Peachtree Company uses 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 $12,600 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $1,000 to G. Seles for $2,000 on credit subject to a $35 sales discount if paid by the end of the month. 14 Purchased $290 of store supplies from Chang Company on credit, terms n/30. 17 Purchased $310 of office supplies on credit from Monder Company, terms n/30. 24 Sold merchandise costing $450 to D. Air for $800 cash. 28 Purchased store supplies from Porter's for $100 cash. 29 Paid Krause, Inc., $12,600 cash for the merchandise purchased on May 1. PURCHASES JOURNAL Date of Date Account Invoice Terms Accounts Payable Cr. Office Other Inventory Dr. Supplies Dr. Accounts Dr