The Account The following transactions occurred during December, the first month of operatio 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 . 1) To record purchase of inventory on account. 2) To record purchase of inventory on account. 3) To record payment to suppliers. 4) To record purchase of Inventory on account. . 5) To record payment to suppliers. Dort Post the transactions (in order to the accounts payable T-account (Enter your answers in the first available tield under the appropriate debitor credit column) Accounts Payable Balance