Exercise 7-6 (Algo) Purchases journal LO P3 Gomez Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. July 1 Purchased $23,000 of merchandise on credit from Hector Company, terms n/15. July 4 Sold merchandise costing $1,170 to C. Paul for $1,280 cash. July 8 Purchased $760 of office supplies from Zhang Company on credit, terms n/30. July 15 Paid Hector $23,000 cash for the merchandise purchased on July 1. July 21 Purchased $1,140 of store supplies on credit from Staples, terms n/30. July 22 Sold merchandise costing $2,850 to MicroTran for $3,350 on credit, terms n/30. July 23 Purchased office supplies from Depot for $390 cash. July 25 Purchased $6,400 of merchandise on credit from Alfredo Company, terms n/30. July 27 Paid employee salaries of $2,500 in cash.