Peachtree Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $14,100 of merchandise on credit from Krause, Incorporated, terms n/30. May 8 Sold merchandise costing $1,060 to G. Seles for $2,300 on credit subject to a $38 sales discount if paid within 30 days. May 14 Purchased $320 of store supplies from Chang Company on credit, terms n/30. May 17 Purchased $340 of office supplies on credit from Monder Company, terms n/30. May 24 Sold merchandise costing $480 to D. Air for $890cash. May 28 Purchased store supplies from Porter's for $106 cash. May 29 Paid Krause, Incorporated, $14,100 cash for the merchandise purchased on May 1 . Peachtree Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $14,100 of merchandise on credit from Krause, Incorporated, terms n/30. May 8 Sold merchandise costing $1,060 to G. Seles for $2,300 on credit subject to a $38 sales discount if paid within 30 days. May 14 Purchased $320 of store supplies from Chang Company on credit, terms n/30. May 17 Purchased $340 of office supplies on credit from Monder Company, terms n/30. May 24 Sold merchandise costing $480 to D. Air for $890cash. May 28 Purchased store supplies from Porter's for $106 cash. May 29 Paid Krause, Incorporated, $14,100 cash for the merchandise purchased on May 1