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 $15, 600 of merchandise on credit from Krause, Inc., terns n/30. 8 Sold merchandise costing $1, 120 on credit to G. Seles for $2, 600 subject to a $41 sales discount if paid by the end of the month. 14 Purchased $350 of store supplies from Chang Company on credit, terms n/30. 17 Purchased $370 of office supplies on credit from yonder Company, terms n/30. 24 Sold merchandise costing $510 to D. Air for $980 cash. 28 Purchased store supplies from Porter's for $112 cash. 29 Paid Krause, Inc., $15, 600 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