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 : $ < Schedule of Accounts Receivable Schedule of Rucounts Payable