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 $39,000 of merchandise from Van Industries, invoice dated March 1, terms 2/15, n/30 Sold merchandise on credit to Min Cho, Invoice No. 854, for $15, 600 (cost is $7,800) Mar1 2 3 (a) Purchased $1,170 of office supplies on credit from Gabel Company, invoice dated March 3, terms n/10 EOM 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 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, invoice dated March 9, terms n/10 EOM Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,900 (cost is $1,950) Received payment from Min Chfor the March 2 sale less the discount. 10 12 13 (a) Sent van Industries Check No. 416 in payment of the March 1 invoice less the discount. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount. Purchased $26,000 of merchandise from the CD Company, invoice dated March 13, terms 2/1O, n/30 15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first 15 (b) Cash sales for the first half of the month are $62,400 (cost is $49, 920) (Cash sales are 16 17 19 20 half of the month, $16,200. Cashed the check and paid the employees recorded daily, but are recorded only twice here to reduce repetitive entries Purchased $1,690 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM Received a $2,600 credit memorandum from CD Company for the returnf unsatisfactory merchandise purchased on March 14. Received a $585 credit memorandum from Spell Supply for office equipment received on March 9 and returned for credit Received payment from Jovita Albany for the sale of March 10 less the discount