Peachtree Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Prepare a purchases journal like the one in Exhibit 7.9. Journalize the following transactions that should be recorded in the purchases journal.

Exhibit 7.9

May 1 Purchased $10,100 of merchandise on credit from Krause, Inc., terms n/30.
8 Sold merchandise costing $900 to G. Seles for $1,500 on credit subject to a $30 sales discount if paid within 30 days.
14 Purchased $240 of store supplies from Chang Company on credit, terms n/30.
17 Purchased $260 of office supplies on credit from Monder Company, terms n/30.
24 Sold merchandise costing $400 to D. Air for $650 cash.
28 Purchased store supplies from Porter’s for $90 cash.
29 Paid Krause, Inc., $10,100 cash for the merchandise purchased on May 1.

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Date Feb. 3 5 Account Horning Supply Co. Ace Mfg. Co. 13 20 Smite Co. 25 Ace Mfg. Co. 28 Store Suppiles/ITT Co. Totals 28 Wynet & Co. Date of Invoice Accounts Payable Ledger Company Name ITT Company Date PR Debit Feb. 28 P1 2/3 2/5 2/13 Company Name Ace Mfg. Company Date PR Debit Credit Balance Feb. 5 P1 200 200 25 P1 100 300 Credit 225 2/20 2/25 2/28 Company Name Horning Supply Company Date PR Debit Credit Balance Feb. 3 P1 350 350 Company Name Smite Company Date PR Debit Credit Feb. 20 P1 300. Company Name Wynet and Company Date PR Debit Credit Feb. 13 P1 150 2/10, n/30 2/10, n/30 2/10, n/30 2/10, n/30 n/30 Balance 225 Balance 300 Purchases Journal Balance 150 Terms n/30 ✓ ✓ ✓ PR Payable Cr. >>> ✓ Accounts Inventory Dr. ✓ 125/ 350 200 150 300 100 225 1,325- (201) Date PR 1 bal. 28 $3 Feb. 28 R2 28 P1 Date PR Feb. 28 P1 Date PR Feb. 28 P1 Date PR Feb. 28 P1 275 200 150 300 100 125 1,150- (119) Office Other Supplies Dr. Accounts Dr. 75 25 100 (124) General Ledger 1,150, Inventory Debit Credit 1,500 12,550 Office Supplies Debit Credit 100 Store Supplies Debit Credit 75 Accounts Payable Debit Credit 1,325. -75 75 (X) Page 1 No. 119 Balance 15,700 14,200 1,650 2,800 No. 124 Balance 100 No. 125 Balance 75 No. 201 Balance 1,325