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 1/10, n/30). Mar. 1 Purchased $30,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $12,000 (cost is $6,000). 3 (a) Purchased $900 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,000 (cost is $3,000). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $15,000 of office equipment on credit from Spell Supply, terms n/30. Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,000 (cost is $1,500). Received payment from Min Cho for the March 2 sale less the discount of $120. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $300. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $60. Purchased $26,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (a) Issued Check No. 417 for $13, 400, payee is Payroll, in payment of sales salaries expense for the first half of the month. (b) Cash sales for the first half of the month are $48,000 (cost is $38, 400). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,420 of store supplies on credit from Gabel Company, terms n/30. Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $450 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 $30. Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $234 discount. old merchandise on credit to Jovita Albany, Invoice No. 857for $9,000 (cost is $3,600). Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,600 (cost is $1,440). 31 (a) Issued Check No. 419 for $13, 400, payee is Payroll, in payment of sales salaries expense for the last half of the month. 31 (b) Cash sales for the last half of the month are $52,800 (cost is $31,680). These cash sales are recorded in the cash receipts journal on March 31. 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 $60,000), Z. Church, Capital (March 1 beg. bal. is $60,000) and Church Company uses the perpetual inventory system. Req 2A Req 2B Reg 2C Req 2D Reg 2E Enter the transactions in a sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals Req2A Req 2B> Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Reg 2E Enter the transactions in a purchases journal. Date Account PURCHASES JOURNAL Date of Terms Accounts ACCOU Invoice Payable Cr. Inventory Dr. - Office Supplies Dr. Other Accounts Dr. Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Dr. Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 20 Req 2D Req 2E Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Date Ck.No. Payee Account Debited Cash Cr. Inventory Cr. Other Accounts Dr. Accounts Payable Dr. Mar. 31 ( Req 2C Req2E > Journal entry worksheet Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Note: Enter debits before credits. General Journal Debit Credit Date Mar. 17 Record entry Clear entry View general journal Journal entry worksheet Returned $450 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Note: Enter debits before credits. Date General Journal Debit Credit Mar. 19 Record entry Clear entry View general journal 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 1/10, n/30). Mar. 1 Purchased $30,000 of merchandise from Van Industries, terms 1/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $12,000 (cost is $6,000). 3 (a) Purchased $900 of office supplies on credit from Gabel Company, terms n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,000 (cost is $3,000). Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased $15,000 of office equipment on credit from Spell Supply, terms n/30. Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,000 (cost is $1,500). Received payment from Min Cho for the March 2 sale less the discount of $120. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $300. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $60. Purchased $26,000 of merchandise from the CD Company, terms 1/10, n/30. 15 (a) Issued Check No. 417 for $13, 400, payee is Payroll, in payment of sales salaries expense for the first half of the month. (b) Cash sales for the first half of the month are $48,000 (cost is $38, 400). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,420 of store supplies on credit from Gabel Company, terms n/30. Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $450 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 $30. Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $234 discount. old merchandise on credit to Jovita Albany, Invoice No. 857for $9,000 (cost is $3,600). Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,600 (cost is $1,440). 31 (a) Issued Check No. 419 for $13, 400, payee is Payroll, in payment of sales salaries expense for the last half of the month. 31 (b) Cash sales for the last half of the month are $52,800 (cost is $31,680). These cash sales are recorded in the cash receipts journal on March 31. 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 $60,000), Z. Church, Capital (March 1 beg. bal. is $60,000) and Church Company uses the perpetual inventory system. Req 2A Req 2B Reg 2C Req 2D Reg 2E Enter the transactions in a sales journal. SALES JOURNAL Date Account Debited Invoice Number Accounts Receivable Dr. Sales Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals Req2A Req 2B> Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Reg 2E Enter the transactions in a purchases journal. Date Account PURCHASES JOURNAL Date of Terms Accounts ACCOU Invoice Payable Cr. Inventory Dr. - Office Supplies Dr. Other Accounts Dr. Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a cash receipts journal. CASH RECEIPTS JOURNAL Date Account Credited Cash Dr. Sales Discount Dr. Accounts Receivable Cr. Sales Cr. Other Accts. Cr. Cost of Goods Sold Dr. Inventory Cr. Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 20 Req 2D Req 2E Enter the transactions in a cash payments journal. CASH PAYMENTS JOURNAL Date Ck.No. Payee Account Debited Cash Cr. Inventory Cr. Other Accounts Dr. Accounts Payable Dr. Mar. 31 ( Req 2C Req2E > Journal entry worksheet Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Note: Enter debits before credits. General Journal Debit Credit Date Mar. 17 Record entry Clear entry View general journal Journal entry worksheet Returned $450 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. Note: Enter debits before credits. Date General Journal Debit Credit Mar. 19 Record entry Clear entry View general journal