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). Purchased $43, 600 of merchandise from Van Industries, invoice dated Harch 1, terma 2/15, n/30. Sold merchandise on credit to Hin Cho, Invoice No. 854, for $16,800 (cost is se, 400). n/10 EOM. Borroved $02,000 cash trom Federal Bank by signing a long-term note payable. n/10 EOM Received payment from Min Cho for the March 2 sale less the discount. Mar. 1 3 (a) Purchased $1,230 of office supplies on credit from Gabel Company, invoice dated March 3, terms 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 8ss, toz $10,200 (cost ia $5,800) 6 9 Purchased $21,850 of office equipment on credit from Spell Supply, invoice dated March 9, cerms 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $5, 600 (cost is $2,900). 12 13 (a) Sent Van Industries Check No. 416 in payment ot the March 1 invoice less the discount. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount 14 Purchased $32, 625 of merchandise from the CD Company, invoice dated Harch 13, terms 2/10, n/30. 15 (a) Issued Check No. 417, payable to Payzoll, in payment of sales salaries expense for the first 15 (b) Cosh sales for the first half of the month are $34, 680 (coSt 1 $20,210) (Cash sales are 16 Purchased $1,770 of store supplies on credit from Gabel Company, invoice dated March 16,cema 17 Received a $2,425 credit memorandum from CD Company for the return of unsaciafactory 19 Received a $630 eredit memorandum from Spel1 Supply for ortice equipment received on March9 20 Received payment from Jovita Albany for the sale of March 10 less the discount half of the monch, $18,300. Coshed the check and paid the employees recorded daily, but are recorded only tvice here to reduce repetitive entries ) n/ 10 EOM . nerchandise purchased on March 14. and returned for credit prev 1co2 of 2 Next> heducation.com