The Account The following transactions occurred during December, the first month of operations for Harris Company. Prepare journal entries to record each transaction. 1) Purchased $500 of inventory on account. 2) Purchased $300 of inventory on account. 3) Paid suppliers $600. 4) Purchased $400 of inventory on account. 5) Paid suppliers $300. Debit Credit . 0 0 0 0 0 0 0 . . 0 0 OO 1) To record purchase of inventory on account Inventory Accounts payable 2) To record purchase of inventory on account. Inventory Accounts payable 3) To record payment to suppliers. Accounts payable Cash 4) To record purchase of inventory on account Inventory Cash 5) To record payment to suppliers. 0 oo . 0 . 0 0 0 0 Post the transactions in order to the accounts payable T-account. (Enter your answers in the first available field under the appropriate debitor credit column.) Accounts Payable 0 0 D 0 . 0 0 Balance Check