Review the following transactions. (Click the icon to view the transactions.) Requirements 1. Prepare headings for a cash payments journal. Journalize the transactions that should be recorded in the purchase journal. The company uses the perpetual inventory system. 2. Total each column of the purchases journal. Prepare headings for a cash payments journal. Journalize the transactions that should be recorded in the purchases journal. The company uses the perpetual inventory systems. 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. Abbreviation used. Acct. Pay. = Accounts Payable, Acct. Rec. = Accounts Receivable, Cuts. = Customer, Off. Supp. = Office Supplies) Apr. 2 Purchased merchandise inventory on credit terms of 3/10, n/60 from Venom Co., $3,100. 5 Issued check no. 820 to purchase equipment for cash, $3,200. 11 Purchased merchandise inventory for cash, $450, issuing check no. 821. 12 Issued check no. 822 to pay Venom co., net amount owed from Apr. 2. 19 Purchased office supplies on account from Danvers Supplies, $400. Terms were net end-of-month. 24 Purchased merchandise inventory on credit terms of net 30 from W Sales, $1,400. 28 Issued check no. 823 to pay for insurance coverage, deb Prepaid Insurance for $1,800. 29 Issued check no. 824 to pay rent for the month, $1,200. Choose from any list or enter any number in the input fields and then continue to the next question. Review the following transactions. (Click the icon to view the transactions.) Requirements 1. Prepare headings for a cash payments journal. Journalize the transactions that should be recorded in the purchase journal. The company uses the perpetual inventory system. 2. Total each column of the purchases journal. Prepare headings for a cash payments journal. Journalize the transactions that should be recorded in the purchases journal. The company uses the perpetual inventory systems. 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. Abbreviation used. Acct. Pay. = Accounts Payable, Acct. Rec. = Accounts Receivable, Cuts. = Customer, Off. Supp. = Office Supplies) Apr. 2 Purchased merchandise inventory on credit terms of 3/10, n/60 from Venom Co., $3,100. 5 Issued check no. 820 to purchase equipment for cash, $3,200. 11 Purchased merchandise inventory for cash, $450, issuing check no. 821. 12 Issued check no. 822 to pay Venom co., net amount owed from Apr. 2. 19 Purchased office supplies on account from Danvers Supplies, $400. Terms were net end-of-month. 24 Purchased merchandise inventory on credit terms of net 30 from W Sales, $1,400. 28 Issued check no. 823 to pay for insurance coverage, deb Prepaid Insurance for $1,800. 29 Issued check no. 824 to pay rent for the month, $1,200. Choose from any list or enter any number in the input fields and then continue to the next