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 $22,600 of merchandise on credit from Krause, Inc., terns n/38. 8 Sold merchandise costing $1,400 to G. Seles for $4,000 on credit subject to a $55 sales discount if paid by the end of the month. 24 Purchased $490 of store supplies from Chang Company on credit, terms n/30. 17 Purchased $510 of office supplies on credit from Monder Company, terns 1/30. 24 Sold merchandise costing $650 to D. Air for $1,400 cash. 28 Purchased store supplies from Porter's for $140 cash. 29 Paid Krause, Inc., $22,600 cash for the merchandise purchased on May 1. PURCHASES JOURNAL Date of Accounts Involce Terms Payable Cr. Office Supplies Dr. Other Accounts Dr. Inventory Dr. Date Account