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 Purchased $43,600 of merchandise from Van Industries, terms 2/15, n/30 2 Sold merchandise on credit to Min Cho, Invoice No. 854, for $16,800 (cost is $8,400). 3 Purchased $1,230 of office supplies on credit from Gabel Company, terms n/30. 3 Sold merchandise on credit to Linda Witt, Invoice No. 855, for $10,200 (cost is $5,800). 6 Borrowed $82,000 cash from Federal Bank by signing a long-term note payable. 9 Purchased $21,850 of office equipment on credit from Spell Supply, terms n/30. 10 Sold merchandise on credit to Jovita Albany. Invoice No. 856, for $5.600 (cost is $2,900). 12 Received payment from Min Cho for the March 2 sale less the discount of $336.