Kindly solve the following question step by step and clear formate explanation.

Required:

A: Journalize the Transactions.

B: Post and record as appropriate

(-1)P7-2A. Sara's Cupcakes of Cold Lake uses a purchases journal (page 10) and a general journal (page 2) to record the following transactions: 2022 May 8 Purchased merchandise on account from Stanton Co., invoice No. 1416, dated May 6, terms 2/10, n/60, $900. 11 Purchased merchandise on account from Kenn Co., invoice No. 618, dated May 11, terms 2/10, n/60, $1,540. 14 Purchased store supplies on account from Stacy Co., invoice No. 741, dated May 13, $1,050. 15 Issued debit memo No. 5 to Stanton Co. for merchandise returned, $300 from invoice No. 1416. 18 Purchased office equipment on account from King Co, invoice No. 1110, dated May 18, \$1,837. 24 Purchased additional store supplies on account from Stacy Co., invoice No. 780, dated May 23, terms 2/10, n/30, $940. The food store has decided to use a separate column for merchandise purchases and one for the purchase of supplies in the purchases journal