Peachtree Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a get journal. The following transactions occur in the month of May. May 1 Purchased $10, 100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $900 on credit to G. Seles for $1, 500 subject to a $30 sales discount if paid by the end of the month. 14 Purchased $240 of store supplies from Chang Company on credit, terms n/30. 17 Purchased $260 of office supplies on credit from Monder Company, terms n/30. 24 sold merchandise costing $400 to D. Air for $650 cash. 28 Purchased store supplies from Porter's for $90 cash. 29 Paid Krause, Inc., 10, 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