Part II (11 Marks) Blended Company uses four special journals (Sales, Cash Receipts, Purchases and Cash Disbursements) as well as a General Journal. For this question, you will only be recording the transactions that belong in the Purchases, Cash Disbursements and General Journals. The following transactions occurred during May 2021. The company uses a perpetual inventory system. May 2 Purchased merchandise inventory from Blooming Co., invoice dated May 2nd terms 2/10, n/30, $8,200. 4 Sold merchandise on credit to Renet Inc. for $7750, terms 2/10, n/30, Invoice #543. Cost of merchandise inventory was $3,700. 6 Received a $400 credit memorandum from Blooming Co. for merchandise inventory received on May 2nd and returned for credit. 11 Issued cheque #655 to Blooming Co. to pay its May 2nd' invoice. 12 Received payment from Renet Inc. for the balance owing on their account. 17 Purchased Office Supplies from King Co. for $750, terms 2/10, n/30. 29 Paid Shaw for the monthly telephone bill, $825, cheque #656. 31 Recorded cash sales for the month, $18,000. Cost of merchandise, $7,000