Chem Company uses a Sales Journal, a Purchases Journal, a Cash Receipts Journal, a Cash Disbursements Journal, and a General Journal. The following transactions occurred during the month of July 2014:
July 1 Purchased merchandise on credit for $8,100 from Angler, Inc., terms n/30.
8 Sold merchandise on credit to B. Harren for $1,500, subject to a $30 sales discount if paid by the end of the month. Cost, $820.
10 The owner of Chem Company, Pat Johnson, invested $2,000 cash.
14 Purchased store supplies from Steck Company on credit for $240, terms 2/10, n/30.
17 Purchased merchandise inventory on credit from Marten Company for $2,600, terms n/30
24 Sold merchandise to W. Winger for $630 cash, Cost, $350
28 Purchased merchandise inventory from Hadley's for $9,000 cash.
29 Paid Angler, Inc., $8,100 for the merchandise purchased on July 1.
Required
On a sheet of notebook paper, draw a multicolumn Purchases Journal like the one that ap¬pears in Exhibit 7.12. Journalize the July transactions that should be recorded in the Purchases Journal.