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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

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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 20.n/30) Mar. 1 Purchased $37,000 of merchandise from Van Industries, teres 2/15, n/30. 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $14,800 (cost is $7,400) 3 (a) Purchased 51,110 of office supplies on credit from Gabel Company, teras n/30. 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $7,400 (cost is $3,700). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Purchased 518,500 of office equipment on credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,780 (cost is $1,850). 12 Received payment fron Min Cho for the March 2 sale less the discount of $296. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 Invoice less the discount of 5740. 13(b) Received payment from Linda witt for the March 3 sale less the discount of $143. Purchased $25,000 of merchandise from the CD Company, teras 2/10, 1/30. 15 (a) Issued Check No. 417 for $13,100, 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 $59,200 (cost is $47, 160). These cash sales are recorded in the cash receipts journal on March 15. 16 Purchased $1,630 of store supplies on credit from Gabel Company, terns 1/30 17 Returned $2,600 of unsatisfactory merchandise purchased on March 14 to CD company. Church reduces accounts payable by that amount. 19 returned $555 of office equipment purchased on March to Spell Supply Church reduces accounts payable by that amount Received payment from Jovita Albany for the sale of March 1e less the discount of 574 Issued Check No. 418 to CD Company in payment of the March 14 purchase less the March 17 return and the 5668 discount 27 Sold merchandise on credit to Jovita Albany, invoice No. 35, for $11,100 (cost is $4,40). 28 Sold merchandise on credit to Linde Witt, Invoice No. 858, for $4,440 (cost is 31,776) 11 (a) Issued Check N. 419 for $13,100, payer is Payroll. In payment of sales salaries expense for the last of the month 31 (b) Cash sales for the last half of the month are $65,120 (cost is $30,672). These cash sales are recorded in the cash receipts Journal on March 31. 11(c) Verify that wounts 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 balis 563.000). Z. Church Capital (March 1 beg bal is 563000) and Church Company uses the perpetual inventory system (a) Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary GENERAL LEDGER Cash Debit Credit Balance Accounts Receivable Debit Date Credit Balance Date Inventory Debit Credit Balance Office Supplies Debit Date Mar 01 Credit Balance Store Supplies Debit Credit Balance Office Equipment Debit Date Credit Balance Accounts Payable Debit Date Credit Balance Long-Term Notes Payable Debit Credit Date Balance z. Church, Capital Debit Date Credit Sales Debit Balance Date Credit Ma 01 Balance Sales Discounts Debit Data Credit Balance Cost of Goods Sold Dehit Date Balance Sales Sales Expense Debit ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Credit Credit Balance Date Balance Date Min Cho Debit Credit Balance Linda Witt Debit Date Cro Balance ACCOUNTS PAYABLE LEDGER CD Company Debi Credit Date Balance Gabel Company Debit Date Credit Balance ACCOUNTS PAYABLE LEDGER CD Company Debit Credit Date Gabel Company Debit Balance Date Credit Balance Spell Supply Debit Van Industries Debit Credit Balance Date Credit Balance [D] 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 Schedule of AP AR Prepare the March 31 trial balance CHURCH COMPANY Trial Balance Mach 1

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