E6-8 During April, Nike/Time completed the following credit purchase transactions: April 5 Purchased supplies, $1.106, from Disch Corporation 11 Purchased inventory. $3,600, from Conn Corp. Nike/Time uses a perpetual inventory system. 19 Purchased equipment. $14,300, from Saturn Co. 22 Purchased inventory, $2,210. from Milan, Inc. Record these transactions first in the general journal-with explanations-and then in the purchases journal. Omit credit terms and posting references. Which procedure for recording transactions is quicker? Why?