Part Three-Journalizing and Posting Departmental Purchases and Cash Payments L\&R Paint has two departments: Paint and Accessories. The business completed the following transactions during May of the current year. L\&R has arranged terms of 2/10,n/30 for all purchases on account. Source documents are abbreviated as follows: check, C; debit memorandum, DM; purchase invoice, P. May 3. Purchased paint on account from Davis Chemical, \$2,900.00. P421. 5. Purchased accessories on account from Franken Mfg., $960.00. P422. 6. Paid cash for rent, $2,000.00. C685. 7. Returned damaged paint to Davis Chemical, $320.00, from P421. DM46. 11. Paid cash on account to Davis Chemical covering P421, less DM46, less 2% discount. C686. 12. Paid cash on account to Franken Mfg. covering P422, less 2% discount. C687. 19. Paid cash for advertising a paint sale, $1,650.00. C688. 25. Purchased accessories on account from Franken Mfg., $1,300.00. P423. Instructions