Required information [The following information applles 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 3/10,n/30 ). March 1 Purchased $37,000 of merchandise fron Van Industries, terns 3/15, n/30. March 2 Sold nerchandise on credit to Min Cho, Imvolce Number 854, for $14,800 (cost is $7,490 ). March 3 (a) Purchased $1,110 of office supplies on credit from Gabel Company, terns n/30. March 3 (b) Sold merchandise on credit to Linda Witt, Invoice Number 855 , for $7,490 (cost is $3,799 ). March 6 Borrowed $72,e00 cash from Federal Bank by signing a long-tern note payable. March 9 Purchased $18,500 of office equipment on credit fron Spell Supply, terms n/30. March 10 Sold merchandise on credit to Jovita Albany, Invoice Number 856, for $3,790 (cost 15$1,850 ). March 12 Received payment from Min Cho for the March 2 sale less the discount of \$444. March 13 (a) Sent Van Industries Check Number 416 in payment of the March 1 invoice less the discount of $1,110. March 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of \$222. March 14 Purchased $26,060 of merchandise fron the CD Conpany, terns 3/10,n/30. March 15 (a) Issued Check Number 417 for $12,390; payee is Payroli, in payment of sales salaries expense for the first half of the month. March 15 (b) Cash sales for the first half of the month are $59,200 (cost is $47,360 ). These cash sales are recorded in the cash receipts journal on March 15. March 16 Purchased $1,630 of store supplies on credit fron Gabel Company, terns n/39. March 17 Returned $2, 680 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned \$555 of office equipnent purchased on March 9 to Spell Supply. Church reduces accounts payable by that anount. March 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $111. March 23 Issued Check Number 418 to CD Company in paynent of the March 14 purchase less the March 17 return and the $702 discount. March 27 Sold merchandise on credit to Jovita Albany, Invoice Number 857, for $11,100 (cost is $4,449 ). March 28 Sold nerchandise on credit to Linda Witt, Invoice Nunber 858, for $4,449 (cost is $1,776 ). March 31 (a) Issued Check Nunber 419 for $12,390; payee is Payroll, in paynent of sales salaries expense for the 1ast half of the month. March 31 (b) Cash sales for the last half of the nonth are $65,120 (cost 15$39,072 ). These cash sales are recorded in the cash receipts journal on March 31. March 31 (c) Verify that amounts impacting custoner and creditor accounts were posted and that any amounts that should have been posted as individual anounts 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 $61,000 ), Z. Church, Capital (March 1 beginning balance is $61,000 ) and Church Company uses the perpetual Inventory system. (a) Post Information from the Journals in Part 2 to the general ledger and the accounts recelvable and accounts payable subsidlary ledgers. Complete this question by entering your answers in the tabs below. (a) Post Information from the Journals in Part 2 to the general ledger and the accounts recelvable and accounts payable subsidlary ledgers. Complete this question by entering your answers in the tabs below. Post information from the journals in Part 2 to the accounts receivable ledger: (a) Post Information from the journals in Part 2 to the general ledger and the accounts recelvable and accounts payable subsidlary ledgers. Complete this question by entering your answers in the tabs below. Post information from the journals in Part 2 to the accounts payable subsidiary ledgers. b) Prepare the March 31 trlal balance, schedule of accounts recelvable and schedule of accounts payable. Complete this question by entering your answers in the tabs below. Prepare the March 31 trial balance. (b) Prepare the March 31 trlal balance, schedule of accounts recelvable and schedule of accounts payable. Complete this question by entering your answers in the tabs below. Prepare the March 31 schedule of accounts receivable. (b) Prepare the March 31 trlal balance, schedule of accounts recelvable and schedule of accounts payable. Complete this question by entering your answers in the tabs below. Prepare the March 31 schedule of accounts payable