ode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Save & Exit Submit Return to question Problem 7-1A Special journals, subsidiary ledgers, trial balance LO P1, P2, P3, P4 [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. 1 2 Purchased $34,000 of merchandise from Van Industries, terms 2/15, n/30. Sold merchandise on credit to Min Cho, Invoice No. 854, for $13,600 (cost is $6,800). 3 (a) Purchased $1,020 of office supplies on credit from Gabel Company, terms n/30 3 (b) Sold merchandise on credit to Linda Witt, Invoice No. 855, for $6,800 (cost is $3,408). 6 Borrowed $72,000 cash from Federal Bank by signing a long-term note payable. Sold merchandise on credit to Jovita Albany, Invoice No. 856, for $3,400 (cost is $1,796). Received payment from Min Cho for the March 2 sale less the discount of $272. 13 (a) Sent Van Industries Check No. 416 in payment of the March 1 invoice less the discount of $680. 13 (b) Received payment from Linda Witt for the March 3 sale less the discount of $136. Purchased $26,000 of merchandise from the CD Company, terms 2/10, n/30. 15 (a) Issued Check No. 417 for $17,000, payee is Payroll, in payment of sales salaries expense for the first half of the month. 15 (b) Cash sales for the first half of the month are $54,400 (cost is $43,520). These cash sales are 9 10 12 14 Mar 09 17,000 OO Mar 19 510 Accounts Payable Long-Term Notes Payable Debit Date Credit Date Credit E Debit 3,100 X Mar 17 Balance (3.100) (3,610) Mar 19 510 2 13,600 Mar 02 Next HI! >> 0 CD Company Total accounts payable 3,100X 22,150 $ Schedule of AR Schedule WP CD