Daisy Company uses a purchases journal to record all purchases on account, including merchandise purchases. The company purchases merchandise and office supplies on a frequent basis. On January 14, Daisy Company purchased computer equipment on account from Lilly Company for $22,400, terms 1/10, n/45, for its first new employee in five years. How would this transaction be recorded in the purchases journal of Daisy Company? a. Debit Merchandise Purchases for $22,400 and credit Accounts Payable for $22,400 b. Debit Accounts Payable for $22,400 and credit Other Accounts for $22,400 c. Debit Other Accounts for $22,400 and credit Accounts Payable for $22,400 d. Debit Office Accounts for $22,176 and credit Accounts Payable for $22,176