[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). Mar. 12 1 Purchased $33,000 of merchandise from Van Industries, terms 2/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,200 (cost is $6,600). 3 (a) Purchased $990 of office supplies on credit from Gabel Company, terms n/30. 3 (6) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,600 (cost is $3,300). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $16,500 of office equipment credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,300 (cost is $1,650). Received payment from Min Cho for the March 2 sale less the discount of $264. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $660. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $132. 14 Purchased $31,000 of merchandise from the CD Company, terms 2/10, n/30. 15 (a) Issued Check No. 417 for $12,400, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (6) Cash sales for the first half of the month are $52,800 (cost is $42, 240). These cash sales are recorded in the cash receipts journal on March 15. Purchased $1,510 of store supplies on credit from Gabel Company, terms n/30. 17 Returned $3,100 of unsatisfactory merchandise purchased on March 14 to CD Company. Church reduces accounts payable by that amount. Returned $495 of office equipment purchased on March 9 to Spell Supply. Church reduces accounts payable by that amount. 20 Received payment from Jovita Albany for the sale of March 10 less the discount of $66. 23 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the $558 discount. 27 Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,900 (cost is $3,960). 16 19 that wont 20 Received payment from Jovita Albany for the sale of March 10 l the discount of sea. 23 Issued Check No. 41B to co Company Le payment of the March 14 purchase less the March 17 retorn and the 3956 dicunt. 27 Sold ser choodse on credit to Bovita Albory Invice No. 857. for 39,900 (cost is $3,968). 20 Sold marchandise on credit to Linda witt, Invoice No. 638, for 59,00 cost is $1,554). 31 (a) Issued Oreck No. 419 for $12,400, payee is Payroll, in payment of sales solaries expense for the last half of the month 31 (b) Cash sales for the last half of the month are $50,00 (Cost is $34,848). These cash sales are recorded in the cash receipts Journal on March 32. 31 (c) verify that mounts Impacting customer and creditor accounts were posted and that any wants that should have been posted as individual mounts to the general ledger accounts were posted. Fast and craft the journals and make the month-end postings. Assume the following ledger account amounts inventory (March 1 beg bal. is $64.000). Z. Church, Capital (March 1 beg bal.is 564.000) and Church Company uses the perpetual inventory system Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary edgers. GENERAL LEDGER Cash Debit Accounts Receivable Debit Date Credit Balance Dane Credit Balance Accounts Payable Debit Long-Term Notes Payable Debit Dale Credit Balance Credit Balance z. Church, Capital Debit Cute Credit Balance Date Sales Debit Credit Balance Mar 01 Sales Discounts bit Cost of Goods Sold Debit Date Credit Balance Date Credit Balance Required information Salus Salaries Expand Debit Crede ACCOUNTS RECEIVABLE LEGER Jovita Albany Debler Date Balce De Conde Balance Min Cho Debit Date Credi Linda Win Debit Balance Date Credit Balco ACCOUNTS PAYABLE LEDGER co Company Debit Crede Gabel Company Debit Date Balance Det Crede Balance Inventory Debit Office Supplies Debit Dale Balance Da Balance Mar 01 Store Supplies Debit Office Equipment Debit thate Credit Halance Date Credit Halance Accounts Payable Long-Term Notes Payable Required information CO Company Debit Gabel Company Debit Dard Codk Baloch Dan Ceodk Baloch Spell Supply Debit Van Industrias Debit Date Credit Balace Credit Balsace Required information ) 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 trial balance. CHURCH COMPANY Trial Balance March 31 Debit Credit Required information 11101 Daianice AR RRRRRRRRRRRRRRRRRR. 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 111ai DaianILE JUHICULIS VIR AR 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