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 Hy Suc erc andis cost ing 51.280 on credst to . Se1es for S,300 sub jest to a s sales discount if paid by 8 Sold merchandise costing $1, 260 on credit to G. Seles for $3, 300 subject to a $48 sales discount if paid by the end of the month. 14 Purchased $420 of store supplies from Chang Company on credit, terms n/30 17 Purchased $440 of office supplies on credit from Monder Company, terms n/30 24 Sold merchandise costing $580 to D. Air for $1,190 cash. 28 Purchased store supplies from Porter's for $126 cash 29 Paid Krause, Inc., $19,100 cash for the merchandise purchased on May 1 Journalize 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 Dr