s of Special Journals Served Help Save & Exit Submit Check my work QS 7-8 Purchases journal LO P3 Peachtree Company uses sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the purchases journal. May 1 Purchased $19, 100 of merchandise on credit from Krause, Inc., terms n/30. 8 Sold merchandise costing $1,260 to G. Seles for $3,300 on credit subject to a $48 sales discount if paid by the end of the month. 14 Purchased $420 of store supplies from Chang Company on credit, terns n/30. 17 Purchased $440 of office supplies on credit from Monder Company, terms n/30. 24 Sold merchandise costing $580 to D. Air for $1,190 cash. 28 Purchased store supplies from Porter's for $126 cash. 29 Paid Krause, Inc., $19, 100 cash for the merchandise purchased on May 1. PURCHASES JOURNAL Date of Accounts Invoice Terms Payable Cr. Office Other Date Account Inventory Dr. Supplies Dr. Accounts Dr. Prov 1 of 7 !!! Next >