Question

Hi, please help with the question below. You DON'T need to do the part that I have filled with answer, these are the answers that I have checked and indicated are correct, and it is solely served for your convenience in case you might need it in the following question. You ONLY need to answer the chart that is leave with blank. Please DO NOT answer the question if you cannot guarantee that you will answer them all, and leave the chance to other. You MUST EXACTLY follow the chart format to answer the question. Thank you!!

Required information Problem 7-1A Special journals, subsidiary ledgers, trial balance-perpetual LO C3, P1, P2 [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 $33,000 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 $13,200 (cost is $6,600) Mar. 1 3 (a) Purchased $990 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 $6,600 (cost is $3,300) 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable Purchased $16,500 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 $3,300 (cost is $1,650) Received payment from Min Cho for the March 2 sale less the discount. 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 14 15 (a) Issued Check No. 417, payable to Payroll, in payment of sales salaries expense for the first half of the Purchased $29,000 of merchandise from the CD Company, invoice dated March 13, terms 2/10, n/36 month, $14,500. Cashed the check and paid the employees. 15 (b) Cash sales for the first half of the month are $52,800 (cost is $42,240) (Cash sales are recorded daily, but are recorded only twice here to reduce repetitive entries. Purchased $1,510 of store supplies on credit from Gabel Company, invoice dated March 16, terms n/10 EOM Received a $2,900 credit memorandum from CD Company for the return of unsatisfactory merchandise purchased on March 14 Received a $495 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 Issued Check No. 418 to CD Company in payment of the invoice of March 13 less the March 17 return and the discount Sold merchandise on credit to Jovita Albany, Invoice No. 857, for $9,900 (cost is $3,960) Sold merchandise on credit to Linda Witt, Invoice No. 858, for $3,960 (cost is $1,584) 16 19 23 27 31 (a) Issued Check No. 419, payable to Payroll, in payment of sales salaries expense for the last half of the 31 (b) Cash sales for the last half of the month are $58,080 (cost is $34,848) month, $14,500. Cashed the check and paid the employees 31 (c) Verify that amounts 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. bal. is $64,000), Z. Church, Capital (March 1 beg bal. is $64,000) and Church Company uses the perpetual inventory system Problem 7-1A Part 2 Required 2-a. Enter the transactions in a sales journal 2-b. Enter the transactions in a purchases journal 2-c. Enter the transactions in a cash receipts journal 2-d. Enter the transactions in a cash disbursements journal 2-e. Enter the transactions in a general journal Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a sales journal SALES JOURNAL Accounts Receivable Dr Sales Cr Cost of Goods Sold Dr Inventory Cr Account Debited Invoice Number Date 13,200 $ 6,600 3,300 1,650 3,960 1,584 854 855 856 857 858 r. 02 n Ch da Witt Jovita Albany Jovita Albany da Witt 6,600 3,300 9,900 3,960 r 03 r. 27 r. 28 36,960 $ 17,094 Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2C Req 2E Req 2B Req 2D Enter the transactions in a purchases journal PURCHASES JOURNAL Date of Invoice Office Other counts Dr Accounts Payable Cr Inventory Dr. Supplies Dr. Ac Date 01 03 09 Account Terms 33,000 33,000 n Industries Office Supplies/Gabel Office equipment/Spell Supply CD Company Store supplies/Gabel 15, n/30 n/10, EOM n/10, EOM 10, п/30 n/10, EOM 990 16,500 29,000 1,510 990 16,500 29,000 1,510 990S Mar. 31 81,000 62,000S 18,010 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a cash receipts journal CASH RECEIPTS JOURNAL Cost of Goods Sold Dr Inventory Cr Sales Accounts Date Account Credited Cash Dr Sales Cr. Other Accts. Cr Discount Dr.Receivable Cr ong-term note payable72,000 12,936 6,468 52.800 3,234 58,080 72,000 06 12 ar 13 ar. 15 20 31 13,200 Cho 264 Witt 132 6,600 52,800 42,240 es Jovita Albany 3,300 58,080 34,848 es $ 205,518 $ 462$ 72,000 S 77,088 Totals 23,100 S 110,880 S Mar 31 Complete this question by entering your answers in the tabs below Req 2D Req 2A Req 2B Req 2C Req 2E Enter the transactions in a cash disbursements journal CASH DISBURSEMENTS JOURNAL Account Debited Industries Other Accounts Dr. Accounts Payable Dr Ck.No. 416 417 418 419 Inventory Cr. Date Payee n Industries ayroll Cash Cr. $ 33,000 13 15 ar. 23 Mar. 31 $32,340$ 660 14,500 25,578 14,500 14,500 Sales salaries expense CD Company Sales salaries expense 522 CD Company 26,100 14,500 ayroll 86,918S 1,182 S 29,000 $ 59,100 Mar. 31 Totals Complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 2C Req 2D Req 2E Enter the transactions in a general journal View transaction list Vw journal entry worksheet No Date Debit Credit General Journal Mar. 17 Accounts payable-CD Co 2,900 nventory 2,900 Mar. 19 Accounts payable-Spell Supply 495 Office equipment 495 r Problem 7-1A Part 3 Post information from the journals in Part 2 to the general ledger and the accounts receivable and accounts payable subsidiary ledgers. GENERAL LEDGER Cash Debit Accounts Receivable Date Credit Credit Balance Date Debit Balance 31 (c) Cash Rec. Journal Mar 31 (c) Cash Disb. Journal Office Supplies Inventory Date Debit Credit Balance Date Debit Credit Balance Mar. 01 Store Supplies Debit Office Equipment Debit Date Credit Balance Date Credit Balance 16 Long-Term Notes Payable Debit Accounts Payable Debit Balance Credit Date Balance Credit Date Sales Z. Church, Capital Debit Credit Balance Debit Date Credit Balance Date Mar. 01 Cost of Goods Sold Debit Sales Discounts Balance Credit Date Balance Credit Debit Date ACCOUNTS RECEIVABLE LEDGER Jovita Albany Debit Sales Salaries Expense Debit Balance Credit Date Credit Balance Date Linda Witt Min Cho Balance Credit Debit Date Balance Credit Debit Date ACCOUNTS PAYABLE LEDGER CD Company Debit Gabel Company Debit Balance Credit Date Balance Credit Date Van Industries Debit Spell Supply Debit Credit Balance Date Balance Credit Date Complete this question by entering your answers in the tabs below. schedule of A Trial Balance Schedule of AR Prepare the March 31 trial balance CHURCH COMPANY Trial Balance March 31 Debit Credit Totals 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. Schedule of Schedule of Trial Balance AR 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 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 Schedule of schedule of Trial Balance AR Prepare the March 31 schedule of accounts payable. CHURCH COMPANY Schedule of Accounts Payable March 31 Gabel Company Spell Supphy Van Industries CD Company Total accounts payable

Answer 1

Cash Accounts receivable Credit Balance Balance 205518 Mar 31 cash rec. journal Mar 31 cash Disb. journal 205518 86918 118600 Mar 31 sales journa Mar 31 cash rec. journal 36960 36960 13860 23100 Office supplies Inventory Balance Balance Mar-01 Mar-03 61100 123100 1182 121918 17094 104824 27736 2900 Mar 31-Pur journal Mar 31 cash disb. Journal Mar 31 sales journal Mar 31 cash rec, ournal 62000 Office equipment Balance 16500 77088 16500 16005 Mar-09 Store Supplies Long term Notes payable Date Debit Balance 1510 Balance re 72000 72000 Accounts Payable Date Debit Balance 2900 495 2900 3395 77605 18505 Balance Mar 31-Pur journal Mar 31 cash disb. Journal 81000 Mar 31 sales journal Mar 31 cash rec. journal 36960 110880 147840 36960 59100 Z.church Capital Cost of goods sold Debit Balance Mar-01 Balance re 17094 94182 Mar 31 sales journal Mar 31 cash rec. journal 17094 77088 Sales Discounts Debit Balance Mar 31 cash rec. journal 462 Jovita Albany Sales salaries expense Balance re Debit 3300 3300 Balance 14500 14500 14500 29000 3300 9900 Debit Balance Balance re 13200 13200 6600 13200 6600 3960 3960 CD Compan Balance Gabel compan 29000 29000 26100 Balance re 2900 26100 990 2500 1510 Van Industries Debit Balance re 16500 16500 16005 Mar-01 3300033000 r-1333000

Trial Balance Debit Credit Items Cash Acc. Red Inventory Office supplies Store Supplies Office equipment Acc. Payable Long term notes payable Z.church Capital Sales Sales discounts Cost of goods sold Sales salaries expense Totals 118600 13860 27736 990 1510 16005 18505 72000 64000 147840 462 94182 29000 302345 302345 Church Company Schedule of accounts rec. 9900 3960 0 13860 Jovita Albany Linda Witt Min cho Total Church Company Schedule of accounts pavable CD Company Gabel company Spell Supply Van Industries total 0 2500 16005 0 18505