Review the following transactions (Click the icon to view the transactions) Requirements 1. Prepare headings for a purchases journal. Journalize the transactions that should be recorded in the purchases journal. The company usos the perpetual inventory system 2. Total each column of the purchases journal Requirements 1 and 2. Prepare headings for a purchases journal, Journalize the transactions that should be recorded in the purchases journal. The company uses the perpetual inventory system. Total each column of the purchases journal (lf a box is not used in the joumal leave the box empty, do not select information and do not enter a zero. Abbreviations used: Acct. Pay - Accounts Payable Acct. Rec. - Accounts Receivable. Cust Customer, ON SuppOffice Supplies) Purchases Journal Page 1 Post Post Ref Ref Apr Apr. 30 Totals Apr.2 Purchased merchandise inventory on credit terms of 3/10, 1/60 from Valdez Co., $2,200 Apr. 5 Issued check no. 820 to purchase equipment for cash, $3,100. Apr. 11 Purchased merchandise inventory for cash, $700, issuing check no. 821. Apr. 12 Issued check no. 822 to pay Valdez Co. net amount owed from Apr. 2. Apr. 19 Purchased office supplies on account from Danvers Supplies, $350. Terms were n/EOM. Apr. 24 Purchased merchandise inventory on credit terms of net 30 from Warren Sales, $1,500 Apr. 28 Issued check no. 823 to pay for insurance coverage, debiting Prepaid Insurance for $1,600. Apr. 29 Issued check no. 824 to pay rent for the month, $1,600