3. Prepare a sehedule of accounts payable based on the information in the previous problem. There were no accounts payable balances on May 1. (2 Points) Willams Company Schedule of Accounts Payable 1-2. Williams Company began business on May 1. They use the perpetual inventory method. The following transactions involving purchases and cash disbursements occurred during the first week of May. May 2 Purchased $25,000 of merchandise inventory on credit from the Sioux City Company, May 3 Purchased $12,000 of merchandise inventory on credit from the Wichita Company, May 3 Purchased $3,000 of office supplies for cash from Bettendorf Co. Check no. 1267. terms 2/10, n/30. Invoice dated May 1. terms 2/10, n/30. Invoice dated May 2 May 4 Purchased $36,000 of office equipment on credit from Office Outfitters, terms n/60. May 6 Paid the amount due for the merchandise purchased from Sioux City Company. May 6 Purchased $14,500 of merchandise inventory for cash from the Davenport Co. Check Invoice dated May 3. Check no. 1268. no. 1269. Required: Use the purchases journal and the cash disbursements journal to record these transactions. 1. (2 Points) Purchases Journal Accounts Office Other Date of Payable Inventory Supplies Accounts Account Invoice Terms PR Cr Dr Dr Dr DateA 2. (2 Points) Cash Disbursements Journal Other Accounts Ck. No. Inventory Accounts Payable Date Payee Account Debited PR Cash Cr. Cr. Dr. Dr