Problem 2 Mary Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others. Record the following transactions in the appropriate journals (Purchases, Cash Payments, and General Journal). Some of the transactions below may be recorded in the General Journal Tense MARY COMPANY Cash Payment Journal CHE Dec Or Account Accounts Debied Account Payable Dr. Merchandise Irry CE Ral Or Dec 10 Dec 13 Dec 14 Dec 16 De 20 Purchased out for $20,000 from Cardier Company, Term NO. 3 FOS whipping point Pad 8.000 torce Company for a two-year for uw policy Purchase or supplies on court for 5400 from Jack Supply Company Terms 20,30 Purchased merchandise on account for $14,000 from Cher Corporation Tema 910,30, FOR shipping point Granted a reduction of $3,000 to Cher Corporation for merchandise purchased on December 11 and med soldering Paid Card Company for merchandise purchased on December 4, discount Purchased merchandise for $1.000 cashtron Clements Company Paid Cher Corporation for merchandise purchased on December 10, madis med en December 13 les discount Purchased merchandise on account for $25.000 from Wendy Company Terme 310, : FOB ing point Purchand office went for 510,000 cash from Kent Office Supply Company MARY COMPANY Purchases Journal P1 Dec 31 Merchandise inventory Dr Accounts Payable Date Account Credited Ral MARY COMPANY General Journal GI Date Exploration Transactions Dec. 4 Purchased merchandise on account for $20,000 from Candler Company. Terms: 3/10, 1/30; FOB shipping point Dec. 7 Paid $8,000 to Insurance Company for a two-year fire insurance policy. Dec. 8 Purchased store supplies on account for $400 from Jack Supply Company. Terms: 2/10, 1/30. Dec, 10 Purchased merchandise on account for $14,000 from Cher Corporation. Terms: 3/10,n/30; FOB shipping point Dec. 13 Granted a reduction of $3,000 to Cher Corporation for merchandise purchased on December 11 and returned because of damage. Dec. 14 Paid Candler Company for merchandise purchased on December 4, less discount. Dec. 16 Purchased merchandise for $8,000 cash from Clements Company. Dec. 20 Paid Cher Corporation for merchandise purchased on December 10, less merchandise returned on December 13, less discount. Dec. 25 Purchased merchandise on account for $25,000 from Wendy Company. Terms: 3/10, n/30; FOB shipping point Dec. 31 Purchased office equipment for $10,000 cash from Kent Office Supply Company