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 uses the perpetual inventory system. Total each column of the purchases iournal 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. (If a box is not used in the journal 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, Off. Supp. = Office Supplies) Purchases Journal Page 1 More info Post. Ref. Apr. 2 Purchased merchandise inventory on credit terms of 3/10, n/60 from Valdez Co., $2,300. Apr. 5 Issued check no. 820 to purchase equipment for cash, $2,600. Apr. 11 Apr. 12 Purchased merchandise inventory for cash, $520, issuing check no. 821. Issued check no. 822 to pay Valdez Co. net amount owed from Apr. 2. Apr. 19 Purchased office supplies on account from Danvers Supplies, $500. Terms were n/EOM. Apr. 24 Purchased merchandise inventory on credit terms of net 30 from Woburn Sales, $2,000. Apr. 28 Issued check no. 823 to pay for insurance coverage, debiting Prepaid Insurance for $1,400. Apr. 29 Issued check no. 824 to pay rent for the month, $1,700. - Post. Ref.