Peachtree Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occur in the month of May. May 1 Purchased $21,100 of merchandise on credit from Krause, Inc., terms n/30 8 Sold merchandise costing $1,340 on credit to G. Seles for $3,700 subject to a $52 sales discount if paid by the end of the month. 14 Purchased $460 of store supplies from Chang Company on credit, terma n/30 17 Purchased $480 of office supplies on credit from Monder Company, terms n/30 24 Sold merchandise costing $620 to D. Air for 1,310 cash 28 Purchased store supplies from Porter's for $134 cash. 29 Paid Krause, Inc., s21,100 caah for the merchandise purchased on May 1. ournalize the May transactions that should be recorded in the purchases journal assuming the perpetual inventory system is used PURCHASES JOURNAL Date of Accounts Office Other Date Account Invoice Terms Payable Cr. Inventory Dr. Supplies Dr. Accounts D