Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Journal Date May 01 May 08 May 14 May 17 May 24 May 28 May 29 Transaction Purchased $10,100 of merchandise on credit from Krause, Inc., terms n/30. Sold merchandise costing $900 to G. Seles for $1,500 on credit subject to a $30 sales discount if paid by the end of the month. Purchased $240 of store supplies from Chang Company on credit, terms n/30. Purchased $260 of office supplies on credit from Monder Company, terms n/30. Sold merchandise costing $400 to D. Air for $650 cash. Purchased store supplies from Porter's for $90 cash. Paid Krause, Inc., $10,100 cash for the merchandise purchased on May 1