Exercise 8.4 (Algo) Recording purchases with purchases discounts. LO 8-1 Required: Record the following transactions of J. Min Designs in a general journal: TRANSACTIONS DATE 20X1 April 1 15 Purchased merchandise on credit from O'Rourke Fabricators, Invoice 885, $1,500, terms 3/10, 1/30; freight of $45 prepaid by O'Rourke Fabricators and added to the invoice (total invoice amount, $1,545). Paid amount due to O'Rourke Fabricators for the purchase of April 1, less the 3 percent discount, Check 457. Purchased merchandise on credit from Kroll Company, Invoice 145, $1,000, terms 3/10, 1/30; freight of $50 prepaid by Kroll and added to the invoice Returned damaged merchandise purchased on April 15 from Kroll Company: received Credit Memorandum 332 for $100. Paid the amount due to Kroll Company for the purchase of April 15, less the return on April 17, taking the 3 percent discount, Check 470. 17 24 Answer is not complete. No Date Debit Credit 1 Apr 01, 20X1 General Journal Merchandise inventory Accounts payable/O'Rourke Fabricators 1,545 X 1,545 X 2 Apr 09, 20X1 1,545 Accounts payable/O'Rourke Fabricators Cash Purchases discounts 1,500 45 3 Apr 15, 20X1 1,050 X Merchandise inventory Accounts payable/Kroll Company 1,050 X 4 Apr 17, 20X1 100 Accounts payable/Kroll Company Merchandise inventory 100 5 Apr 24, 20X1 950 Accounts payable/Kroll Company Cash 922 X Purchases discounts 29 X